2024 Bitcoin prediction - Fall back to test Support.
In 2023, Bitcoin demonstrated strong upward momentum, surging from 15.7K to 44.4K without experiencing a significant correction. As we move into 2024, my forecast anticipates a potential retracement to test the support range between 30K and 26K, suggesting a prudent time to secure profits.
An additional factor of consideration is the looming possibility of an economic recession. In the event of a recession, there is a likelihood that Bitcoin could breach its 2023 low and descend to the support level around 12K. This scenario underscores the importance of a cautious approach in navigating the market.
An additional factor of consideration is the looming possibility of an economic recession. In the event of a recession, there is a likelihood that Bitcoin could breach its 2023 low and descend to the support level around 12K. This scenario underscores the importance of a cautious approach in navigating the market.