❓Will the bull run for Bitcoin in the rest of 2024 and so on ⁉️
The prospects for Bitcoin's bull runs in the remainder of 2024 are mixed and influenced by various factors.
⭕ Here's a detailed analysis of the current market trends and predictions:
✅ Short-term Forecast (2024)
Current Market Trend: The Bitcoin market is experiencing a correction, with a high probability of the price declining to support levels of $54,000 and $50,800 in the coming week.
Optimistic Scenario: A price recovery to $61,000 is also possible.
✅ Medium-term Forecast (2024-2025)
Bullish Momentum: Analysts anticipate strong bullish momentum towards the latter part of 2024, aiming for peak values of the year. This could lead to an initial surge beyond $62,000, with bears showing limited activity initially.
✳️ Consolidation and Growth: As the year progresses, there is an expectation of heightened buying interest and a significant increase in buying volume. The bulls are poised to maintain a firm grip on the upward momentum, fostering a strong and consistent ascending trend.
✅ Long-term Forecast (2025-2030)
Price Projections: Various analysts predict significant appreciation driven by global adoption, technological advancements, and supportive regulatory frameworks. Long-term predictions range from $100,000 to $1 million by 2040.
Potential Highest and Lowest Prices: In a bullish scenario, Bitcoin's price could reach unprecedented highs in the next five years, potentially surpassing $150,000 to $300,000 by 2029. Conversely, in a bearish scenario, the price could fall to $20,000-$30,000 by 2029.
