Bitcoin bullish pennant formation occurring on a 4-hr chart
Expert Predictions for Bitcoin's (BTC) Price in October 2024:
•Bloomberg Intelligence: Forecasts a potential price surge driven by FOMO and increased media attention, with an estimated average price of $78,300
•Fundstrat: Expects Bitcoin to reach $80,000-$87,917, averaging $83,333¹.
•CoinDesk: Suggests a potential rally to $78,000-$85,853, with an estimated average price of $82,000.
CryptoCompare: Predicts a trading range of $63,507-$80,197, with an average price of $71,852
October 2024 Probability Estimate:
Based on these predictions, here's a rough estimate of Bitcoin's price movement probabilities:
• Bullish Scenario (25%): $85,000-$90,000
• Optimistic Scenario (40%): $78,000-$82,000
• Neutral Scenario (25%): $68,000-$75,000 (sideways trading)
• Bearish Scenario (10%): Below $60,000.
What's your prediction for Bitcoin's price in October 2024? Will it soar to new heights or experience a correction?
•Bloomberg Intelligence: Forecasts a potential price surge driven by FOMO and increased media attention, with an estimated average price of $78,300
•Fundstrat: Expects Bitcoin to reach $80,000-$87,917, averaging $83,333¹.
•CoinDesk: Suggests a potential rally to $78,000-$85,853, with an estimated average price of $82,000.
CryptoCompare: Predicts a trading range of $63,507-$80,197, with an average price of $71,852
October 2024 Probability Estimate:
Based on these predictions, here's a rough estimate of Bitcoin's price movement probabilities:
• Bullish Scenario (25%): $85,000-$90,000
• Optimistic Scenario (40%): $78,000-$82,000
• Neutral Scenario (25%): $68,000-$75,000 (sideways trading)
• Bearish Scenario (10%): Below $60,000.
What's your prediction for Bitcoin's price in October 2024? Will it soar to new heights or experience a correction?
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