Before 2024 is over, here are 5 reasons why you should buy Bitcoin

Bittime - With the end of 2024 fast approaching, many investors are considering buying Bitcoin (BTC). The price of Bitcoin is currently under $70,000 (around IDR 1,050,000,000), and there are several compelling reasons why this could be a great time to invest before the year ends.

Promising Q4 Perfomance

Historical data shows that Bitcoin's performance in the fourth quarter (Q4) is typically very profitable, with average returns reaching nearly 90%. 

If we look at performance in previous years, Q1 and Q2 delivered returns of 56% and 27% respectively, while Q3 had the worst performance at just 6%. 

With Bitcoin's performance in Q3 2024 currently at 0.41%, buying Bitcoin before Q4 is a wise strategy.

Post-Halving Rally

After the halving process, Bitcoin's average cycle usually begins around 170 days after the event. The halving that occurred on April 19 2024 has been 155 days since, indicating that the bull run may start within the next two weeks. This is a strong signal for investors to take positions before prices soar.

Potential to Reach $100K Price

Some analysts predict that Bitcoin could reach a price of $100,000 (around IDR 1,500,000,000) by October 2025. This is driven by the ongoing bull cycle and increasing interest from institutions. 

If the rally begins in the next two weeks, the peak is expected to occur around 480 days after the halving, around August 12, 2025.

Also read: WAT Coin Allocation for Airdrop: Claims Are Open!

Increasing Institutional Demand

Post-halving data shows that institutional demand for Bitcoin continues to increase. With many large companies starting to invest in Bitcoin, this creates positive pressure on the price. Increased demand from institutions could strengthen the existing bullish momentum.

Long Term Opportunities

Investing in Bitcoin today is not just about short-term profits. With tremendous growth potential in the future, owning Bitcoin could be a strategic move to build a sustainable investment portfolio. 

Considering that Bitcoin has proven to be an attractive asset, the opportunity to earn high returns in the long term remains wide open.

With various factors in its favor, now is the right time to consider investing in Bitcoin. Don't miss this opportunity before 2024 ends, because the potential profits could be very significant.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.