Bitcoin ends 2024 at a strong level, quoted at US$ 92.000, even after a contraction of 13,2% compared to the historical high of US$ 106.000 registered in December. With a cumulative appreciation of 110% for the year, the cryptocurrency maintains its position as one of the most profitable investments in the financial market, consolidating itself as a strategic asset in diversified portfolios
For Israel Buzaym, communication director of Grupo Bity, the performance of Bitcoin in 2024 reflects its resilience, even in a challenging global economic scenario, marked by high inflation and rising interest rates. "Although these conditions have led many investors to prefer more predictable assets", Bitcoin has proven that it continues to attract strong institutional interest and maintain its relevance in the market, highlights
The correction observed at the end of the year reflects not only the natural adjustment of a bull cycle, but also the profit-taking by large investors who entered the market in 2023 and 2024. For Buzaym, this movement is healthy: "The market is maturing, and it is natural that we see fluctuations as the regulatory infrastructure and institutional adoption evolve. These corrections are opportunities for technical strengthening.”
In the short term, the market closely monitors the technical support of US$ 90.000. If lost, prices may fall to levels like US$ 86.000 or up to US$ 73.000. However, the director of Grupo Bity highlights the potential for recovery: "If there is a recovery and the asset breaks above US$ 100.000, the scenario for new highs will be strengthened, especially with the halving expected in 2025.”
Buzaym also highlights that the fundamentals of Bitcoin remain strong: "The asset is increasingly integrated as a store of value in large portfolios, in addition to having a growing institutional adoption and regulatory advances in key markets. Ці елементи, combined with the reduction of emissions after the halving, can catalyze a new cycle of appreciation.”
Despite the fluctuations, Bitcoin ends 2024 with an impressive performance, reinforcing its position as a resilient and prominent asset in the global market. Looking at 2025, the focus should be on the continued development of a more mature and accessible market, able to sustain upward trends more consistently, concludes Buzaym
