Will Bitcoin go up over 2024?
Resolves the same as the original on Metaculus.
Resolution criteria
This question will resolve YES if the last measured price of Bitcoin on CoinMarketCap on December 31st, 2024 (UTC) is greater than the earliest measured price of Bitcoin on CoinMarketCap on January 1st, 2024 (UTC). Otherwise, the question will resolve NO.
Fine print and additional background information can be found on Metaculus.
Once the original resolves, its resolution will be applied to this market automatically. Trustworthy-ish users are encouraged to resolve this market before then if the outcome is known and unambiguous. Feel free to ping @jskf to request early resolution or to report issues.
1,000
3.00Copilot:
CoinCodex suggests that there could be both short and medium-term increases in the Bitcoin price1.
Forbes Advisor mentions that Bitcoin’s performance in 2024 depends on a variety of potential catalysts such as institutional adoption, the most recent halving event, regulatory changes, and macroeconomic trends2.
Bitscreener predicts that in 2024, Bitcoin could increase to $73,768.39 during an upward trend, but it could also potentially fall to $38,537.02 if Bitcoin loses its momentum3.
Crypto News predicts that provided nothing untoward happens, Bitcoin’s price in 2024 could reach a staggering $90,000, with a potential low prediction of $42,0004.
Investing Haven suggests a forecasted BTC trading range between $54,864.78 and $85,651.37
Copilot
On January 1, 2024, the closing price for Bitcoin (BTC) was $43,835.62. It experienced a 3.7% increase for the day, and the latest price stands at $51,955.661.
Interestingly, there are various predictions about Bitcoin’s future price. According to the Bitcoin Rainbow chart, a bullish scenario could see Bitcoin trading in a price range between $180,467 and $245,226 on January 1, 2024. However, a bearish scenario might place the cryptocurrency in the “Basically fire sale” phase, with a price range between $20,056 and $26,51223.