Forecast for 2024:
Technical analysis indicates a neutral trend. The price fell below the horizontal resistance area at $59,659.41, but continues to show year-to-date gains (approximately 86.11%).
The RSI (relative strength) indicator on the weekly timeframe shows a bullish sentiment.
Moving averages (50-MA and 200-MA) also confirm the neutral trend.
It is important to consider that the forecast is based on various indicators, and the market may change.
Long-term forecasts:
Analysts predict that Bitcoin could reach $500,000 per coin by 2025 and even $1 million by 20301.
Other forecasts point to higher values: $1,018.4222 by 2040.
It is important to remember that cryptocurrencies are highly volatile and the market can react to various factors. Investments always involve risks, so you should make informed decisions.
