The outlook for Bitcoin’s price towards the end of 2024 is optimistic, with analysts and experts predicting significant growth in the coming months. Although estimates vary, there is a general consensus that Bitcoin could reach new all-time highs driven by factors such as institutional adoption, the upcoming halving, and global inflation.
Anyway, we asked artificial intelligence about its predictions and projections and this was its response.
What will be the price of Bitcoin at the end of 2024, according to artificial intelligence?
A thorough analysis of Bitcoin’s historical trends suggests that the price could end the year in a range between $72,190 and $85,587. Specifically, a detailed study indicates that the maximum price could reach $77,806 by December 2024, while the minimum would be $65,628.
These projections are based on cyclical growth patterns observed in the past, where strong rallies are followed by corrections leading to new highs. Bitcoin's growing maturity and global adoption contribute to stabilizing the long-term bullish trend.
Key drivers
Several key elements point to a bright future for Bitcoin in 2024:
- Institutional adoption: The growing involvement of large corporations such as MicroStrategy, Tesla, and PayPal is legitimizing Bitcoin as an investment asset. The recent approval of Bitcoin spot ETFs adds liquidity to the ecosystem.
