$BTC Bitcoin season forecasts vary among analysts and experts, but there are some common points that can be mentioned:
# Short-term Forecasts
- *Possible Decline*: Some analysts expect a decline in the price of Bitcoin before a recovery in the second quarter of 2024, especially after the halving event that occurred in April 2024.
- *Price Range*: The price of Bitcoin may range between $60,770 and $62,260 in the initial phase after the halving.
# Long-term Forecasts
- *Rise to $100,000*: Most analysts indicate that the price of Bitcoin will exceed $100,000 in the next five years.
- *2025-2030 Forecasts*: Analysts expect the price of Bitcoin to target $150,000 or more in the long term.
# Financial Institution Forecasts
- *J.P. Morgan*: J.P. Morgan analysts expect the price of Bitcoin to reach $45,000 in 2024.
- *VanEck Fund*: The VanEck Fund expects the price of Bitcoin to reach its all-time high by the fourth quarter of 2024.
- *Standard Chartered Bank*: The bank expects the price of Bitcoin to reach $120,000 by the end of 2024.
# Influencing Factors
- *Bitcoin Halving*: Bitcoin halving affects its price, as it reduces the supply of new Bitcoin in the market.
- *Exchange-Traded Funds*: Exchange-traded funds influence the price of Bitcoin, as they increase demand for the digital currency.
- *Macroeconomics*: Macroeconomic factors such as inflation and interest rate fluctuations affect the price of Bitcoin.¹
