$BTC Currently, Bitcoin's price on November 29, 2024, is approximately $95,661 per BTC, with a slight daily decrease of -0.33% compared to the previous day. Over the past year, Bitcoin's price has surged significantly, increasing by more than 150% from around $37,810 in November 2023.
Bitcoin Price Prediction for 2024
1. Bitcoin Halving 2024: A key factor influencing Bitcoin's price is the halving event scheduled for April 2024. Halving typically reduces the new supply of Bitcoin, creating upward pressure on prices.
2. Increased Adoption: Growing institutional interest and legalization of Bitcoin in several countries could continue driving its value upward.
3. Market Volatility: While some analysts predict a potential increase to $120,000–$150,000 by late 2024, high volatility in the crypto market poses challenges for precise forecasts.
Investors should remain cautious due to the high risks in the cryptocurrency market and conduct thorough research before investing.