Bitcoin price predictions for the end of 2024 suggest an optimistic scenario, but with high volatility. Here are some key points:
Analyst Price Targets:
Some analysts believe that Bitcoin could reach as high as $$ 100,000 due to factors such as increased institutional demand and the recent interest in Bitcoin ETFs in the US. Michael Saylor, a prominent Bitcoin investor, is betting on this mark as early as December, driven by favorable political and economic factors【24】【25】.
Other more conservative projections point to prices between $$ 96,000 and $$ 97,000 by the end of the year【26】【27】. Influencing Factors:
The halving event that took place in April 2024 reduced the issuance of new Bitcoins, creating an expectation of growth in the medium and long term.
The possible deregulation of the crypto market in the US, promoted by a more favorable political scenario, may continue to attract large investors【25】【26】.
Risks and Volatility:
Despite the positive forecasts, Bitcoin remains susceptible to global events and changes in investors' risk appetite. Analysts indicate that immediate support around US$ 94.000 should be monitored to avoid sudden drops【27】.
