A highly anticipated cryptocurrency market analyst has stated that as next year's halving approaches, major cryptocurrencies will take important measures. Despite experiencing some declines this year, the analyst believes that Bitcoin (BTC) will experience an increase after halving
A highly anticipated cryptocurrency market analyst has stated that as next year's halving approaches, major cryptocurrencies will take important measures. Despite experiencing some declines this year, the analyst believes that Bitcoin (BTC) will experience an increase after halving.
BTC target is $30000!
On social media platforms, cryptocurrency experts and analysts RektCapital have stated that regardless of the future trend of Bitcoin (BTC), the valuation of this major cryptocurrency will be approximately $30000 by April 2024. The analyst pointed out in the comment:
Prior to the halving event, the trading price of Bitcoin continued to hover around $30000. Although BTC has encountered low high resistance, the current bull market seems to be maintained with the support of the moving average support group.
Although Bitcoin rose slightly in October, analysts pointed out that BTC has lost most of its upward momentum. He proposed the following views on this issue:
Although Bitcoin rose 5% in October this year, most of its gains have already fallen. Historical data shows that we have seen an increase of over 8% exceeding important monthly resistance levels. If the closing price of Bitcoin falls below $27164 this month, it may face rejection. However, if Bitcoin can regain this level and use it as support, it may further rise.
The Rise Date of Bitcoin
Regardless of Bitcoin's next move, RektCapital has once again emphasized its belief that by the expected date of the next halving in April 2024, the cryptocurrency will be valued at approximately $30000. This expert made it clear in his comments that:
Before the halving event, Bitcoin typically experiences fluctuations throughout the year. This price fluctuation may persist during the halving period. Regardless of whether the market crashes or not, Bitcoin is expected to recover from this situation.
As of the writing of this article, the trading price of Bitcoin is $27523, which has decreased by 0.8% in the past 24 hours.
Thank you for reading. Friends who like it can click like to follow. See you next time!
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])
