Bitcoin

<p style="text-align: justify">An <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">analyst</a> who is quite popular in the cryptocurrency markets claims that <a href="https://en.coin-turk.com/heed-this-cautionary-notice-for-bitcoin-and-altcoins/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.coin-turk.com/bitcoin-beach-teaching-bitcoin-to-children-in-el-salvador/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>) has officially entered the bull market zone and is ready for a rise towards $50,000.</p>
<h2 id="bullish-period-for-btc">Bullish Period for BTC</h2>
<p style="text-align: justify">Michael van de Poppe, closely followed by investors, stated on <strong>X</strong> that the leading cryptocurrency Bitcoin could experience a bull market in the near future.</p>
<p style="text-align: justify">Van de Poppe predicts that Bitcoin will rise to $50,000 in the coming months, witness a correction, and reach its all-time high (ATH). The expert analyst stated the following:</p>
<blockquote>
 <p style="text-align: justify">We will see that Bitcoin’s resistance is at $38,000, but most likely we will continue to progress between $45,000 and $50,000 before the halving. After that, we will consolidate and move sideways for a long time before starting to make new ATHs.</p>
</blockquote>
<p><img decoding="async" class="aligncenter wp-image-271894 size-full" src="https://coin-turk.com/wp-content/uploads/2023/10/analist-1.png" alt="" width="2274" height="1220"></p>
<h2 id="50-000-target-for-bitcoin">$50,000 Target for Bitcoin!</h2>
<p style="text-align: justify">Looking at the chart shared by the analyst with his followers, it is predicted that Bitcoin will reach $50,000 in January 2024, a few months before the halving event. According to historical data, the halving that coincides with Bitcoin bull runs reduced the rewards for BTC miners and is planned for April 2024.</p>
<p style="text-align: justify">Van de Poppe currently suggests that Bitcoin is in the middle of a consolidation period and that a drop below $33,000 is still possible. The senior analyst concluded his statements with the following:</p>
<blockquote>
 <p style="text-align: justify">Technically, Bitcoin is forming a range here. There was a slight correction towards $33,300, which was quickly bought up. If the lower limits are reached, it will likely signal a downward trend in sentiment, but it will also indicate a significant long opportunity.</p>
</blockquote> Continue Reading: <a href="https://en.coin-turk.com/bitcoin-enters-bull-market-analyst-predicts-50000-price/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/bitcoin-enters-bull-market-analyst-predicts-50000-price/</a>

Bitcoin Enters Bull Market: Analyst Predicts $50,000 Price

Table of Contents

COINTURK NEWS

Other articles published on Oct 30, 2023

Vela Token Pumps Over 120% on Major Staking Update Announcement

Thai Banking Giant Kasikornbank Acquires a 97% Stake In Local Crypto Exchange Satang

Hashflow (HFT) to unlock 74% of its circulating supply on November 7

Shiba Inu (SHIB) Key Indicator Paints Picture You Don't Want to See

OKX celebrates 1 year anniversary of Proof of Reserves

XRP, BTC and SOL Funds See More Inflows; Why Is ETH Being Left Behind?

Join our free newsletter for daily crypto updates!