Perplexity Online, an advanced AI competitor of OpenAI, has revealed its forecast for Bitcoin's year-end value. After analyzing multiple sources in real-time, the AI projects Bitcoin’s price to fall between $80,000 and $100,000 by the end of 2024. One key factor driving this bullish outlook is the expected shift in the Federal Reserve's monetary policy, as highlighted by Anthony Russo, head of brokerage solutions at TradeStation, who believes looser financial policies could propel Bitcoin to new heights.
While Perplexity’s forecast sparks optimism, other predictions present a more tempered outlook. LongForecast anticipates Bitcoin closing at $72,499, reflecting a 13.2% rise by December. Similarly, VanEck's analysis suggests the cryptocurrency will fluctuate between $65,000 and $70,000—still above current prices but with a more cautious tone. With Bitcoin currently trading at $62,000, it remains well-supported by its 50-week exponential moving average (1W 50-EMA) of $55,614, reinforcing its stability.
Some market analysts, including Alan Santana, Credible Crypto, and RLinda, take a bearish stance. They anticipate Bitcoin slipping to the $49,000–$55,000 range before regaining momentum and potentially climbing back to higher levels. Whether the coin follows this conservative path or achieves Perplexity’s ambitious forecast, traders are watching closely for Bitcoin’s next big move.
#10MTradersLeague #MemeCoinTrending #Write2Earn! #moonbix #DoYouHoldBNB
