Bitcoin Price Prediction as Standard Chartered Reiterates $120,000 Price Target for BTC in 2024 – Time to Buy?
In the ever-evolving realm of cryptocurrencies, Bitcoin (BTC), the flagship digital asset, remains resilient, consistently hovering above the $37,000 threshold on Monday. The broader crypto market, with a global cap of $1.42 trillion, witnessed a modest 24-hour dip of 1.22 percent. Yet, there’s an air of optimism as the market gradually rebounds, fueled by robust investor confidence.
Notably, the crypto fear and greed index is firmly in the ‘greed’ territory, scoring 66 out of 100, hinting at positive market sentiment. For Bitcoin’s bullish trajectory to sustain, it must breach the $37,700 resistance level; failing which, it might seek support near $37,100.
1》 $BTC experienced a successful retest at $37k yesterday, holding strong and leading to the weekly candle closing in the green. Notably, this marks the sixth consecutive week of positive momentum, a feat not observed in the past three years #bitcoin #GOLD pic.twitter.com/D2mRFNzQyY
— G0LD◁ (@G0LD161) November 27, 2023
Amidst this cautious optimism, a notable projection from Standard Chartered analyst Geoff Kendrick stands out, suggesting Bitcoin could soar to a staggering $120,000 by the end of 2024. This bullish forecast aligns with the current reduction in Bitcoin sales by miners, indicating a potential tightening of supply.
#CryptoNews #BTC #ETF #SEC
SEC has published memos officially confirming negotiations with BlackRock and Grayscale regarding the listing of spot BTC-ETFs.#BTC #crypto #opinion
Standard Chartered has confirmed its forecast for BTC at $120,000 by the end of 2024. It expects BTC… pic.twitter.com/sMFWibsof8
— FinNews (@FinNews_) November 26, 2023
Adding to the positive outlook, anticipations of a more accommodating stance from the US Federal Reserve in the
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