Bitcoin price forecast financial markets’ bitcoin price

Financial markets’ bitcoin price forecast anticipates resilience despite global risk-off sentiment. BTC remains above a critical $65K support floor, with inflows to crypto ETPs suggesting potential decoupling from equities short-term. One of his core themes was the idea of scarcity. Unlike fiat currencies, which can be printed in unlimited quantities, Bitcoin's supply is permanently capped at 21 million coins. This hard limit creates a unique supply-and-demand dynamic: During periods of economic uncertainty, investors are more likely to seek out Bitcoin as a store of value or even a hedge against inflation. Bitcoin halvings—events that reduce the new supply of BTC rewarded to miners—have historically preceded sharp price rallies. For example: Bitcoin price forecast for Q3 2024 indicates increased volatility as BTC currently trades near $67,500, up 4.2% over the past week. Analysts cite a strong correlation between spot ETF inflows and upward momentum, with resistance projected near $70K and short-term support around $65K. Institutional demand remains a key driver, bolstered by macroeconomic uncertainty.