Bitcoin (BTC) may reach a bullish price of $89,916 soon, with the approval of a spot Bitcoin exchange-traded fund (ETF) gaining attention from investors.
The upcoming Bitcoin halving, scheduled for April 2024, will see a 50% decrease in mining rewards. Technical analysis indicators show bullish price predictions for 2024 ranging from $74,383 to $90,387.
If Bitcoin (BTC) maintains an active bullish trend, it may rally to reach $89,916 soon. Bearish price predictions for 2024 range from $50,633 to $64,976.
Price comparisons of Bitcoin (BTC) with Ethereum (ETH) show similar price trajectories.
Predictions for Bitcoin (BTC) prices in the years 2025, 2026, 2027, 2028, 2029, and 2030 range from $46,987 to $230,600.
The analysis takes into account technical indicators such as Relative Volume (RVOL), Moving Average (MA), Relative Strength Index (RSI), and Average Directional Index (ADX).
BTC has a fixed supply cap of 21 million BTC, with less than 1.35 million BTC remaining to be mined as of February 2024.
Bitcoin (BTC) is the original decentralized digital currency, created in 2009 by Satoshi Nakamoto, introducing the concept of blockchain technology.
Bitcoin (BTC) adoption has expanded into various sectors, from retail to education, and the introduction of real-world Bitcoin ATMs, becoming a dominant force in the global financial landscape.
Bitcoin (BTC) hit its current all-time high (ATH) of $73,750.07 on March 14, 2024, and its all-time low (ATL) of $0.04865 on July 15, 2010.