Bitcoin While it continues to remain above $45,000, many analysts and research firms BTC He thinks the price will continue to rise.
Latest predictions at this point cryptocurrency analysis company NansenIt came from.
Sharing their predictions for 2024, Nansen analysts said that there is a higher probability that cryptocurrency prices will remain positive in 2024.
However, analysts warned investors to continue to be cautious and listed the possibilities that may occur in 2024.
“First Possibility: Inflation Decline and Bitcoin Rise”
Stating that the first scenario regarding the macroeconomic picture and cryptocurrencies is “Soft Landing”, Nansen analysts said that this is the most likely scenario.
“According to this scenario, inflation will fall to 2% without an increase in unemployment rates.
In this case, BTC will reach the previous ATH or experience an increase between 20% and 50%.
“Bitcoin and cryptocurrency prices increasingly reflect this scenario.”
“Second Possibility: Re-acceleration of inflation”
Stating that the market does not expect this scenario, analysts say that if this scenario occurs, BitcoinHe said that the lowest levels of 2021-2022 may be revisited.
According to analysts, the probability of this scenario occurring is between 10-20%.
“Third Possibility: Recession”
Stating that this scenario is unlikely to happen, but it is still among the possibilities, analysts said that if a recession occurs, there may be a 60% decrease in BTC prices.
“Recession is unlikely, but still a possibility.”
Analysts also added that the state of the Chinese economy, the consequences of geopolitical conflicts such as the Ukraine conflict, and the US Presidential elections could affect these three scenarios.
Finally DEXStating that the interest in ‘s will gradually increase, Nansen analysts expect DEXs to become more dominant.
“We expect 2024 to be the year of the DEX, and while Binance and other leading CEXs lose market share, more tightly regulated CEXs like Coinbase will continue to gain market share.”
A summary of @nansen_ai ‘s research team’s high-conviction bets for 2024:
The article presents:
• The implications of various macroeconomic scenarios on crypto prices.
• Four trends expected to play out in 2024.Let’s go 👇
— Pluid (@tryPluid) January 2, 2024
*This is not investment advice.
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