VanEck predicts record high for Bitcoin in late 2024

VanEck predicts Bitcoin will hit a new all-time high on Nov. 9, 2024, based on its observed three-year price cycle.

The statement was released at the Digital Asset Summit 2024 as this forecast is notably marked on the third anniversary of its previous record peak of $69,000.

VanEck’s prediction seems grounded in a pattern observed within Bitcoin’s historical price movements. The fund manager highlights a peculiar cyclical trend, noting that Bitcoin’s previous significant surge in November 2020 also occurred precisely three years following its substantial peak in November 2017. This observation suggests a triennial cycle of significant price movements for Bitcoin (BTC).

Image

Bitcoin cycle chart from Blockworks DASDespite VanEck’s prediction, it’s important to remember that the cryptocurrency market is notoriously volatile and influenced by many factors like regulation, technology changes, and investor behavior. This makes any prediction, even from established entities, uncertain.

As November 2024 nears, Bitcoin’s performance will be closely monitored to see if it follows the predicted pattern or diverges.

Esta página pode conter conteúdos de terceiros, que são fornecidos apenas para fins informativos (sem representações/garantias) e não devem ser considerados como uma aprovação dos seus pontos de vista pela Gate, nem como aconselhamento financeiro ou profissional. Consulte a Declaração de exoneração de responsabilidade para obter mais informações.
  • Recompensa
  • Comentar
  • Republicar
  • Partilhar
Comentar
0/400
Nenhum comentário
  • Fixar
Negocie cripto em qualquer lugar e a qualquer hora
qrCode
Digitalizar para transferir a aplicação Gate
Novidades
Português (Portugal)
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)