Here are some predictions for the cryptocurrency market for 2024 based on the #cryptonews search results:
At block 740,000 in the blockchain, the following #BTC halving is scheduled for April 2024. Each block will now pay miners 3.125 BTC instead of the current 6.25 BTC after the impending halving.
Due to a more upbeat outlook, Standard Chartered has increased its 2024 #bitcoin price prediction to $120,000.
Thanks to the halving event, Techopedia forecasts that the average price of Bitcoin will increase to $65,000 in 2024 and then settle to $75,000 in 2025.
The estimated #trading average for February 2024, calculated by cryptocurrency experts using the price of Bitcoin in 2023, is $29,447.90. The lowest and peak $BTC rates might be $27,389.95 and $29,113.09
According to ChatGPT, an optimistic scenario could see Bitcoin reach anywhere from $50,000 to $500,000 or even higher by the end of 2024. By the end of 2024, the price of Bitcoin may, in a pessimistic scenario, fall to between $10,000 and $50,000 or even lower.
Before the 2024 halving, according to BitQuant, Bitcoin will reach a new record high, and after the next halving cycle starts, it will hit $250,000 per coin.
The markets for #cryptocurrency are extremely volatile and subject to large price swings, so any trading decisions should be made with caution and only after careful research. These forecasts are also based on a number of assumptions and factors, so they might not come true.
