#Bitcoin❗ Price Prediction: What’s Next for BTC in 2024?

Bitcoin (BTC), the most dominant cryptocurrency, continues to capture global attention due to its volatile price movements. As we approach 2024, many traders and investors are eager to understand what lies ahead for $BTC

Short-Term Forecast:

In the short term, Bitcoin is expected to experience fluctuations due to macroeconomic factors like inflation, interest rate changes, and regulatory decisions. With increasing institutional adoption, BTC may see upward pressure, potentially driving the price towards the $40,000-$50,000 range by mid-2024.

Long-Term Prediction:

Looking further ahead, Bitcoin's 2024 halving event could play a major role in boosting its price. Historically, halving events have reduced the mining reward, leading to reduced supply. This often results in a price surge within 12 to 18 months after the halving. Some analysts predict that Bitcoin could cross the $100,000 mark in the next bull cycle if demand continues to rise.