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How high will Bitcoin go? 🚀

How high will Bitcoin go? 🚀

Bitcoin is already up big since an early-month dip. Analysts share why they're still bullish on BTC amid surprising September strength.

Andrew Hayward
September 23, 2024

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📝 What you need to know

So much for a sad September for Bitcoin investors.

After an initial early month dip, Bitcoin has bucked historical trends with a serious upswing, now up $10,000 since September 6—and nearly touching a one-month high price late Sunday when BTC popped above $64,500.

What’s next, then? October and November are historically strong months for Bitcoin, and analysts tell Decrypt that even with the surprising September rise, they’re still expecting BTC gains in the months ahead.

Bitcoin Has Lots of Reasons to Rally—How High Do Analysts Think BTC Will Go?

Bernstein and 10X Research analysts discuss the many factors driving the current rally and how high they expect it to go.

Kamala Harris Courts AI, Crypto Industries During Fundraising Event in New York

Speaking to donors at a fundraiser in New York on Sunday, Harris outlined her economic agenda, including vaguely stoking growth in crypto.

SEC Greenlights Nasdaq Listing of Options for BlackRock’s Bitcoin ETF

BlackRock had been seeking approval for such a listing on the Nasdaq since March of this year following approval of multiple Bitcoin ETFs.

Bitcoin ETFs Keep Gaining as Investors Eye Crypto After Fed Rate Cuts

Investors continue to feel bullish, throwing $321 million at crypto funds for the second straight week of gains, led by Bitcoin ETFs.

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💬 Quote of the Day

❝

“Bitcoin’s previous bull markets peaked between October and March, and we’re expecting a major breakout in Q4 2024.”

- 10x Research Head Markus Thielen

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Crypto funds saw $321m inflows last week. Kamala commits to crypto & AI expansion. TAO leads gains in AI hype, does 2x in 2 weeks. SUI TVL breaks $900m. Average Q4 returns for BTC is 88%. BTC Google searches down 75% since 2021. BTC 161 days from halving, when it rallied in 2020. Crypto VCs raised $2.2bn this year, well below 2021.

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