Bitcoin’s 2024 Price Quest: Will It Smash New Records?

Bitcoin’s Wild Ride: From a 13% Spike to a Hopeful Mid‑July Surge

Picture this: Bitcoin, the superstar of the crypto world, kicked off Monday with a $48,150 price tag. Over the previous week it vaulted by about 13‑plus‑percent, the biggest jump the coin has seen since October. It’s the kind of movement that makes traders snort a little laugh and someone somewhere shout “June’s got the future!”

What’s Driving the Momentum?

U.S. ETFs are pumping cash in, raking in over $400 million on Thursday alone—hands down the best inflow a month.
The once-dizzy bank Genesis is trying to haul out $1.6 billion worth of Bitcoin. If that gets approved, it may help keep the market flowing.
A wave of investors is swapping between products, but that shuffle hasn’t been enough to lift Bitcoin’s price straight up yet.

Is the ETF Dream Alive?

ETFs have been a buzz word, but something feels off. Since January 11, Bitcoin’s price has dipped roughly 10 percent. The big question: Could another catalyst ignite a full collapse? Will it hit that elusive “All‑Time High” again? The market whispers that maybe, maybe not.

Wall Street’s Playbook—The 1% Rule

Most investors tend to keep their crypto allocation at 1 percent of their portfolio. That’s like adding sugar to a cupcake: easy and good for a taste, but it hardly makes the cake fire.

Geared with this mindset, reaching a $100,000 price for Bitcoin is like chasing a mirage. It would require an explosive shift—boosting crypto exposure to 5 percent, 10 percent, or even 20 percent—something that seems far‑fetched for the current climate.

The Most Promising Event: The April Halving

Remember the halving? Every time mining rewards drop by half, it’s like squeezing a water bottle and expecting a geyser. In 2012, 2016, and 2020 it sent prices soaring—most recently ripping Bitcoin up to an all‑time high of $69 000.

Lots of traders hope the 2024 halving will spark a new price rally.
But history doesn’t guarantee tomorrow. Think of it like a weather forecast: it gives you a green light, but you still need to check the horizon.
It could take 12 to 18 months to capture the full impact. That means the real boom might not show until late 2025.

Bottom line? We’re in for a potential belt-tightening. Halving may boost scarcity and allure, though we’re not seeing the “NFT‑style” volatility yet. Bitcoin’s price could grow steadily—staying less rocky, more in sync with traditional markets. Yet, a 2024 breakout past $100 000 is a stretch this year. Stay optimistic, but keep your pockets lined. Happy investing!

Technical analysis of the Bitcoin (BTC) prices

Bitcoin’s Latest Moves: A Roller‑Coaster Ride to New Heights

On the weekly chart, Bitcoin’s price just hit a pivotal point: it revisits the $38,809 support level that surfaced back in January. That jolt produced a classic hammer candle—think of it as a tiny “bounce” that sends a big cheer for an uptrend. And guess what? The market hasn’t flinched; the rally has kept humming forward.

Stalling at the Wall, Then Charging Ahead

Last week, the price stabilised around the resistance at $45,968.
After a short breather, it launched another climb, now on track to reach highs reminiscent of January 11th—aiming near the $49,099 mark.
Closing above that $45,968 hurdle gives a green light to see how far it can swing, with the $51,952 weekly resistance in sight.

Historical Trends Back the Boost

Given the back‑to‑November 2022 picture, the weekly chart is glowing like a ladder of higher peaks and lower troughs, whispering that the upward trend is here to stay.

Bitcoin’s Week‑Long Roller‑Coaster: What to Expect

Hey crypto lovers, grab your coffee because we’re about to dive into the latest BTC action. Think of this as your backstage pass to the market’s next moves.

The Quick Pulse of the 4‑Hour RSI

Right now, the Relative Strength Index (RSI) is speeding up toward overbought territory.
This trend suggests that Bitcoin is primed to keep rallying this week — unless something funky happens.

Key “If‑This‑Then” Moments

Scenarios on the Slide

Slide 1: BTC slips below $48,910 → it’ll face a retest up at $46,331. If the support sticks, buyers could jump in to lift the price to higher zones.
Slide 2: BTC surges past $49,099 → next targets $50,000 and even $51,000 that week. A bounce could trigger a correction, but the trend keeps heading upward.