Bitcoin’s price could reach $160,000 in 2024, according to analysts, driven by a bull market supported by several catalysts, including the upcoming halving, expected demand from US spot exchange-traded funds (ETFs), and growth in broader stock markets on the back of rate cuts. On-chain analysis firm CryptoQuant believes that these factors, combined with strong on-chain valuation and network metrics, signal that Bitcoin is set to make steady gains and establish two significant price levels of $54,000 and $160,000 as a cycle price top. The next halving event, which automatically reduces the supply of new coins in the open market,