Bitcoin price predictions: How much more could the cryptocurrency rise in 2024?

Thinking about investing in the popular cryptocurrency? A recent report predicts that Bitcoin will reach a new all-time high in 2024.

It seems like Bitcoin (BTC) is anticipated to experience significant price fluctuations throughout 2024, according to the report from UK fintech firm Finder. The report suggests that Bitcoin could reach a new record high of $88,000 (€82,000) at some point during the year, before settling around $77,000 by the end of 2024.

The study, which involved input from 40 crypto industry specialists, forecasts an average peak price of $87,875 for Bitcoin in 2024, with some experts even suggesting it could climb as high as $200,000. However, there is also a possibility for Bitcoin to experience lows, with the average lowest price predicted to be $35,734 by the end of 2024, and some experts foreseeing it dropping as low as $20,000.

Given the volatility of the cryptocurrency market and the various factors influencing Bitcoin’s price movements, these predictions provide insights into potential scenarios but should be approached with caution as they are subject to change based on market dynamics and other external factors.

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