Introduction

Bitcoin was the primary cryptocurrency, made by the pseudonymous maker Satoshi Nakamoto in 2009. At the time, it was moreover the primary utilization of blockchain technology. Now the bitcoin price has hit its highest.

Bitcoin was generally useless amid the primary a few a long time of its existence but began to pick up footing from 2013 to 2015. In 2017, the primary Bitcoin boom saw the cost of BTC rise to more than $15,000. Ensuing booms in 2019 and 2021 saw BTC hit modern record highs.

In 2021, Bitcoin hit its all-time high of $68,789.63. In any case, it fell as much as $15,760 in December 2022 within the middle of the so-called “crypto winter”, which had been affected by various macroeconomic variables such as rising swelling, the Russia-Ukraine War, and vitality emergency, the collapse of Terra and FTX.

Beginning in January 2023, BTC arranged a turnaround. The coin picked up 83% by April 10, when it hit a tall of $31,035. This cost too speaks to a break over a key resistance level of around $30,000.

During the period spanning April to the end of July, Bitcoin traded at approximately $30k, coming close to reaching $32k with favorable sentiment as a slew of spot Bitcoin ETFs were being proposed by major players such as BlackRock and Fidelity.

In mid-August, Bitcoin experienced a significant decline, shedding more than 10% of its value within a week and reaching a low point at $25,000. Another drop at that point was taken after in mid-September—although the $25k resistance line was not broken.

October saw BTC exchange between $26k and $29.5k, and be a tease with $30k on one event much obliged to an untrue report of an affirmed Bitcoin ETF.

November at that point saw solid trading action, with Bitcoin breaking $37k sometime recently assembly overwhelming resistance at $38k, on the back of more positive news relating to Bitcoin and Ethereum spot ETFs.

At the beginning of December, Bitcoin was buoyed over $40,000 by more theory around the endorsement of Bitcoin ETFs and thought that the Encouraged may cut intrigued rates in 2024.

BTC recaptured the $45k level in January 2024 in expectation of Bitcoin ETF endorsement, with the SEC anticipated to favor numerous Bitcoin ETFs at the same time. Despite the SEC’s official X account being hacked a day sometime recently endorsement, all 11 Bitcoin ETF applications were endorsed on January 10th.

Bitcoin’s quick cost activity was quieted and the world’s best cryptocurrency declined, plunging below $40,000 less than 2 weeks after Bitcoin ETF endorsement. Be that as it may, BTC has picked up 24.69% within the past month and sits over $50,000 having met solid resistance at $52k since mid-February.

Here are a few of the key occasions in Bitcoin’s cost action:

BTC hit an all-time high of $68,789.63 in 2021, and at that point fell to a moo of $15,760 in 2022. BTC began 2023 with an 83% pick up to reach a tall of $31,035.

In October 2023, BTC exchanged between $26k and $29k sometime recently breaking over $30k toward the conclusion of the month.

The cost of Bitcoin performed emphatically in Q4 of 2023, picking up over 51% to wrap up the year over $42k—a result of a positive hypothesis around Bitcoin ETF approval.

In January 2024, Bitcoin exchange-traded funds (ETFs) received approval, leading to an initial decline in Bitcoin’s value to below $40k over two weeks. However, the cryptocurrency has since bounced back strongly, experiencing a nearly 10% increase. After ETF approval day Bitcoin reached above $50k in February.

Price Prediction Of Bitcoin(BTC) For March

Bitcoin Price Prediction For Year 2024 

Here is the technical analysis of Bitcoin price during 2024 according to experts