As of late November 2024, Bitcoin (BTC) is currently trading at a high of $98,000, with further upside expected. Technical indicators suggest that the positive trend will continue, with Bitcoin likely to surpass $100,000 before the end of the year, with resistance at $99,213 and support at $94,830. Current market movements reflect optimism supported by institutional demand and increased activity on the network.
Short and long term forecasts:
1. November - December 2024: Prices are expected to range between $76,000 and $126,000, with bullish scenarios that could reach $135,000 if the momentum continues.
2. 2025 and beyond: Under the influence of the upcoming “halving,” the price is expected to exceed $140,000 by mid-year, and could reach $249,000 in November 2025 as demand continues to grow.
Influencing factors:
The next halving in April 2024 will reduce supply, supporting higher prices in the long term.
Continued institutional demand and increased adoption of Bitcoin as a safe investment asset is encouraging growth.
Continued volatility keeps opportunities for price corrections, which makes it imperative for investors to be cautious.
If you are interested in investing, it is advisable to follow daily news and technical indicators, especially as major events approach.
I believe that a strong competitor will appear out of nowhere to confront him.
#MarketDownturn #EarnFreeCrypto2024 $BTC
