As the mother of cryptocurrency bitcoin is still the belle of its market presence. Moreover, the price of bitcoin is also a barometer of the existence of other altcoin market carts.

In a few days or more than 2 weeks ahead the period or era of 2023 will end which means it will enter a new round in the new year, 2024. In addition, the cycle that occurs in bitcoin every 4 years will occur halving, and 2024 is the umpteenth bitcoin halving.

Based on market performance and the period, indeed in the midst of the turmoil of bitcoin conditions in 2023 this experienced a considerable increase. Where when viewed from the beginning of 2023 the increase has reached 155% for the achievements that occurred this month.

Seeing this condition for a moment becomes interested to see the short-term fluctuations in the existence of bitcoin from today until the end of the year.

Of the several predictions many have given fairly optimistic predictions of an increase before the end of the year. The range of bitcoin prices before the end of the year is expected to be in the range of US $ 35,000 - US $ 45,000. And at the beginning of the year it will be in the range of US$40,000 - US$50,000.

This range is driven by several factors, such as greater adoption mainly driven by increased interest in BTC as an alternative store of value and means of payment. As well as tight monetary policies by central banks could depress BTC prices, but this is likely to have a limited impact in the short term.

Tentatively, this factor occurs in the form of a nullish scenario where Bitcoin could break the US$50,000 level and reach new highs in 2023. This could happen if there is a significant adoption of BTC by financial institutions or if there are other positive events that support the price of BTC.

And the opposite can also happen in the bearish scenario: where bitcoin can drop below the US$ 40,000 level. This is likely to happen if there is significant liquidation in the crypto asset market or if there are other negative events that depress the price of bitcoin in the end.

Regardless of all that addresses bitcoin price fluctuations before and after the end of the year, only time will tell how the bitcoin price will behave before the end of 2023 and the beginning of 2024 for sure. However, if based on existing factors, a bullish scenario seems more likely than the existence of a bearish scenario that could occur given the conditions that have been running to date.