Analyst: BTC is expected to break through $100,000, provided that the high yield rate in the United States drops below 7%

In a message from ChainCatcher, crypto analyst Timothy Peterson stated that the high yield rate in the United States is a good indicator for predicting BTC prices. He suggested that its price could break new highs and reach $100,000 by the fourth quarter of 2024 or at latest by the second quarter of 2025. However, this is predicated on the high yield rate dropping to below 7% or 6%. The main basis for his prediction is his belief that Bitcoin's price trend mainly mirrors interest rate trends.

Meanwhile, according to data from YCharts, as of press time, the U.S. high-yield rate (representing interest rates on high-yield corporate bonds due to their higher default risk) stands at 7.54%.