OREANDA-NEWS  The cost of bitcoin is at local highs of about 86 thousand dollars and may rise to 100 thousand dollars by the end of the year, experts interviewed by RIA Novosti believe.

Alexander Kraiko, a leading analyst at Cifra Markets, a crypto broker, noted that the price is tightening and testing the upper limit of the range, which indicates a higher probability of growth. "In a positive scenario, the price will come to a zone of about 94 thousand dollars, and from there we will see a long sideways movement with a correction. I expect an increase to 94 thousand dollars in October," he said.
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Guzel Protsenko, CEO of Alfa-Forex, also sees the technical prerequisites for continued growth. According to her, bitcoin has already gained 51% from the low of 57,800 dollars. "If no one knocks it off course and the movement continues without deep pullbacks, the price may recover to about 113,300 dollars... If we set a lower growth rate and take into account the rollbacks, the goal will be noticeably more modest - 99 thousand dollars," she said. At the same time, Protsenko also allows for a scenario with an increase to $ 94,300 and a subsequent pullback to $ 85,600.

Kirill Komalenkov, Director of Strategic Communications at Bitbanker, calls the continuation of high volatility with a moderately positive bias the base scenario. "With continued institutional demand and a favorable macroeconomic background, bitcoin is able to return to 95-100 thousand dollars and test higher levels," he said.

Nikita Bredikhin, a leading investment analyst at Go Invest, expects a wider range of 80-100 thousand dollars. In his opinion, inflows into spot ETFs, which have grown by $15 billion since August, and the resumption of purchases by "crypto-treasury" companies are contributing to the growth.

Experts call the Fed's monetary policy the main risk. "The increase in rates is a negative factor for cryptocurrencies and bitcoin. Now it is not included in the prices of investors," Bredikhin warned.