Will Bitcoin Cross $100,000 in 2024?
Bitcoin's price prediction for 2024 varies, but here are some points to consider ¹:
- *Price Range*: The predicted price range for Bitcoin in 2024 is between $75,000 to $78,000.
- *Bullish Trend*: Bitcoin has displayed a minor bull run in the first few weeks of 2024, and the bulls are expected to reclaim their dominance and maintain a strong ascending trend until the end of the year.
- *Halving Event*: The recent halving occurred in April 2024, which is expected to have a positive impact on the BTC price in the long-term.
- *Market Dynamics*: The market dynamics have altered, and the bulls are not displaying their strength, which could have revived an upswing in Bitcoin price above $60,000.
- *Technical Analysis*: The volume remains within an average range, which indicates that the bulls are vigilant about the current Bitcoin price action. The technicals suggest Bitcoin price may soon rise above the captivated zone, which could revamp a fine ascending trend back above the pivotal zone.
- *Price Prediction 2025*: The bulls are expected to remain dominant since the start of the year, which could maintain a steep ascending trend. The price may quickly head towards $80,000 without any bearish interference and reach levels above $82,000 before the end of the year’s first half. During the second half, the BTC price is expected to trigger a strong ascending trend, as the bull run could intensify and reach $100,000.
Keep in mind that these are predictions and not a guarantee. Would you like to know more about Bitcoin?
