Today, the price of Bitcoin is experiencing fluctuations as it is currently trading at around $56,700 USD, down about 2.5% over the past 24 hours. Analysts expect the price of Bitcoin to range between $60,250 and $68,150 during July 2024. Looking towards the end of the year, there are expectations that the price of Bitcoin will reach around $90,000, supported by developments in cryptocurrency infrastructure and increasing institutional adoption.

In addition, there are other factors such as the potential approval of Bitcoin exchange-traded funds and advances in Layer 2 technology, which may contribute to an increase in the price of Bitcoin in the short and medium term.