Posted 2/24/2024, 7:54:00 PM
Bitcoin Holds Above $50K With Bullish Signals Ahead of April Halving Event
- Bitcoin closed the week 2.1% lower but held above $50K since Valentine's Day, indicating a bull run
- Upcoming Bitcoin "halving" event in April expected to reduce supply and potentially propel price higher
- Analyst Tom Lee predicts Bitcoin could reach $150K by end of 2023
- Seeking Alpha contributor says halving could push Bitcoin to $120K
- Chainalysis report Money laundered through crypto fell 29.5% in 2023 to $22.2B, indicating decreased illicit crypto activity