As the crypto market braces for the upcoming Bitcoin (BTC) halving in April 2024, the discussion surrounding Bitcoin’s price trajectory has continued to gain momentum. Атап айтканда, Michaël van de Poppe, a well-regarded figure in the crypto analysis domain, has бөлүштү his latest analysis on Bitcoin.
Next Stop $80,000?
In a post shared on X, Van de Poppe suggests that Bitcoin is on the cusp of a notable rise, eyeing a target range between $75,000 to $80,000 in the lead-up to the halving event.
This prediction is based on the current consolidation phase of Bitcoin, indicating a buildup toward testing its all-time high with the potential for a subsequent correction.
#Bitcoin консолидациялоо.
Менимче, биз бул чуркоонун туу чокусуна жакындап калдык, бирок биз дагы бир ATH сынагынан өткөрөбүз деп ойлойм, ал тургай, 75-80 миң долларды алдын ала экиге бөлүү, анан биз оңдоп жатабыз.
Ошол консолидация / оңдоо фазасында мен альткоиндердин жакшы иштешин күтөм. pic.twitter.com/bnQjYuIzrr
- Michaël van de Poppe (@CryptoMichNL) Март 27, 2024
Notably, Bitcoin halving plays a crucial role in this scenario, serving as a pivotal event that historically influences Bitcoin’s market dynamics.
The halving, scheduled to occur in April 2024, will see the reward for mining new blocks halved, thereby reducing the rate at which new BTC are created and entering the market.
This event, occurring approximately every four years, is anticipated to create scarcity, pushing the demand and possibly the price higher than past patterns have suggested.
Bitcoin боюнча Bullish
In addition to Van de Poppe’s predictions, other analysts have shared their optimistic outlooks regarding Bitcoin’s potential price movement. Jelle, another esteemed crypto analyst, posits that Bitcoin is poised for a significant leap, potentially breaching the $100,000 mark sooner than expected.
This bullish sentiment is also echoed by Doctor Profit, who highlights the importance of understanding Bitcoin’s current market behavior, including its recent sideways movement. He identifies this movement as an accumulation phase poised to catalyze a surge past the $80,000 mark, aiming for $100,000.
#Bitcoin - Кийинкиси эмне?
Чоң жекшемби отчету, сиз билишиңиз керек болгон нерселердин бардыгы:
🚩 TA/LCA/Психологиялык талдоо: Өткөн жуманын жекшемби күнкү отчетунда биз чоңураак убакыт аралыгында күтүлгөн каптал кыймылды талкууладык. Байкалгандай, Bitcoin бул каптал аймакта эң сонун жылып жатат, анткени… pic.twitter.com/BhE5Weycxv
— Doctor Profit 🇨🇭 (@DrProfitCrypto) Март 24, 2024
The significance of accumulation in this context cannot be overstated. As recently reported by NewsBTC, there is an increase in the number of addresses holding at least 1,000 BTC, suggesting that institutions and large-scale investors are gearing up for what may come post-halving.
However, despite this accumulation, Bitcoin over the past 24 hours has declined by nearly 2%, with a current market price below $70,000.
Unsplash'тен тандалган сүрөт, Tradingview'ден диаграмма
Disclaimer: Макала билим берүү максатында гана берилген. Бул кандайдыр бир инвестицияларды сатып алуу, сатуу же кармоо боюнча NewsBTC пикирлерин билдирбейт жана табигый түрдө инвестициялоо тобокелдиктерди камтыйт. Сиз кандайдыр бир инвестициялык чечим кабыл алуудан мурун өзүңүздүн изилдөөңүздү жүргүзүү сунушталат. Бул веб-сайтта берилген маалыматты толугу менен өзүңүздүн коркунучуңузда колдонуңуз.
Source: https://www.newsbtc.com/bitcoin-news/bitcoin-next-stop-80000-crypto-analyst-sees-btc-soaring-ahead-of-2024-halving/