Bitcoin decreases; what to expect?

On Thursday, October 17th, Bitcoin traded at $67,161, reflecting a decrease of $505, or 0.75%, from the previous trading session.

Bitcoin decreases; what to expect?

Over the past four weeks, Bitcoin has experienced a loss of 9.67%. However, when considering a longer timeframe, its price has risen by an impressive 137.67% over the last year. 

Future projections

Looking ahead, forecasts suggest that Bitcoin could decline to $59,512 by the end of this quarter and further drop to $48,164 within the next year. These projections are based on insights from Trading Economics' global macro models. 

This latest performance highlights the volatility and fluctuations in the cryptocurrency market, making it essential for investors to stay informed about market trends and economic factors that could influence future prices.