Bitcoin price forecast for Q3 2024 indicates increased

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. For investors, the takeaway is to separate vision from probability. Saylor may be overstating the magnitude, but he is likely correct about the long-term trajectory of Bitcoin. For this reason, I see exposure to Bitcoin as a good idea for investors with a long-term time horizon and a willingness to accept pronounced volatility as the cryptocurrency landscape continues to evolve. Even with Bitcoin defending six-figure prices, gold has stolen the spotlight. Futures hit a record $3,645/oz , rising more than 35% YTD compared to Bitcoin’s 12% retreat from its $124,128 high . The divergence underscores concerns that BTC is behaving more like a risk-on asset tied to equities rather than an independent hedge. Gold’s surge, fueled by rate-cut expectations and Fed independence fears, continues to attract haven demand. Latest bitcoin price forecast incorporates the influence of halving supply shocks and ETF demand. With BTC at $67,400, traders note strong bid walls at $66K, implying accumulation zones ahead of possible Q3 price movements toward $73K.