Forecasts for 2024: Bitcoin rate may rise to $55 thousand

In the world of cryptocurrencies, much attention is paid to forecasts of the bitcoin exchange rate, and analysts have repeatedly provided good reasons for optimism. According to Maksym Oryshchak, an analyst at the CST, we can expect the growth of "digital gold" to reach an impressive $55 thousand in 2024.

The analyst emphasizes that the April bitcoin halving may have a key impact on this growth. According to his estimates, during the first half of 2024, we can observe the growth of the bitcoin rate in the range of 15-25%, which will lead to the level of $50 to $55 thousand.

Interestingly, similar movements were recorded during the last pre-halving rally in 2020, when BTC rose by 22%. Such statistics support the likelihood of a similar scenario in early 2024.

But, according to Oryshchak, we will get a real impression in the second half of 2024. After the halving, we can expect a serious increase in the bitcoin rate. According to statistics, in a post-halving rally in 5-6 months, digital gold shows very strong results, and its value can increase by 65-70% or more.

Experts also point to the impact of the news about Bitcoin-ETFs on the positive market sentiment. If these funds receive SEC approval and start operating in the United States, it will provide the largest financial market with tools for direct investment in bitcoin. Under such conditions, we can expect an additional 30-35% growth of the "digital gold" rate in the second half of 2024, and its historical maximum can be updated to $68,990.

All of this makes the forecasts for 2024 extremely interesting for investors and cryptocurrency market professionals who will be watching the dynamics of bitcoin with special attention.