Cryptocurrency Analyst REktCapital,Following closely are cryptocurrency investors, who expect Bitcoin to emerge. After halving the block rewards in 2024, Tokyo created a new parabolic rebound, approaching its historical peak
Cryptocurrency Analyst REktCapital,Following closely are cryptocurrency investors, who expect Bitcoin to emerge. After halving the block rewards in 2024, Tokyo created a new parabolic rebound, approaching its historical peak.
Anonymous cryptocurrency analyst RektCapital stated on his personal X account that Bitcoin may exceed $80000 in the coming months after the next block reward halving event occurs. As is well known, halving Bitcoin's block rewards and reducing BTCrewards for each block by 50% is expected to occur in April 2024.
RektCapital mentioned that the largestCryptocurrencyBitcoin may continue to decline before blockchain rewards are halved:
During the period before the block reward is halved, stop and stay away from negative emotions. You don't want to miss the parabolic rebound and halve the block reward.
198.5% increase in Bitcoin
RektCapital emphasizes that Bitcoin may repeat the bear market cycle of 2019 and enterTriangular formThe bull market within, and indicates:
If Bitcoin continues to form lower peaks, can this king of cryptocurrencies fill the gap of around $20000 in CME by the end of this year or early 2024?
If that's the case, it may consolidate to the top of the black triangle, and then there may be a possible fracture near the halving of the block reward.
From the price trend chart shared by analysts, it can be seen that Bitcoin is expected to confirm a triangular breakthrough in April 2024 and then rise towards its long-term target. According to the latest data,BTCThe price of is currently $26804, which has increased by 0.53% in the past 24 hours. For the largest cryptocurrency, increasing to $80000 means a growth of 198.5%.
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