Bitcoin Price Swings Expected Around April ‘Halving’ Event
• Bitcoin's next "halving" event in April expected to reduce supply growth, potentially driving up prices • Past halvings preceded 400% average bitcoin price increases • Study predicts bitcoin could reach $115K in 2024 based on current $69K price and historical halving price impacts • Not all analysts agree; J.P. Morgan sees possible drop to $42K post-halving once "euphoria subsides" • Recent bitcoin price rally above $70K fueled by spot ETF inflows, halving hype, expected interest rate cuts