Is the new bull market shaping? 1. Although the price of Bitcoin has recovered well since the beginning of 2023, the king of Cryptocurrency is still far from reaching the peak of about $69000 in 2021
Is the new bull market shaping? 1. Although the price of Bitcoin has recovered well since the beginning of 2023, the king of Cryptocurrency is still far from reaching the peak of about $69000 in 2021. However, some analysts suggest that the halving process of the BTC network - halving miners' block rewards - should significantly push up Bitcoin prices.
Due to the next extinction, the value of Bitcoin will be multiplied by 5?
Since the harsh cryptocurrency winter of 2022 seems to have passed, bullish predictions of Bitcoin prices are once again on fire. If each BTC 100000 US dollars is a fairly consistent target, then from its symbolic significance, others are more optimistic in their weather forecasts compared to Tecoin.
According to analyst TechDev's chart on Twitter, Bitcoin may experience a new ATH (historical high) by the end of April 2024. That is to say, it happened to be around the fourth time Bitcoin was halved. At the time of writing, the latter must indeed happen to occur in 48518 BTC transaction blocks. That was around April 27th, 2024.
According to TechDev, the prospect of another decline in Bitcoin accounts - the miners' block rewards dropping from 6.25 to 3.125 bit calendars - will bring the value of Bitcoin to a peak of around $160000. It has increased by 500% in less than a year!
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