Bitcoin is getting a lot of attention, as the year 2024 draws near. Ethereum too is being watched by investors as they watch for potential changes in the market.
This article examines key forecasts by experts and the factors that are likely to influence this leading cryptocurrency in the month ahead.
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BTC and ETH Price Prediction Analysis August 2024
Bitcoin (BTC).
Expert Predictions
Bitcoin is expected to reach a high of $1,050 in August 2024 according to several crypto analysis platforms.
- CoinCodexLow of $75,739. High is $88,853.78.
- CryptoNewsBitcoin will reach approximately $82,296.39.
- ChangellyThis calculator predicts an amount between $75,739 to $88,853.78.
Market Influencers
Bitcoin’s course may be influenced by a variety of factors in August. JPMorgan’s prediction of crypto market recovery could boost investor trust.
Conversely, Mt. By reducing the amount of money invested in Mt.
Market sentiment could be affected by political developments including possible Bitcoin announcements from Kamala Harris, who is expected to visit Nashville.
You can also contact us by clicking here. Insidebitcoins Editor’s comments on this topic:
“The chances of a bounce come as the Relative Strength Index (RSI) still holds above the mean level of 50. This, coupled with the bullish outlook in the Moving Average Convergence Divergence (MACD), increases the odds of a recovery.”
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Ethereum (ETH)
Analyst Predictions
Experts predict that Ethereum will be available in August 2024.
- CoinCodexThe highest amount is $3,632.95
- CryptoNewsBetween $3.514.48 and $3.792.69
- Changelly: Minimum $3,514.48, maximum $3,792.69
Market Dynamics for Ethereum
The launch of new Ethereum ETFs in July 2024 brought a large amount of investment and attention.
These ETFs have collected assets worth $10.2 billion, and net flows of $107 Million.
Ethereum’s price is still facing significant resistance at $3.530. This is the critical mark for Ethereum.
It is important to note that the word “you” means “you”. FXStreet team This is what I had to say about the subject:
“Ethereum’s price is down 1.8% on Wednesday despite an impressive ETH ETFs’ first-day launch that saw them attract $10.2 billion in assets and net inflows of $107 million.”
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Bitcoin and Ethereum prices may fluctuate as August 2024 approaches. Bitcoin is expected to range between $75,739 and $88,853.78, whereas Ethereum’s price could fluctuate from $3,514.48 up to $3.792.69.
In the coming month, cryptocurrency prices will be influenced by ETF performances, market trends, political developments and other factors.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru