Posted 4/8/2024, 3:36:56 PM
Bitcoin Surges Near All-Time High, Analysts Predict Further Gains Ahead of Halving
- Bitcoin price spiked above $72k on Monday morning, coming within 3% of its all-time high
- Data suggests the pre-halving pullback is likely complete and Bitcoin is ready to resume its climb
- Analysts point to rising stablecoin supply and a symmetrical triangle formation signaling a breakout ahead
- If Bitcoin breaks out bullishly before the halving, prices could potentially top $80k in coming weeks
- Multiple factors suggest bullish momentum will continue, including strong economy, election year trends, and inflation fears