Reasons for the recent drop in Bitcoin prices
Bitcoin repayments to Mt. Gox customers before bankruptcy
Germany sells 50,000 Bitcoins
3,940 Bitcoins sold in the United States
Reasons for Binance analysts to be optimistic about the end of the year
The impact of the above negative events may have been limited.
Market performance has improved recently.
The upcoming launch of an Ethereum ETF could bring in new inflows.
The macroeconomic environment is likely to be favorable, including interest rate cuts by the central bank.
The Bitcoin 2024 conference on July 27 and the U.S. presidential election on November 5 could be news that is favorable for Bitcoin.
The effects of the Bitcoin halving may be felt in 6 to 12 months.
Risks to watch out for
The cryptocurrency markets remain highly volatile and can be affected by unexpected events.
The regulatory environment is still unclear and could have a negative impact on the cryptocurrency market.
Overall, Binance analysts believe that Bitcoin has the potential to surge by the end of the year, but investors should still invest cautiously and be prepared for risks.
Here are some additional resources where you can learn more about Bitcoin price predictions:
Bitcoin Price Prediction 2024 and Beyond: https://coinmarketcap.com/community/articles/65260475b25d6f5ce310b0e1/
Bitcoin Price Prediction 2024: Bull or Bear? https://news.bitcoin.com/bitcoin-to-hit-122000-in-2024-predicts-finders-latest-survey-of-experts/
Bitcoin Price Prediction: Experts’ Views on 2024 and Beyond https://www.fool.com/investing/2023/12/24/prediction-bitcoin-will-reach-100000-in-2024/
Please note that I cannot provide any financial advice and recommend that you consult a financial advisor before making any investment decisions.
