Bitcoin

Momentum

Impact

Gary

<ul class="wp-block-list">
 <li>A Harris win could mean stricter crypto regulations, possibly causing a short-term dip in Bitcoin prices.&nbsp;&nbsp;</li>  
 <li>U.S. monetary policy may devalue the dollar, boosting Bitcoin’s appeal as a store of value amid rising inflation.&nbsp;&nbsp;</li>  
 <li>Bitcoin's historic cycle suggests a potential rally by December, with prices possibly reaching $120,000, barring a correction.</li> 
</ul>  
<p>Bitcoin’s market dynamics for the final quarter of 2024 are taking shape as experts forecast its price trajectory. The U.S. presidential election remains a key factor, and insights from financial analysts are shedding light on how the results could impact Bitcoin’s future. The potential effects of monetary policy, institutional investment, and Bitcoin’s established four-year cycle are all creating a layered outlook for the digital asset.</p>  
<h2 class="wp-block-heading" id="h-election-impact-on-bitcoin-s-short-term-prospects"><strong>Election Impact on Bitcoin’s Short-Term Prospects</strong></h2>  
<p>Notably, some analysts believe a victory for Vice President Kamala Harris could initially create downward pressure on Bitcoin. Mark Yusko, an influential voice in the crypto space, has raised concerns that a Harris administration might mean more stringent cryptocurrency regulations.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/ThinkingCrypto1/status/1853450303976128889
 </div>
</figure>  
<p>Specifically, he points out that a continuation of current leadership under SEC Chairman Gary Gensler could result in tighter oversight. These regulatory concerns may impact Bitcoin’s price in the short term, potentially leading to a temporary dip.</p>  
<p>However, other experts emphasize that regulatory changes would likely affect the market temporarily. Bitcoin has weathered previous regulatory pressures, and some analysts argue that the market may stabilize once it adjusts to any new rules. The short-term impact, while significant, may not alter Bitcoin’s longer-term value.</p>  
<h2 class="wp-block-heading" id="h-inflation-and-bitcoin-s-long-term-appeal"><strong>Inflation and Bitcoin’s Long-Term Appeal</strong></h2>  
<p>Moreover, looking beyond immediate price fluctuations, the long-term outlook for Bitcoin appears more favorable, particularly in light of current U.S. economic policies. The U.S. government’s continued focus on deficit spending and monetary expansion could lead to a weaker dollar, which often supports Bitcoin’s value as a hedge against inflation. When the dollar’s value declines, Bitcoin’s role as “digital gold” tends to attract more investors, given its limited supply and decentralized structure.</p>  
<p>Furthermore, Yusko suggests that these economic conditions could make Bitcoin an appealing asset for individuals looking to preserve their wealth. As inflation rises, Bitcoin could serve as a store of value, with some projections suggesting that it may reach six-figure valuations in the coming months.</p>  
<h2 class="wp-block-heading" id="h-bitcoin-s-four-year-cycle-adds-momentum"><strong>Bitcoin’s Four-Year Cycle Adds Momentum</strong></h2>  
<p>In addition, the timing of Bitcoin’s four-year cycle may also play a role in its price movement through the end of 2024. Historically, Bitcoin has experienced a notable <a href="https://cryptonewsland.com/bitcoin-holds-strong-above-resistance/" target="_blank" rel="noopener noreferrer nofollow">increase</a> in value roughly 178 days after each “halving” event, which took place earlier this year. Analysts are watching this cycle closely, as it typically leads to a parabolic rise in Bitcoin’s price.</p>  
<p>Consequently, the expected demand increase from institutional investors and potential Exchange-Traded Funds (ETFs) may further support this trend. If demand continues to rise, analysts believe Bitcoin could achieve a high of $120,000 by the end of December.</p>  
<p>However, the possibility of a correction also looms if the price climbs too quickly. Yusko has noted that should Bitcoin exceed $150,000, a pullback of 60-80% could follow, driven by profit-taking and market adjustments.</p>   
<p>The post <a href="https://cryptonewsland.com/bitcoin-surge-forecast-experts-eye-100k-target-by-mid-december/" rel="noopener noreferrer nofollow">Bitcoin Surge Forecast: Experts Eye $100K Target by Mid-December</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin Surge Forecast: Experts Eye $100K Target by Mid-December

Table of Contents

Crypto News Land

Other articles published on Nov 5, 2024

VeChain Spotlighted in Academic Study: Blockchain’s Role in E-Commerce Carbon Reduction

PolitiFi Coins Soar Ahead Of Election Day As FreeDum Fighters Rockets Past $400K In Presale

Thinking You Missed the Ethereum Boom? Check Out These 3 Coins Ready to Surge by Year-End!

Michael Saylor Issues 'Bitcoin Capitol' Tweet as BTC Seeks to Regain $70,000

A Historic First in the UK! A Pension Fund Invests Directly in Bitcoin (BTC)

The Power of Stability: How Bullionz Combines the Best of Crypto and Gold For Investors

Join our free newsletter for daily crypto updates!