Bitcoin (BTC), has been having an amazing year in 2024. The original cryptocurrency, which had previously reached an all-time-high of $69 044, has now surpassed $73,000. BTC’s current price is $73,181.50. The daily chart shows a rise of 1.7%, the weekly chart a 9.8%, the 14-day chart reflects a 25.7% increase, while the monthly charts show 57.5%. BTC has also seen a 227.7% increase in price since March 2023.
Bitcoin’s (BTC), rally in this past month, was most likely a result of increased flows into BTC ETF products (Exchange Traded Funds). US SEC approved 11 BTC spot ETFs this January. This was a landmark move.
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The latest spike in price could have been a result of the spot BTC ETF’s inflows, and anticipation for another bull run fueled by BTC halving in April. Analysts consider asset halvings to be bullish, as it reduces the supply.
What is the maximum Bitcoin (BTC?) that can be reached?
CoinCodex estimates that BTC is expected to continue fluctuating around $73,000 throughout the month of March and will hit $73,134 by Mar. 31. 31, 2024. The platform predicts that BTC will break the $100,000 mark early in April. It is expected to reach $91,808 by Apr. 10, 2024. To reach $91,808 at current levels, you would see a 25.4% increase.
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As per ChangellyBTC is expected to continue on its upward trajectory into April. BTC is expected to reach $74,588 before the month ends and then $92,995 at April. 10, 2024. Changelly predicts that BTC prices will reach $113,151.68 in this year, a level which is expected to surpass $100,000 by 2024. To reach $113.151.68, from the current level would represent a 54.6% increase.
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Source: watcher.guru
