Our experts have estimated the chances of Bitcoin reaching new ATH in the next two months
On the morning of March 14, 2024, bitcoin reached a record high of $73,666 with a capitalization of $1.45 trillion. At the moment, bitcoin only needs to rise in price by a few percent to reach a new high.
Bitcoin is trading slightly below its previous all-time high, suggesting that even a small boost to growth could lead to a renewal of the all-time high, and that could happen before the end of this year. Now the situation in the crypto market is frozen ahead of the US presidential election on November 5 and the next Fed meeting, but the overall investment climate looks rather optimistic.
Economic indicators indicating a gradual slowdown in inflation in the U.S. are fueling investors' hopes that the key rate will be lowered again at the November meeting of the U.S. Federal Reserve, which will increase interest in risky assets. Our experts note that pre-election promises by US presidential candidates to support cryptocurrencies also inspire optimism in the market.
Monthly statistics also speaks in favor of growth: after Thanksgiving in the U.S. and Black Friday up to the New Year, bitcoin predominantly showed growth on the background of increased consumption during the holidays. According to our analysts, this may also contribute to the growth of the exchange rate and the renewal of bitcoin's historical maximum already in 2024.
At the same time, the rate of Ethereum to bitcoin updated the minimum for 3.5 years. Analysts predict that altcoins may go up after bitcoin reaches at least $76 thousand. $BTC $ETH
