Check out the full October 2024 Bitcoin report for the latest insights and analysis. Click here to read the full report: read report
The October 2024 edition of the Bitcoin Report is packed with expert insights and bullish price predictions as Bitcoin continues to cement its place as the leading decentralized digital asset. This month, we’re focusing on several key topics: Bitcoin’s declining exchange balance, the surge in ETF inflows to over $5 billion, and the bullish price target that could redefine Bitcoin’s value in the next quarter. . Featured contributions come from some of the biggest names in the Bitcoin space, including Caitlin Long, who provides industry insight into Bitcoin’s adoption cycle, and Tone Vays, whose special price forecast gives cause for optimism as Bitcoin potentially becomes the new Moving towards heights.
Highlights of the report,
- Bitcoin on-chain analysis: This section examines how declining exchange balances and rising self-custody reflect an increase in long-term holding sentiment. With Bitcoin exchange balances hitting new lows, it signals growing confidence among investors who are preferring to keep control of their assets rather than leaving them to exchanges.
- bitcoin etf: October saw more than $5.4 billion in inflows into Bitcoin ETFs, with BlackRock’s IBIT leading the market. This record-setting month underscores Bitcoin’s growing acceptance in mainstream financial markets, bolstered by the approval of options trading on Bitcoin ETFs. Dr. Michael Tabone, economist and professor at the University of the Cumberlands, offers his take on how this surge could unfold in the coming months.
- bitcoin mining update: Russia and China have quietly increased their influence in global mining, while the US still has the largest hashrate share. Crypto Oxygen’s Lucas Pfeiffer details how these changes could reshape global mining dynamics and what it means for the future.
- Price Forecast by Tone Vaze:Bitcoin analyst Tone Vays remains incredibly optimistic about the future price of Bitcoin, citing several technical indicators and historical patterns. The report details a potential price target of $102,000 to $140,000 by mid-2025, supported by bullish technical analysis such as Fibonacci extensions and classic cup and handle chart patterns.
- Industry Insights from Caitlin Long: Caitlin Long, Founder and CEO of Custodia Bank, provides her perspective on Bitcoin adoption trends and how the macroeconomic environment continues to favor decentralized assets. According to Long, Bitcoin’s fundamentals are strong, and a bull market could emerge after the 2024 US presidential election.
The report also features valuable contributions from other experts in the Bitcoin ecosystem, including Philip Swift on Bitcoin derivatives, Lucas Betschart on regulatory changes, Pete Rizzo on Bitcoin history, Pascal Huguely on on-chain analysis, Dr. Michael Tabone is involved. , Joel Kai Lenz on Bitcoin adoption, and Patrick Heuser on technical analysis. These contributions provide a holistic perspective on the current state of Bitcoin and its future prospects.
Access the full report now to get the full details, charts and analysis. We invite your organization to explore potential sponsorship or joint-publishing opportunities for future editions by contacting Mark Mason mark.mason@btcmedia.orgLet’s together feed the world orange pills!
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