Bitcoin is in a prominent stage in November 2024, reaching new all-time highs. Currently, its value exceeds 91,000 dollars, with significant growth since the beginning of the month. This surge is attributed to several factors, including:
1. Institutional demand: The approval of Bitcoin ETFs in key markets has increased the participation of large investors, reinforcing its adoption and reducing the supply on exchanges.
2. Supply reduction: With the halving scheduled for 2024, the number of bitcoins generated per block will decrease, which tends to increase its value due to the lower supply available.
3. Market sentiment: The optimism surrounding the cryptocurrency is attracting speculators and strengthening the bullish cycle, although it also increases the possibility of future volatility if confidence wanes.
4. Global economic outlook: Uncertainty in traditional markets and low interest rate policies in the U.S. favor the perception of Bitcoin as a "store of value."
In the short term, some analysts point to a possible ceiling close to 100,000 dollars, but warn of risks of over-leverage in the market, which could trigger abrupt corrections.
If you plan to invest, it is essential to consider the high volatility of the market and carefully manage the associated risks.