Bitcoin (BTC) is expected to see continued volatility through the remainder of 2024, but many analysts predict a bullish trend by the year's end. The price forecast for October 2024 places Bitcoin between $61,731 and $82,520, with the potential for significant gains if market sentiment remains positive. The anticipated average price for 2024 could be around $69,365. By November, there could be more dramatic fluctuations, with Bitcoin potentially ranging from $57,152 to $91,295, depending on market conditions and investor sentiment.
Factors influencing these predictions include Bitcoin's halving event in 2024, which reduces supply and can drive prices up, as well as increasing institutional interest and regulatory developments, such as the approval of Bitcoin ETFs.
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