• Home
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Team
  • Contact
Thursday, May 15, 2025
FinCurrency
No Result
View All Result
  • Home
  • News
  • Finance
  • Economy
  • Crypto
  • Home
  • News
  • Finance
  • Economy
  • Crypto
No Result
View All Result
FinCurrency
No Result
View All Result

How High Might BTC Reach by Year-End?

Andras Crow-Hreidar by Andras Crow-Hreidar
October 31, 2024
in Crypto, News
Reading Time: 2 mins read
A A
0
How High Might BTC Reach by Year-End?
0
SHARES
0
VIEWS
FacebookTweetPinShareShare

Michaël van de Poppe, a renowned cryptocurrency analyst, has recently shared an optimistic outlook on Bitcoin’s potential price movements. His insights suggest that Bitcoin is on the cusp of retesting its all-time high (ATH) in the coming weeks, setting the stage for substantial price gains. Could Bitcoin reach the $100,000 mark by the end of this year? Let’s delve deeper into these exciting predictions.

Bitcoin to Hit $90k-$100k in December

In a recent social media post, van de Poppe expressed his confidence in Bitcoin’s upward trajectory. According to his analysis, Bitcoin has taken less than four weeks to approach its ATH, sparking curiosity about future developments. He anticipates that Bitcoin could reach $80,000 by November and potentially climb to between $90,000 and $100,000 in December. Additionally, he foresees altcoins significantly outperforming Bitcoin as yields are expected to decrease.

blockdag 70m

Key Price Levels to Watch

As we move into November 2024, Bitcoin’s price action is at a pivotal juncture. Analysts are keenly observing key price levels, with the $74,500 to $75,500 range likely acting as resistance if Bitcoin approaches or surpasses it. If Bitcoin continues its ascent, anticipated support levels range from $71,500 to $72,000.

There is also potential for a surge toward the $77,000 to $80,000 range, contingent on whether $73,800 can be transformed into a support level. Monitoring these critical price points will be crucial for understanding Bitcoin’s short-term trajectory. Furthermore, van de Poppe noted that the recent dip in Bitcoin’s price is likely over, as the market transitions into a new macroeconomic phase influenced by significant PMI data. He remains optimistic that Bitcoin will test its ATH within two to four weeks, reflecting a bullish outlook for both Bitcoin and altcoins in the coming months.

BTC Current Market Sentiment

Bitcoin is currently experiencing a notable bullish phase, primarily driven by the success of Spot ETFs introduced earlier this year. Since the approval of Bitcoin ETFs in early 2024, the market has seen impressive growth. U.S. spot ETFs are projected to hold 1 million BTC by next Wednesday, with forecasts suggesting they could even surpass Satoshi Nakamoto’s total of 1.1 million BTC by December. Bloomberg Analyst Eric Balchunas has highlighted that U.S. Bitcoin ETFs are currently acquiring approximately 17,000 BTC per week, already exceeding Binance’s total BTC holdings.

According to van de Poppe, December could witness a significant rise in Bitcoin’s price. The crypto community eagerly watches to see if Bitcoin aligns with van de Poppe’s predictions. The upcoming months will be crucial in determining the accuracy of these forecasts and the potential for Bitcoin’s continued ascent.

Tags: BitcoinPrice Analysis
Previous Post

Bitcoin ETFs Could Cross 1 Million BTC Today

Next Post

XRP Price Faces Support Test: Is a Rebound on The Horizon?

Andras Crow-Hreidar

Andras Crow-Hreidar

Hi there, my name is András and I'm a business and finance journalist living in Norway. My passion lies in uncovering the latest stories in the world of finance and delivering them to my readers in a way that's clear and engaging. I cover a wide range of topics in the finance world, including cryptocurrencies, which I believe have the potential to transform the way we interact with money and financial systems.As a journalist, I'm committed to providing my readers with accurate and reliable reporting. I believe that access to high-quality information is essential for making informed decisions, whether it's about personal finances or investments. When I'm not writing about finance, I enjoy a variety of hobbies and interests.

Next Post
XRP Price Faces Support Test: Is a Rebound on The Horizon?

XRP Price Faces Support Test: Is a Rebound on The Horizon?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Popular News

  • How BlockDAG’s Community-First Strategy Raised $68.3M in Presale; Cardano To Roll out New Update & Solana Price Prediction Bullish

    How BlockDAG’s Community-First Strategy Raised $68.3M in Presale; Cardano To Roll out New Update & Solana Price Prediction Bullish

    0 shares
    Share 0 Tweet 0
  • Top 10 Altcoins Under $1 to Invest in 2025

    0 shares
    Share 0 Tweet 0
  • Alex Mashinsky Net Worth: From Tech Pioneer to Legal Battle

    0 shares
    Share 0 Tweet 0
  • How to Earn Passive Income? Embrace the Future of Passive Income and Earn 20% Instant USDT with Caged Beasts Coin

    0 shares
    Share 0 Tweet 0
  • Vanguard Routing Number: How to Find and Use It

    0 shares
    Share 0 Tweet 0

Recent News

$12k Void Opens Up Possibility Of Crash Toward $75,000

$12k Void Opens Up Possibility Of Crash Toward $75,000

January 11, 2025
Phishing, Fake Mining Scams, and $474K Loss in One Week

Phishing, Fake Mining Scams, and $474K Loss in One Week

January 11, 2025
3 kleine crypto’s met potentie

3 kleine crypto’s met potentie

January 11, 2025
Unbelievable 1000x Return in Just 12 Hours!

Crypto Whale Bags $4.9M in Profit with Solana’s AI Meme Coin

January 11, 2025
FinCurrency Logo White Mode Retina Mobile

FinCurrency is a user-friendly platform that stands out as a unique source where our strong team of experienced and academically qualified writers, who are experts in their fields, analyze current issues and global affairs related to the finance and crypto world in an enjoyable and non-technical approach.

$12k Void Opens Up Possibility Of Crash Toward $75,000

$12k Void Opens Up Possibility Of Crash Toward $75,000

January 11, 2025
Phishing, Fake Mining Scams, and $474K Loss in One Week

Phishing, Fake Mining Scams, and $474K Loss in One Week

January 11, 2025
3 kleine crypto’s met potentie

3 kleine crypto’s met potentie

January 11, 2025
Unbelievable 1000x Return in Just 12 Hours!

Crypto Whale Bags $4.9M in Profit with Solana’s AI Meme Coin

January 11, 2025

WARNING:

The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.
Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

  • Home
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Team
  • Contact

© 2024 FinCurrency - Global News

No Result
View All Result
  • Home
  • News
  • Economy
  • Finance
  • Crypto
  • Technology
  • Terms and Conditions
  • Contact

© 2024 FinCurrency - Global News

Banner 1
Banner 2
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Terms and Conditions.