Bitcoin to Hit New All-Time Highs in 2024? Market Survey Says Yes

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Despite price surge, many believe Bitcoin's bullish run may not be over yet

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If history is any indicator, there is a 73% likelihood that Bitcoin will rally in the fourth quarter of 2024; however, whether this tendency will continue is unknown.Bitcoin, the largest cryptocurrency by market capitalization, reached a nearly three-month high of $68,399 in Wednesday's trading session, following three days of steady increases before dipping.

The cryptocurrency market is trading in the red as investors anticipate new economic data after Fed members' latest comments on the likely path forward for interest rates. On Thursday, the most recent weekly jobless claims figures will be released, as well as September manufacturing and industrial production data.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst.

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