When is bitcoin expected to rise

Nexo: $100,000

With bitcoin hitting new highs, an ever-present question is … how high can bitcoin go? The tl;dr answer is: How high will bitcoin get Tether, the issuer of the stablecoin USDT is planning to invest $500 million in mining, while satellite imagery analysed by Forbes suggests Bhutan’s government is establishing a massive bitcoin mining operation in the foothills of the Himalayas.

How high willbitcoin go

"Bitcoin's potential to reach $80,000 in 2024 can be attributed to several factors," says Kadan Stadelmann, CTO of Komodo. "First, major companies and institutional investors showing growing interest is likely to drive demand. Second, the approval of spot ETFs mak more accessible than previous market cycles. Lastly, and most importantly, the 2024 halving will reduce the newly issued supply from 6.25 BTC per block to 3.125 BTC, creating a scarcity that tends to increase its value." Bitcoin Cash Price Prediction 2029 The projection for Bitcoin indicates that it will commence in January 2024 at $36,388.284, and by month-end, it will close at $45,094.959. Throughout January, the estimated maximum Bitcoin price is $45,876.928, while the minimum price is $31,196.311. For December 2024, the lowest anticipated Bitcoin price is $30,916.690, and the highest expected price is $45,465.720. The average Bitcoin price forecast for the end of 2024 is $36,372.576. Regarding the Bitcoin price prediction for 2025, the projected average price for January 2025 is $36,309.169. For December 2025, it is $35,157.835.

Bitcoin poised for a ‘major bull run’

22 January 2024Bitcoin gained +150 in 2023, with the Bitcoin ETFs and halving event causing great expectations. And several commentators — both inside and outside of the cryptocurrency industry — expect the rise to continue. Here are the latest Bitcoin forecast and price predictions for 2024 and beyond. Why have I been blocked? CoinDesk. "Bitcoin Gold: What to Know About the Blockchain's Next Split."

How high will bitcoin get

Ethereum hovered near $2,310 Friday, climbing from its overnight low of $2,268, but still down from its Jan. 12 high above $2,700 — its best level since May 2022. The No. 2 crypto jumped roughly 92% in 2023. Ethereum has trimmed its gains so far in 2024 to around 1.4%. Predictions for Bitcoin halving 2024 However, over a longer time frame, it is easier to see declines becoming embedded. Plenty of coins have fallen into and out of favour over the years. The recent experience of some NFT owners has shown that once traders decide to stop investing, things don’t go well for prices.

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