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HomeAnalysisBitcoin price all-time high will precede 2024 halving — New prediction

Bitcoin price all-time high will precede 2024 halving — New prediction

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TL;DR:

  • BitQuant predicts Bitcoin’s price to surpass $69,000 before its halving and reach $250,000 after the subsequent halving in 2024.
  • Halving, which reduces miner rewards by 50%, historically triggers a surge in BTC price, according to analysts.
  • Market opinions vary, with some foreseeing significant price increase before the halving, while others remain more conservative.
  • Bitcoin is currently trading at around $26,400.

Facts:

  • BitQuant, a notable social media commentator, predicts Bitcoin’s price to surpass $69,000 before the halving and reach $250,000 in the next halving cycle.
  • Halving events, reducing miner rewards, historically act as a catalyst for Bitcoin to achieve new all-time highs.
  • Market opinions on Bitcoin’s price before and after the halving vary significantly.
  • Bitcoin is currently trading at approximately $26,400, with a 1.3% increase in September so far.

Source: Cointelegraph

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