At what price and when to buy Bitcoin in 2024

Nobody can give the most accurate long-term Bitcoin forecast new distance 🤷‍♂️. But rough estimates based on technical analysis and risk factors converge. Most analysts believe that cryptocurrency will go up not only until the end of 2024, but also in the future ⬆️.

🔔 It’s difficult to answer the question “Is it worth buying Bitcoin now?” 🤔. You have a chance get qualified advice cryptanalyst. Consult online for free 👌. Figure out when is the best time to buy BTC to make sure you make money.

Show much is bitcoin worth in 2024

The fourth halving initially initiated an increase in cryptocurrency prices. But the trend did not last long. The bullish momentum 🐂 was hit by the risk 👊 of growing bearish threats 🐻. As a result, BTC sank below the psychological level of $60 thousand per piece.

At the same time, investors are not faced with the question “Will Bitcoin rise?” They all hope that the coin will continue to rise in price. This warms up 🔥 the interest of traders. They invest in BTC. The expected price of the world’s main cryptocurrency will reach $100 thousand by the end of the year.

According to the CoinGlass platform, during trading in April 2024, Bitcoin lost up to 14% of its value. This was the deepest drawdown since November 2022 🤦‍♂️.

Historical data also predicts: in May 2024, the main crypt will go down against the backdrop of 3-year indicators. This may indicate that there is an active 🤼‍♂️ confrontation between sellers and buyers.

🔔 Now they are asking $65 thousand for BTC. The coin’s performance continues to go up. So bears 🐻 failed to achieve their goal. They failed to keep the coin at a minimum psychological level.

How much will Bitcoin cost in 2024? 

There is a bearish trend in the Bitcoin ETF market. But in the US, bullish sentiment is still dominant in relation to the cryptocurrency itself 🐂.

Hodlers The first cryptocurrency in the world is expected when Bitcoin rises to $75 thousand. Against the background of such expectations, analysts continue to speculate 🤔 on whether BTC will grow to $100 thousand and higher or not.

🔔 Growth forecasts are supported not only by the “bullish” mood of traders. The coin showed a peak rally 🏎️ after halving. 2024 is considered an optimistic year for the entire industry. This also affects the growth of interest.

BTC cryptocurrency forecasts

The current support level for the world’s first crypt is $59 thousand. Resistance is fixed at $65 thousand. It is in this corridor that the coin has been trading for the last few weeks.

At the same time, upward breakthroughs appear more and more often 👆. They show that the bullish trend has not yet exhausted itself. The bears do not have enough influence to reduce the rate.

Should you buy Bitcoin in May 2024?

Analysts believe: a positive effect from halving will last at least until the end of May. They suggest following:

• 🖍️ for technical indicators,
• 🖍️ market sentiments.

If they continue to be positive, the rate will continue to rise.

At the same time, there is a risk from the “bears”. They can increase the pressure 🥊 on the coin. If they succeed, a better moment will appear. when to buy bitcoin. The bearish trend will not last long will be delayed. The coin will go up.

Experts 👔 expect: by the beginning of June 2024, the main crypt will be sold at $67 thousand. Some give more positive forecasts at $74 thousand. But they are possible only in the absence of pressure. In the worst case, the bears could lower the coin to the $51-60 thousand corridor.

BTC forecasts for 2024

Recently, the cryptocurrency market has received several new points of interest that have generated demand among investors:

•  🔎 The Hong Kong market has started offering BTC and ETH spot ETFs.
• 🔎 The American ETF market has received a significant influx of investors.
• 🔎 Historically halving has a positive impact on BTC within a year from the date of its implementation.
• 🔎 Interest rate reduction is expected. This will increase risk appetite and increase demand for crypto assets.

If all these factors work out in favor of Bitcoin, by the end of the year they could ask for up to $110 thousand. If the coin is plagued by failures, the drawdown could reach $48 thousand. There is a neutral forecast. According to him, the coin will remain at $67 thousand.

🔔 The question arises: “Is it worth buying Bitcoin today if they are asking $66 thousand for it?” If you are very lucky, there will be a profit of one and a half. In the worst case – 15-17% losses. If the average forecast comes true, the profit will be about 1.5%. Not a very attractive scenario for such a risky financial asset 😔.

Analysts’ forecasts for 2024

«Binance“believes: by the end of 2024, the main crypt of the planet will be sold at $76.4 thousand per piece. This is the most conservative analyst estimate. Crypto exchange specialists do not hope that the coin will grow much.

The Changelly portal believes that Bitcoin will begin to rise against the US dollar 🏹. The minimum expected price is $97.8 thousand. The most positive option is $113.1 thousand.

The LongForecast analytical department is confident that the coin will grow. And fast. If the pace continues until the end of 2024, we can expect quotes at $82.9 thousand.

The Coin Price Forecast web resource is extremely optimistic about Bitcoin. In his opinion, in the best case, they will ask for up to $154.7 thousand for cryptocurrency.

🔔 BitcoinWisdom’s forecast is no less optimistic. According to the organization’s analysts, the lower price point is $145.3 thousand. ⬇️. Upper — $ 181.7 thousand. ⬆️.

Is it worth buying Bitcoin now?

The prospects for BTC are good. Moreover, both over a short distance and with long-term investments.

Now there is a struggle 🥊 between “bears” and “bulls”. Apparently, the latter will win. This will not be prevented even by the difficulties caused by halving, after which the cost of production almost doubled due to a reduction in miners’ remuneration by 50%.

Large players are paying more and more attention to the market. Tolerance for cryptocurrency investments in general is growing. The same Robert Kiyosaki:

• 🤛 predicts an imminent collapse of the dollar;
• 🤛 encourages you to stock up on silver, gold, and bitcoin as more stable and safe assets.

The emergence of cryptocurrency ETFs adds even more interest to BTC. The main thing is that miners are interested in the growth of quotes. They need to update equipment and optimize processes.

Some small miners will leave the market 🚪. They will all push the cryptocurrency up in order to maintain their income.

The bears have little leverage. Even changes in the key rate and Fed reports do not put so much pressure on Bitcoin.

🔔 It definitely makes sense to invest in BTC. And right now, when it is trading at $60–66 thousand. Profit can be made by the end of May 2024. If you wait until the end of the year, the profit will be almost one and a half times. These are average ratings. If the most optimistic scenarios come true, the main crypto will double in price 🙆‍♂️.

How to buy Bitcoin profitably

The best place to buy BTC is on cryptocurrency exchanges. It is as safe as possible to make transactions there. Beginners should carefully study the rules and conditions so as not to send coins to scammers.

In addition, crypto exchanges offer easy entry via fiat. It’s convenient 👌. There is no need to contact dubious exchangers.

It is better to store cryptocurrency in a cold wallet to minimize risks. Especially if you plan to keep the coins for a long time.