Based on the information in the image and the current data of Bitcoin ($BTC ), I will present an analysis and prediction of BTC's growth over the next 2 years:
Analysis and evaluation
Current market situation:
Market capitalization reaches 1.96 trillion USD, demonstrating strength and dominating position (58.95%) in the total cryptocurrency market capitalization.
The circulating supply reaches 19.79 million BTC out of a maximum supply of 21 million $BTC , leaving very little available supply to mine, creating scarcity.
Potential growth factors:
Bitcoin has reached a new all-time high of 99,655 USD in 2024, proving that investment appeal remains strong.
The upcoming halving event in 2024 will reduce the supply of newly mined BTC, creating upward price pressure.
The increasing use of BTC for payments and value storage, along with interest from large financial institutions, is the main driver of growth.
Forecast for the next 2 years:
Short term (6-12 months): $BTC may adjust and accumulate within the range of 85,000 - 105,000 USD, depending on the global economic situation and capital flow from institutional investors.
Long term (1-2 years): With scarcity factors and growing demand, BTC could reach 120,000 - 150,000 USD if economic conditions stabilize and the cryptocurrency market continues to develop.
Risks to consider:
High volatility: BTC's price is still strongly influenced by economic factors, monetary policy, and market fluctuations.
Legal regulations: Changes in laws or restrictions on the use of cryptocurrencies could negatively affect BTC's price.
Note: This is just a forecast based on current data and is not investment advice.