Fresh Bitcoin All-Time High Possible Pre-Halving If This Happens, Says Crypto Analyst
Portfolio Pulse from Benzinga Neuro
Crypto analyst Michaël van de Poppe predicts a new all-time high for Bitcoin (BTC) before the upcoming halving event if it breaks the $71-72K resistance level. Altcoins are struggling in their Bitcoin pairs, indicating a potential rotation. Bitcoin has recently surpassed $70,000, gaining 4.6% this week and 67.8% since the start of the year, influenced by positive PPI data and interest from the ultra-rich investment club, R360. The halving event, expected on April 20, could significantly impact Bitcoin's price.
April 12, 2024 | 4:16 am
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Bitcoin is predicted to reach a new all-time high before the halving event if it surpasses the $71-72K resistance, with recent momentum supported by positive market data and interest from significant investors.
The prediction of a new all-time high for Bitcoin is based on its ability to break through a significant resistance level. The recent surpassing of $70,000, along with positive market data and interest from the ultra-rich investment club, R360, supports the potential for further gains. The upcoming halving event is also a critical factor that historically impacts Bitcoin's price positively.
CONFIDENCE 85
IMPORTANCE 95
RELEVANCE 100