Predictions for the collapse and when Bitcoin will fall in 2024

Cryptocurrencies attract investors and speculators with high returns. But any upward trend is sooner or later replaced by a collapse. It is difficult to predict the risk that cryptocurrency and Bitcoin will fall in value in 2024, as the quotes of жетони and coins depend on many factors. However, novice traders can estimate the likelihood of a collapse in the cryptocurrency market based on expert opinions and analytical reviews.

Bitcoin predictions

In April 2021, the BTC exchange rate broke the $64,000 mark for the first time in history. A few days later, the main cryptocurrency fell in price by almost 25%. On some sites there were forecasts of experts who predicted the collapse of the price of Bitcoin. There were opinions that the BTC rate could fall by 3 times. These fears did not come true, because in August 2021 Bitcoin returned to the $50,000 mark. But experts still predict that the crypto and the BTC rate will collapse to a minimum in the near future.

Pessimistic

In July 2021, Scott Minerd, an investment director at Guggenheim Partners, suggested that BTC will collapse to the $10,000 level in the near future. According to him, crashes in the cryptocurrency market occur dramatically, with assets depreciating in price by 75-80%. Due to the fact that the collapse of digital money is imminent, speculators are better off capitalizing on token and coin sales.

Neutral

From May to September 2021, Bitcoin quotes were in the range of $30,000-$55,000. This state of affairs suits large investors, as they can invest money without fear of collapse. At the same time, traders continue to make money on short-term fluctuations in the value of Bitcoins. There is a probability that the range of $30,000-$60,000 will be relevant for the price of BTC for a long time.

Optimistic

Billionaire and crypto investor Tim Draper predicted in June 2021 that Bitcoin quotes would rise to $250,000. In his opinion, digital currencies will soon be widely used in everyday life. In addition, Draper emphasized the impact of deflation on the asset’s prospects.

1

ByBit

5020 $
бонус для нових користувачів!

9.8

ВІЗИТ Читати відгук

ByBit забезпечує зручні та безпечні умови для торгівлі криптовалютою, пропонує низькі комісії, високий рівень ліквідності та сучасні інструменти для аналізу ринку. Він підтримує спотову торгівлю та торгівлю з використанням кредитного плеча, а також допомагає початківцям та професійним трейдерам за допомогою інтуїтивно зрозумілого інтерфейсу та навчальних посібників.

2

Binance

Заробіть 100 бонусів $

для нових користувачів!

9.5

ВІЗИТ Читати відгук

Найбільша криптобіржа, де можна швидко та безпечно розпочати свою подорож у світі криптовалют. Платформа пропонує сотні популярних активів, низькі комісії та передові інструменти для торгівлі та інвестування. Проста реєстрація, висока швидкість транзакцій та надійний захист коштів роблять Binance чудовим вибором для трейдерів будь-якого рівня!

The maximum number of Bitcoins is limited to 21 million, of which 18 million have already been issued. The cryptocurrency will not collapse, because at some point new coins will stop being mined, and the demand for them will continue to grow.

Falling BTC quotes

The price of the main cryptocurrency is affected by the following factors:

If large investors decide that investing in Bitcoin has more downsides than upsides, quotes could plummet. Skeptics even claim that Bitcoin is a typical financial bubble that will inevitably burst.

Change in trends

In favor of negative forecasts of BTC dynamics is another factor: too long growth of cryptocurrency quotes. The longer the trend lasts, the more people expect it to change.

Assets do not appreciate indefinitely, sooner or later there will be a виправлення or a deep drop in quotes. During such periods, large investors try to sell koins and transfer their investments to safer areas (stock markets, bank metals, фіат).

If BTC does not update the record price marks, there is a risk of a rapid change of trend.

When Bitcoin will fall

It is impossible to predict how long it will take and how intensely Bitcoin will fall in price:

• Skeptics believe that the collapse of cryptocurrencies will happen the other day. Once the bubble bursts, the капіталізація and liquidity of digital assets will decrease, and the Bitcoin price chart will continuously decline.
• More cautious experts believe that BTC will start falling in a few months.
• Optimists and the largest holders of crypto-assets make opposite predictions. In their opinion, Bitcoin will soon become the most profitable investment destination again.

In a week.

A sharp decline in the BTC rate can be associated with loud and unexpected news. Specifically, in 2021, the government in China banned видобуток корисних копалин (mining new blocks on the Bitcoin network). These restrictions slowed down transaction verification. If mining bans continue in other countries, Bitcoin could become a dysfunctional network where transfers take too long to process. Traders tend to sell assets in such situations, leading to a collapse and panic.

At the end of 2024.

The second possible reason for the fall in the price of BTC is profit taking. Experienced investors try to sell some assets at the end of the year to withdraw the income in fiat money or direct the funds to safer instruments. In case of mass profit taking, the supply on the cryptocurrency market will exceed the demand. There will be too many sellers, which will lead to a deep drop in the quotes of the main koins.

Forecast for 2024

The near future of cryptocurrencies will be affected by their stability. Many large investors are in no hurry to invest in tokens and coins for fear of bankruptcy. The longer Bitcoins remain stable, the higher the interest from businessmen and investment funds.

Prediction for 2024

The distant future of cryptoassets depends on their practical application. If decentralized networks become popular in everyday life, there will be a natural demand for digital currencies.

Висновки

Bitcoin’s prolonged uptrend could be replaced by a sharp decline. Skeptics warn that Bitcoins are hardly used in everyday life and will depreciate once the hype dies down. The future of cryptocurrencies largely depends on this very factor. Quotes need demand to continue to rise, which is emerging as blockchain technology is adopted into everyday life.

Поширені запитання

💵 How to make money on Bitcoin price drop?

The main way to profit from falling quotes is to open short positions. If the asset loses in price, it makes sense to take a loan in Bitcoins and buy another digital currency or fiat. After the quotes decrease, the trader makes an exchange in the opposite direction, returns the loan and keeps the difference.

📈 Are there assets that go up when Bitcoin goes down?

Yes. Some derivatives (futures, perpetual contracts, options) rise in value during a BTC collapse.

🔀 How do crypto traders determine the moment of trend change?

There is no single criterion by which you can predict the collapse of quotes. Traders use methods of fundamental, technical analysis, study charts of cryptoassets and listen to the opinion of experts.

📉 What tokens and coins are not in danger of collapse?

In case of a global decline in the price of cryptocurrencies, you should transfer your savings into fiat or buy stablecoins – assets with a fixed market rate.

❓ How does Bitcoin collateralization affect risk?

Fiat currencies are protected from a sharp decline. Even when the economy is unfavorable, there are people who need the currency to order goods or pay creditors. Bitcoins have no such collateral, so BTC can collapse sharply if there are no buyers in the market.

Неправильно написали текст? Виділіть його мишкою та натисніть Ctrl + Заходьте.

Автор: Сайфедейський аммусексперт з економіки криптовалют.