Bitcoin
Bitcoin (BTC)
$60,397.00 5.79195
Bitcoin price
Ethereum
Ethereum (ETH)
$3,265.76 0.66866
Ethereum price
BNB
BNB (BNB)
$405.48 2.84712
BNB price
Solana
Solana (SOL)
$110.54 2.51507
Solana price
XRP
XRP (XRP)
$0.5618530 -4.30125
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000113 0.20133
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000030 16.53652
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000056170 -0.31756
El Hippo price
Bonk
Bonk (BONK)
$0.0000148 -0.49504
Bonk price
Bitcoin
Bitcoin (BTC)
$60,397.00 5.79195
Bitcoin price
Ethereum
Ethereum (ETH)
$3,265.76 0.66866
Ethereum price
BNB
BNB (BNB)
$405.48 2.84712
BNB price
Solana
Solana (SOL)
$110.54 2.51507
Solana price
XRP
XRP (XRP)
$0.5618530 -4.30125
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000113 0.20133
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000030 16.53652
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000056170 -0.31756
El Hippo price
Bonk
Bonk (BONK)
$0.0000148 -0.49504
Bonk price
Bitcoin
Bitcoin (BTC)
$60,397.00 5.79195
Bitcoin price
Ethereum
Ethereum (ETH)
$3,265.76 0.66866
Ethereum price
BNB
BNB (BNB)
$405.48 2.84712
BNB price
Solana
Solana (SOL)
$110.54 2.51507
Solana price
XRP
XRP (XRP)
$0.5618530 -4.30125
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000113 0.20133
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000030 16.53652
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000056170 -0.31756
El Hippo price
Bonk
Bonk (BONK)
$0.0000148 -0.49504
Bonk price
Bitcoin
Bitcoin (BTC)
$60,397.00 5.79195
Bitcoin price
Ethereum
Ethereum (ETH)
$3,265.76 0.66866
Ethereum price
BNB
BNB (BNB)
$405.48 2.84712
BNB price
Solana
Solana (SOL)
$110.54 2.51507
Solana price
XRP
XRP (XRP)
$0.5618530 -4.30125
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000113 0.20133
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000030 16.53652
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000056170 -0.31756
El Hippo price
Bonk
Bonk (BONK)
$0.0000148 -0.49504
Bonk price

VanEck predicts record high for Bitcoin in late 2024

vaneck-predicts-record-high-for-bitcoin-in-late-2024
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Markets
VanEck predicts record high for Bitcoin in late 2024

VanEck predicts Bitcoin will hit a new all-time high on Nov. 9, 2024, based on its observed three-year price cycle.

The statement was released at the Digital Asset Summit 2024 as this forecast is notably marked on the third anniversary of its previous record peak of $69,000.

VanEck’s prediction seems grounded in a pattern observed within Bitcoin’s historical price movements. The fund manager highlights a peculiar cyclical trend, noting that Bitcoin’s previous significant surge in November 2020 also occurred precisely three years following its substantial peak in November 2017. This observation suggests a triennial cycle of significant price movements for Bitcoin (BTC).

Image
Bitcoin cycle chart from Blockworks DAS

Despite VanEck’s prediction, it’s important to remember that the cryptocurrency market is notoriously volatile and influenced by many factors like regulation, technology changes, and investor behavior. This makes any prediction, even from established entities, uncertain.

As November 2024 nears, Bitcoin’s performance will be closely monitored to see if it follows the predicted pattern or diverges.

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