The Bitcoin landscape will change significantly in 2024. Its prices will begin to reflect this

Bitcoin has been a haven of peace in recent months, but volatility has returned this week. Bitcoin fell by more than 11%, its worst week since the FTX crash last November. This drop has cast a lot of doubt on the future of cryptocurrencies before the big halving. Don't let the barrier be crossed. There are many doubts about the price of Bitcoin. It is currently trading above $25,000, but experts are no longer guaranteeing that this barrier will not be crossed. If we do, it has been indicated that it could lead to a sustained drop in price to $20,000. The calm is over (although the storm has not yet arrived). As usual, this sharp drop may eventually occur and Bitcoin may rise until it approaches $30,000 again. It seems clear that the stability that Bitcoin enjoyed since the end of March has evaporated and we are once again entering a more volatile period. Something more common in the history of cryptocurrencies. Elon Musk's move is not popular. Investors are not optimistic about Elon Musk and SpaceX's decision to abandon a Bitcoin package worth about $373 million. Through Tesla and his companies, Musk is one of the biggest public promoters of Bitcoin. But his interest has waned this year because he is not strictly associated with Bitcoin. With such high interest rates, Bitcoin is not that interesting. There is currently a lack of liquidity in the Bitcoin market. Many investors and exchanges reduced their positions, which caused the price to fall. The global economic climate helps to understand why many investors choose to invest in other securities. Cryptocurrency prices are influenced by many factors, but next year will be when the "halving" will happen.

Although it is not clear whether Bitcoin has enough power this time to rise again as before.#BitcoinTrading #BNBvault #BinanceFeed