In #2024, the next Bitcoin halving is scheduled to take place in May. It can update the maximum price of Bitcoin and allow holders to make high profits. As of today, data from Cointelegraph Markets Pro and TradingView shows a great start to the week, with the Bitcoin price hovering above $30,000. What is the forecast for Bitcoin after the halving of 2024, we will understand in the article.
What could the price of Bitcoin be after the 2024 halving? Will the cryptocurrency be able to update its maximum value or not? You can make a Bitcoin forecast for that period.
Bitcoin forecast after halving in 2024
You should pay attention to the similarity of Bitcoin's movement between cycles. The history of Bitcoin movement shows a high probability of updating the maximum after the halving in 2024.
An increase in the price of Bitcoin may be facilitated by the accelerating depreciation of the US dollar, as well as high inflation in both the US and the EU. They could be additional catalysts to push Bitcoin's value above $69,000.
The actions of American and European regulators putting pressure on the crypto market will also help in increasing the price of Bitcoin. Investors will increasingly turn to BTC as a profitable savings asset.
If the US authorities continue to print dollars to stop problems, then even the most daring forecasts may come true, indicating that the price of Bitcoin could reach $1 million!
However, the price of Bitcoin may not reach its historical maximum; this scenario should also be accepted.
Bitcoin price may not reach all-time high after 2024 halving
#
Bitcoin price may not reach all-time high after 2024 halving
It is also worth considering that the Bitcoin forecast after the halving may not be as favorable as expected. There is a possibility that the cryptocurrency will not be able to update its maximum after the halving.
It is likely that the Bitcoin rate will be between $50,000 and $68,000. After all, the situation in the global economy leaves much to be desired, as indicated in the reports of the IMF and other financial institutions. Bitcoin is affected by many political and economic events, and not all of them are positive.
We can only wait to see what will happen to the price of Bitcoin after the halving in 2024 - whether it will update the maximum or not!
