Key Bitcoin price metrics hint at new all-time highs for BTC in 2024.
Bitcoin’s (BTC) upcoming supply halving and its historical price action, increasing inflows into spot Bitcoin exchange-traded funds (ETFs) and bullish technical setup suggest that BTC is on the path to a new all-time high.
After a fairly bullish year in 2023, 2024 provided approval of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) a surge in the price of Bitcoin, Ether (ETH), Solana (SOL) and other cryptocurrencies.
As Bitcoin rallied above $50,000, its market capitalization crossed $1 trillion, rising to $1.02 trillion on Feb. 16, reflecting a 118% increase over the last 12 months.
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Source: https://cointelegraph.com/news/3-key-bitcoin-price-metrics-point-to-new-btc-all-time-highs-in-2024