Bitcoin (BTC) Predicted To Hit New All-Time High This Weekend

Bitcoin (BTC) Predicted To Hit New All-Time High This Weekend

PENGY May 17, 2024, 5:02 pm Facebook Twitter


Bitcoin (BTC) hit an all-time high of $73,737.94 on Mar. 14, 2024, a little over two months ago. The original cryptocurrency has since fallen by over 10% and currently trades for around $66,200. Despite the 10% correction from its March peak, there is a possibility that BTC will hit a new all-time high this weekend.

According to Changelly, BTC might surge to $74,666 on Sunday, May 19, 2024. Hitting $74,666 from current levels would translate to a growth of about 12.83%. Furthermore, Changelly anticipates BTC to surpass the $80,000 mark by early June. The platform predicts BTC to hit $86,404 on June 10, 2024. Reaching $86,404 from current levels would translate to a growth of about 30.56%.

Also Read: Bitcoin and Altcoins Surging Following CPI Report – 5 Best Crypto to Buy Now

CoinCodex also anticipates Bitcoin (BTC) to rally but is not as bullish as Changelly. CoinCodex predicts BTC to hit $70,566 on Sunday, May 19, 2024. Reaching $70,566 from current levels would translate to a growth of about 6.63%.

Source: CoinCodex

However, CoinCodex paints a similar picture for BTC in June. The platform predicts BTC to surpass the $80,000 level in early June, hitting $86,678 on June 10, 2024. Reaching $86,678 from current levels would translate to a growth of about 30.9%.

How high can Bitcoin (BTC) go in 2024?

bitcoin btc moon

BTC has been one of the best-performing assets of the last decade-and-a-half. The US SEC’s (Securities and Exchange Commission) recent approval of 11 spot BTC ETFs (Exchange Traded Funds) further pushed the asset’s adoption. Financial giants, such as BlackRock and VanEck, have also opened their doors to BTC, thanks to the ETF approval.

Also Read: US Senate Overturns SEC Rule Barring Firms From Holding Bitcoin

According to Telegaon, Bitcoin (BTC) could hit a maximum price of $96,919.93 in 2024. Hitting $96,919.93 from current levels would translate to a growth of about 46%.

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