Bitcoin
Bitcoin (BTC)
$63,137.00 5.15989
Bitcoin price
Ethereum
Ethereum (ETH)
$3,374.62 5.81293
Ethereum price
BNB
BNB (BNB)
$573.89 7.30478
BNB price
Solana
Solana (SOL)
$152.90 5.2498
Solana price
XRP
XRP (XRP)
$0.5280610 0.29809
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 4.59338
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000097 12.07514
Pepe price
Bonk
Bonk (BONK)
$0.0000246 5.49053
Bonk price
Bitcoin
Bitcoin (BTC)
$63,137.00 5.15989
Bitcoin price
Ethereum
Ethereum (ETH)
$3,374.62 5.81293
Ethereum price
BNB
BNB (BNB)
$573.89 7.30478
BNB price
Solana
Solana (SOL)
$152.90 5.2498
Solana price
XRP
XRP (XRP)
$0.5280610 0.29809
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 4.59338
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000097 12.07514
Pepe price
Bonk
Bonk (BONK)
$0.0000246 5.49053
Bonk price
Bitcoin
Bitcoin (BTC)
$63,137.00 5.15989
Bitcoin price
Ethereum
Ethereum (ETH)
$3,374.62 5.81293
Ethereum price
BNB
BNB (BNB)
$573.89 7.30478
BNB price
Solana
Solana (SOL)
$152.90 5.2498
Solana price
XRP
XRP (XRP)
$0.5280610 0.29809
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 4.59338
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000097 12.07514
Pepe price
Bonk
Bonk (BONK)
$0.0000246 5.49053
Bonk price
Bitcoin
Bitcoin (BTC)
$63,137.00 5.15989
Bitcoin price
Ethereum
Ethereum (ETH)
$3,374.62 5.81293
Ethereum price
BNB
BNB (BNB)
$573.89 7.30478
BNB price
Solana
Solana (SOL)
$152.90 5.2498
Solana price
XRP
XRP (XRP)
$0.5280610 0.29809
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000181 4.59338
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000097 12.07514
Pepe price
Bonk
Bonk (BONK)
$0.0000246 5.49053
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.