đđđ By Halloween 2024, the cryptocurrency market may show high volatility with a potential increase in the value of Bitcoin. Analysts expect the price of Bitcoin to reach between $65,000 and $85,000, given a number of favorable factors: the impact of the April halving, increasing institutional interest and the launch of exchange-traded funds (ETFs) for Bitcoin.
đŸIn particular, October is historically a favorable month for cryptocurrencies due to the "Uptober" effect, when the market shows positive dynamics. Against the background of the recovery of the price after the initial volatility at the beginning of the month, experts suggest that by the end of October, Bitcoin may stabilize in the range of $70,000-$72,000 or even exceed these values, approaching the record values ââof $76,000.
đ€However, analysts also warn against possible corrections against the background of market instability and geopolitical risks. Investors should closely monitor developments to avoid unexpected price fluctuations.
đ»This forecast confirms the general trend of growth of the cryptocurrency market in the fall, however, given its high unpredictability, you should be careful with investment decisions.
