2024

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-predictions-for-2024-by-two-experts/" data-wpel-link="internal">Bitcoin Price Predictions for 2024 by Two Experts</a><br></p>
<p style="text-align: justify">Following the SEC’s green light for multiple <strong>spot <a href="https://en.coin-turk.com/bitcoin-expected-to-undergo-correction-warns-analyst/" data-wpel-link="internal">Bitcoin</a> ETFs</strong> on January 10, Bitcoin’s price continues its correction cycle as many had anticipated. Nonetheless, with the upcoming halving of block rewards this year, a rise in the value of the largest cryptocurrency is expected. Here are Bitcoin price predictions for 2024 from two experts.</p> 
<h2 style="text-align: justify" id="strong-markus-thielen-btc-will-reach-70-000-by-year-s-end-strong"><strong>Markus Thielen: BTC Will Reach $70,000 by Year’s End</strong></h2> 
<p style="text-align: justify">Markus Thielen from the digital asset research firm 10X Research recently forecasted that Bitcoin’s price will average $70,000 before the end of the year.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-311652" src="https://coin-turk.com/wp-content/uploads/2024/02/BTC-Bitcoin-2024.jpeg" alt="" width="1280" height="720"></p> 
<p style="text-align: justify">In a recent investor note, Thielen stated, “The macro environment, monetary developments, the US election cycle, and the increasing demand from TradFi investors allocating funds to spot Bitcoin ETFs make a Bitcoin rally to $70,000 seem reasonable.”</p> 
<h2 style="text-align: justify" id="strong-decentrader-bitcoin-to-drop-to-37-800-with-block-reward-halving-strong"><strong>DecenTrader: Bitcoin to Drop to $37,800 with Block Reward Halving</strong></h2> 
<p style="text-align: justify">The crypto market intelligence platform DecenTrader recently predicted that Bitcoin’s spot price will melt by 10 percent and drop to as low as $37,800 before finding support from the block reward halving. In a recent blog post, DecenTrader noted, “This means that Bitcoin has about 30 days from now to go through a correction phase before encountering the anticipated FOMO demand.”</p> 
<p style="text-align: justify">However, DecenTrader also mentioned that the outlook for Bitcoin in 2024 continues to be positive.</p> 
<h2 style="text-align: justify" id="strong-buy-during-price-dips-strong"><strong>“Buy During Price Dips”</strong></h2> 
<p style="text-align: justify">Buying during price dips is an important accumulation strategy for marketable assets such as stocks, ETFs, and cryptocurrencies. In an article penned by Richard Best, a 30-year veteran of the <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">financial</a> services industry on Investopedia, it is recommended to buy during price dips, stating:</p> 
<blockquote> 
 <p style="text-align: justify">Try buying instead of selling when prices fall. Accumulating more shares of stocks even as they fall ensures dollar-cost averaging and allows you to build your portfolio with a lower cost basis.</p> 
</blockquote> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-price-predictions-for-2024-by-two-experts/" data-wpel-link="internal">Bitcoin Price Predictions for 2024 by Two Experts</a></h5>

Bitcoin Price Predictions for 2024 by Two Experts

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