BTC future according to my analysis

Hello, friends welcome to my post in which I have discussed BTC future for upcoming three monthsas part of my participation in this 👉contest organized by @khursheedanwar

For us or anyone to predict the price of Bitcoin in the next three months, I or that person would have to consider looking at other factors, like looking at the historical trends of BTC, the market sentiment of BTC, and technical analysis to study the movement of BTC.

My prediction may not be that accurate, but what I will have to say here is that in the next three months, BTC will be trading between $75,000 to $82,000, based on the current price which is at $69,024 which is expected to fluctuate between $65,467 to $77,925 with an average projected price around $70,464 in November 2024.

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The above prediction is based on the significant performance of Bitcoin (BTC) in November, in which we have seen how Bitcoin has gained significantly with a slice drop in price as compared to the previous year.

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Based on the historical performance of Bitcoin this November that we are, if Bitcoin should cross above $73,000 and form a strong support level, then it means we could likely see Bitcoin reaching as high as $100,560 in January 2025 if Bitcoin should maintain an upward trend (momentum).

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My expectations for Bitcoin in the coming month of December, are high because I am very optimistic that Bitcoin might likely be trading between $69,200 to $80,587 which can even be more if Trump should win the US election. After all, as the year is coming to an end a lot of factors such as social media, politics, fear of missing out and others are most likely to bring in more investors that would contribute to price increases.

Disclaimer

The fact that my short-term prediction for Bitcoin in the next three months looks optimistic, is not a guarantee that you to completely trust my analysis, or be overwhelmed with your position because the volatility nature of cryptocurrency means the market should be traded and handled with caution which it is more advisable for you to always stay informed about the market trend and consider using different technical analysis tools to analyze the market. Thank you.

I am inviting; @dove11, @simonnwigwe, and @entity01