CandleFocus

Bitcoin to Hit New All-Time Highs in 2024? Market Survey Says Yes

According to a market survey, there is a belief in the crypto community that Bitcoin may reach a new all-time high (ATH) in 2024. The survey suggests a 72% chance of this happening. Historical trends support this expectation, as Bitcoin has exhibited positive returns in Q4 during halving years. Data shows that Bitcoin has experienced strong fourth-quarter returns in previous halving years, with gains of 58% and 168% in 2016 and 2020, respectively. However, it is unknown whether this trend will continue. Currently, Bitcoin reached a nearly three-month high of $68,399 but the cryptocurrency market is trading in the red as investors await new economic data.

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