Bitcoin Nears $50K Ahead of 2024 Halving Event, But Correction to $30K Possible Before Next Bull Run
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Bitcoin (BTC) is nearing a key Fibonacci level that could mark the top of its "pre-halving rally" toward $50K.
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Popular trader Titan of Crypto predicts BTC will peak between $39K-$50K before the April 2024 halving event.
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Other analysts also expect BTC to rise to around $46K before the next halving.
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After the halving, some predict BTC could reach $130K+ by end of 2025.
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In the near-term, $30,900 is seen as a potential floor if BTC corrects lower from current $36,500 levels.