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Bitcoin Price Prediction: How High Can BTC Price Surge by DEC-2024?

  • Bitcoin price rallied over 8 percent last week, closing above $63k and retesting the crucial resistance level above $64k.
  • Whale investors have increased their Bitcoin holdings, with the supply on centralized exchanges dropping to multi-year lows.
  • Bitcoin's price is expected to reach a new all-time high in Q4 2024, possibly closing the year at around $100k.
  • The weekly Relative Strength Index (RSI) has rebounded above 50 percent, indicating bullish control.

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