Bitcoin forecast 2024: Experts expect price rally to $52,000 after ETF approval - New all-time high not until 2024 - Exciting year for the crypto sector.

Bitcoin forecast 2024: Experts expect price rally to $52,000 after ETF approval - New all-time high not until 2024 - Exciting year for the crypto sector.

According to a report by www.businessinsider.de, the Bitcoin market continues to hover above $42,500. Despite a 3% loss in the last seven days, the return for 2023 is over 150%. The US Securities and Exchange Commission (SEC) has until January 10 to make a decision on the Bitcoin spot ETF. The approval of such an ETF could direct institutional capital into Bitcoin and thus influence the market.

The short-term forecasts for the Bitcoin price are mixed. Some analysts expect prices to rise sharply following an ETF approval, while others expect a sideways move. Well-known top Dutch analyst Michael van de Poppe sees limited upside in Bitcoin but expects it to rise to $48,000-$52,000 following ETF approval.

Bitcoin peaked at $69,000 in November 2021. Analysts believe that the next bull market will see a new record high. Van de Poppe predicts a new all-time high late in 2024.

The possible approval of a Bitcoin spot ETF in 2024 has the potential to transform the crypto market. Increased institutional adoption of Bitcoin through an ETF could have a significant impact on market dynamics.

Another interesting project is Bitcoin Minetrix's Stake 2 Mine project, which has already raised $7 million in presale. The team aims for a mining revolution to make mining fairer, more accessible, safer and cheaper.

However, it should be noted that forecasts and projects in the crypto market are fundamentally associated with risks and should not be understood as an invitation to buy or sell securities. Specialist advice should also be considered before making investment decisions.