Bitcoin price trajectory in 2024 is garnering significant attention. Particularly, in light of the potential approval of a spot Bitcoin ETF (exchange-traded fund).

Several analysts anticipate a monumental year for Bitcoin, projecting a potential climb to a new all-time high.

AllianceBernstein’s Bitcoin Price Prediction

The optimism around Bitcoin’s 2024 performance stems from a confluence of factors. Notably, Bitcoin surged over 150% in 2023, with an impressive rally that saw it reach $45,913 in early 2024. This is its highest since April 2022.

Despite this price surge, Bitcoin remains over 30% below its all-time high of approximately $68,990, set in 2021.

Analysts at AllianceBernstein, a global asset management firm with $669 billion in assets under management, underscored several key drivers for Bitcoin’s anticipated rise. The first is the potential approval of a spot Bitcoin ETF, a development eagerly awaited by the crypto community.

The US Securities and Exchan

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Author: Bary Rahma

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