Bitcoin explosion! The crypto surpasses $45,000!
The price of bitcoin has witnessed a spectacular rebound in recent days, surpassing $45,000. Experts believe that this bullish trend will continue into 2024. But what price can BTC really reach this year?
The factors boosting the price of bitcoin
The crypto market experienced a real shock this week with the sudden surge in the price of bitcoin. Numerous positive signals suggest that this bullish trend shows no signs of stopping. The upcoming Chinese New Year, a historically favorable event for cryptocurrencies, adds to the prevailing optimism.
Several elements explain the spectacular rebound of BTC in recent days. First, the successful launch of the first Bitcoin ETFs in the United States has smoothed its adoption by institutional investors. As a result, ETFs have already attracted more than $25 billion in assets under management.
Secondly, Bitcoin’s resilience even during difficult periods shows that the support at $40,000 is strong. Finally, the approach of the Chinese New Year, historically a prosperous event for crypto-assets, fuels optimism. Thus, bitcoin could continue to rise in the coming days.
Price perspectives for BTC in 2024
Although the short-term upside potential is limited, Bitcoin could reach new heights in 2024.
In the short term, analysts estimate that BTC should maintain above $44,500 before targeting $48,000. Some more enthusiastic experts even mention a possible return to the $50,000 mark as the Chinese New Year approaches.
But the real explosion could come later in the year. Indeed, the famous “halving,” which cuts the reward for Bitcoin miners in half, is approaching in 2024. This event, which occurs only every four years, has historically boosted the price.
Many enthusiasts therefore predict that Bitcoin could surpass its historical record of $68,000 and even touch $100,000 by the end of 2024, driven by the increased scarcity of new BTC issued.
After a few gloomy weeks, Bitcoin is showing extremely positive signs again and surpassing $45,000. This revives the interest of crypto investors. While many uncertainties remain, it seems that crypto has a strong potential for growth in 2024, with the famous halving in sight. The coming months are therefore exciting for observing just how far BTC can really go.
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Le monde évolue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m'intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l'optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.