Bitcoin Price Forecast for 2024 and Beyond: The Top 5 Predictions

Crypto News– Bitcoin price forecast for 2024 and beyond: Bitcoin (BTC) is currently trading at $34,771, maintaining its position near the highest levels seen in the past 18 months. This has sparked a wave of bullish predictions regarding how far the bull market can extend and how quickly it may progress.

Bitcoin Price Forecast for 2024 and Beyond: The Top 5 Predictions

When it comes to anticipating Bitcoin’s next moves, the range of possibilities is quite diverse, spanning from a potential crash to $20,000 to reaching six figures in just a matter of months. November has traditionally been one of the most volatile months for Bitcoin. Over the past month, the mood among crypto traders and analysts has improved significantly, thanks to the nearly 30% gains witnessed during “Uptober.”

In light of these developments, let’s take a closer look at five of the most popular price targets for Bitcoin in 2024 and beyond. While the Stock-to-Flow model may not have materialized as expected, the possibility of Bitcoin reaching $250,000 is still within the realm of possibility. The cryptocurrency market is known for its rapid and unexpected movements, and as we approach 2024, with less than two months left, there is ample room for fresh price volatility in the world of Bitcoin.

Some experts even predict that before the end of the year, BTC/USD could rise by another 30%, surpassing its current value. This particular forecast comes from Matrixport, a cryptocurrency trading firm co-founded by Jihan Wu, who is also one of the co-founders of the Bitcoin mining giant Bitmain.

BitQuant: Achieving a New All-Time High Before the Halving, Envisioning 250,000 Dollars Post-Halving

For many Bitcoin enthusiasts, the halving event is a critical juncture in every Bitcoin price cycle. However, a well-known commentator has a different perspective, suggesting that new all-time highs will be achieved even before the halving.

In September, BitQuant made a bold prediction, asserting that BTC/USD would surpass its current peak of $69,000 before April 2024. These forecasts, including the all-time high and the post-halving target of $250,000, were based on Elliott Wave charting, drawing on Bitcoin’s historical price behavior. BitQuant did acknowledge the likelihood of four “pullbacks” occurring on the journey towards the quarter-million dollar milestone.

He elaborated, stating, ‘There will be one pullback before reaching a new all-time high, followed by another pullback at around $125,000. Furthermore, two more pullbacks are anticipated after the halving, although they are not illustrated in this chart.’