The article discusses the price action of Bitcoin over the past year. It mentions that Bitcoin has seen a significant increase of 118.2% in the past year, with the price rising from around $42,280 to $56,318. The market has shown a rise of at least 33.7% this year. The article describes the price movements and changes in different months, noting both positive and negative changes. It mentions that historically, the third quarter has been unfavorable for Bitcoin, but the fourth quarter has been more positive. The article also provides some technical analysis, such as the RSI and SMA levels. Overall, the article suggests that there is an expectation of strong positive momentum for Bitcoin in the final quarter of 2024.
- Content Editor ( coinpedia.org )
- 2024-09-11
Bitcoin Price Today: After 118% Surge, What’s Next for BTC Price in 2024?