$BTC On July 10, 2024, the price of Bitcoin witnessed several important developments. The current price of Bitcoin exceeded $58,000, an increase of 1.32% during the day. One of the main reasons for this increase is the German government's announcement of a $350 million Bitcoin sale, which sparked market volatility. Additionally, Fidelity moved $10 million worth of Bitcoin into its ETF portfolio.

Expert forecasts indicate that Bitcoin may reach $100,000 by the end of the year, according to Standard Chartered analyses, due to decreased supply and increased demand from investors and institutions.

Some analyzes also expect a supply shock that could push the price to $120,000 by the end of next year. These predictions are based on increasing mining profitability and reducing the amount of Bitcoin available for sale.