CandleFocus Will Bitcoin surpass $100,000 by 2024 in view of the American elections?
2024-10-16
Author: Content Editor
The article discusses the potential price trend of Bitcoin at the end of the year and explores whether there is a market edge that can be exploited through systematic trading. Historically, the fourth quarter has been the best performing quarter for Bitcoin, with October and November typically showing positive returns. However, the article argues that the historical data may not be statistically significant enough to develop a trading strategy. It also highlights factors such as the outcome of the American presidential elections, macroeconomic conditions, and geopolitical instability that could influence Bitcoin's price. While there is an expectation of a new all-time high by the end of the year, it emphasizes that the market will ultimately dictate Bitcoin's true trend.
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