BTC’s year-end price may be affected by macroeconomic factors and regulatory changes, particularly the possible approval of a Bitcoin ETF in the US.
Predictions range from BTC reaching $120,000 to $150,000 in the coming years, with the BTC halving event in 2024 considered a potential catalyst.There are various factors that could impact the price of the primary cryptocurrency in the last quarter of the year. In the lines below, we will pinpoint those and outline some of the latest predictions from experts and analysts.
The central bank of the United States has two more FOMC meetings until the end of 2023, where it will decide whether the time for reducing the record interest rates has come. A possible approval of a spot Bitcoin ETF could change the trends and indicate that the industry has a huge advancement potential in the world’s largest economy. Recall that multiple finance giants, includingLast but not least, market sentiment could trigger a short-term BTC rally. For example, endorsements from influential figures such as Elon Musk might push the asset’s valuation north in minutes.