Blockware Intelligence's analysis titled "2024 Halving Analysis: Understanding Market Cycles and Opportunities Created by the Halving" suggests that Bitcoin's price could potentially reach $400,000 in the next halving epoch due to factors such as reduced sell pressure, increased demand, and historical performance.
Bitcoin and other cryptocurrencies are facing intense pressure as prices drop and short-term holders offload their assets, signaling a possible capitulation phase and suggesting further downside potential. Additionally, major altcoins like Ethereum, Solana, and Cardano have witnessed a decline in their Total Value Locked (TVL) over the past week, indicating a decrease in popularity and utilization in the decentralized finance (DeFi) ecosystem.
Bitcoin and Ether rose over 3% to reach their highest prices in a week, while Solana, NEAR, Cardano, Polkadot, and Binance's altcoins also experienced gains, following a surge in traditional markets; however, experts predict that the downtrend in digital assets may continue for the next few weeks.
Bitcoin price reaches a 2-month low, but crypto analyst Michaël van de Poppe predicts a positive change in the future due to market cycle theories and the upcoming Bitcoin halving in 2024, potentially reaching a price of $50-55K pre-halving.
Bitcoin may experience a period of stagnation before turning bullish again, according to crypto analyst Jason Pizzino, who believes that the cryptocurrency could remain in its current pattern for the next couple of months before potentially surging in late 2021 or early 2024.
Bitcoin remains on track for a massive bull cycle despite recent price decline, as indicated by broader indicators of its price patterns and the use of logarithmic growth curves. The 200-week moving average is seen as less significant as a key price support level for Bitcoin, and the analyst is also looking for an entry point for Ethereum.
Crypto analyst Michaël van de Poppe believes that Ethereum's current price dip could be due to Bitcoin's upcoming halving, and suggests that BTC may follow the path of commodities, while naming certain altcoins, including ARB, OP, INJ, SUI, PEPE, and DOGE, that he's keeping an eye on.
Crypto analyst Michaël van de Poppe suggests that altcoins, including Ethereum, are following a historical pattern before Bitcoin halving events, indicating a potential bullish move in the market.
Bitcoin's recent surge in price may be a positive sign, but investors should exercise caution and consider dollar cost averaging as a strategy for entering the market.
Bitcoin advocate Luke Broyles believes that it is never too late to buy Bitcoin, as he argues that everything is overvalued and due to crash, which makes Bitcoin attractive as a supply-capped asset.
A trader predicts that Bitcoin will reach a new all-time high before the end of 2023, with the possibility of a 157% rally from the current level.
Bitcoin's recent legal victories and temporary price surges should not be mistaken for long-term catalysts, as the approval of a spot ETF, liquid staking capabilities, and the upcoming halving event hold the key to sustainable price appreciation.
Bitcoin is likely to experience a deep corrective move in September, with a potential drop of over 10% from current levels, according to crypto strategist Benjamin Cowen, who also suggests that the altcoin markets may see a resurgence next year due to a confluence of macro tailwinds.
Bitcoin is expected to experience a corrective move before resuming its bullish momentum and potentially surpassing its previous highs, according to a pseudonymous analyst who accurately predicted the lowest price of the cryptocurrency during the 2018 bear market.
Bitcoin's four-year cycles may not be directly linked to halving events, as an alternative theory suggests that they are more closely correlated with the global M2 money supply and macro patterns. However, analysts still anticipate a rally and new bull cycle following the next Bitcoin halving event in late 2024.
Bitcoin is predicted to enter a "mid-cycle lull" before starting a bull run in late 2024, according to a new price model, with the date of November 28th identified as a key pivot point in the year.
Bitcoin must surpass a key price level in order to signal the end of its price stagnation, according to analyst Credible Crypto, who believes that Bitcoin dominance is rising and altcoins will suffer as a result.
Bitcoin (BTC) experienced a short squeeze, leading to a rally in prices and a decline in open interest in futures and perpetual swaps trading. However, the lack of immediate bullish catalysts may cap the price recovery.
Bitcoin's pre- and post-halving price action could differ from previous cycles due to a change in global monetary policy and tightening liquidity, potentially causing more pain for risk assets like Bitcoin and altcoins, according to crypto market analyst Jamie Coutts.
Bitcoin's rise may trigger leverage liquidations and price increases for alternative cryptocurrencies like solana's SOL, as traders who were shorting those tokens risk being forced to cover their positions.
Bitcoin could potentially surge over 70% in a move similar to 2015, as crypto analyst Michaël van de Poppe observes patterns that indicate a sustained trading range before a significant upside move ahead of the 2016 halving event.
A crypto analyst has shared a "cheatsheet" for predicting Bitcoin price movements ahead of the next halving, suggesting that BTC's current prices are within the expected pre-halving range and that a post-halving rally is likely.
Bitcoin has the potential to rally and reach a new high in 2023, according to an analyst, who also states that the current price action looks constructive after a period of downward trend.
Bitcoin and other cryptocurrencies have seen a rise in price as traders anticipate a potential macroeconomic catalyst that could lead to a significant movement in the market.
Bitcoin is expected to experience a strong upward pressure on its price due to the upcoming halving mechanism, making it an attractive time for investors to consider bitcoin mining stocks like Bitfarms and Cipher Mining.
