Bitcoin Forecast, 30-09-2024

Greetings to you on the crypto site. My name is Viktor and today I will share my opinion about #bitcoin, #btc-usdt, using the TradingView service, here Bitcoin Forecast for the Week of 30-09-2024

Bitcoin Forecast

Bitcoin in Focus: Analytics, News and Predictions for 2024

Hello, friends! Today, September 30, 2024, we consider the current situation around Bitcoin. Let’s start with the news background and technical analysis. This year has already been an important one for the crypto market with key events like the halving. As you know, each halving usually leads to an increase in the price of Bitcoin, but this increase does not happen immediately. According to the statistics of the past years, the real growth of the rate begins in the fall or winter, so it is important to be patient.

Another important event is the activity of ETF funds, which buy Bitcoin, supporting its rate. Although government institutions in countries such as Germany and the US have sold large volumes of Bitcoin, the price remains stable thanks to buying by large institutions, including MicroStrategy. In addition, a positive signal from the Federal Reserve System (FED) provides confidence in the further support of the market.

Technical analysis and predictions for Bitcoin

Technical indicators show that Bitcoin is ready for growth. The fear and greed index is already in the green zone, indicating increased interest in buying cryptocurrency. According to the daily charts, most investors choose a buy position, which is supported by positive forecasts for the coming months. The CCI (Commodity Channel Index) shows that the active accumulation phase has already passed and the market is ready for growth.

However, there is a risk of a short-term drop in the rate to $61 or even $58,000, which could be a good buying opportunity. On the monthly chart, the situation resembles previous cycles of growth, which indicates the potential to reach $85,000 and above.

Results

2024 promises to be a significant year for Bitcoin, and the coming months will be decisive for its course. If you haven’t added Bitcoin to your investment portfolio yet, now might be the time to do so. Follow the technical indicators to choose the right moment to invest and be prepared for possible growth in the coming months.

Дивитись відео: Біткоїн — Прогноз на Тиждень, 30-09-2024