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<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/bitcoin-halving-prediction-btc-price-to-hit-this-level-before-the-halving-event/">Bitcoin Halving Prediction: BTC Price To Hit This Level Before The Halving Event</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p>
<p>Captain Faibik, a well-known crypto analyst, anticipates Bitcoin’s price to soar to $50k before the impending fourth halving event, provided the current horizontal range persists in the coming months.</p>
<p>Amidst the Bitcoin ETF excitement, Wall Street analysts have warned investors about maintaining low expectations regarding cash inflows post the U.S. SEC’s approval.</p>
<h2 class="wp-block-heading" id="strong-bitcoin-s-recent-price-movements-strong"><strong>Bitcoin’s Recent Price Movements</strong></h2>
<p>Bitcoin has faced significant resistance, fluctuating between $37k and $38k over the past five days. This has sparked speculation about a potential reversal, possibly driving the price towards the $31k to $32k support/resistance zone to gather more bullish momentum. The current daily Relative Strength Index (RSI) shows a bearish divergence within the ongoing uptrend, indicating a fading bullish momentum</p>
<h2 class="wp-block-heading" id="bitcoin-price-analysis">Bitcoin Price Analysis</h2>
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   <p lang="en" dir="ltr">If <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> Remains within the 34-38k range for 2-months and begins the Halving Rally by mid-February, it could reach 50k by late March.<a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://twitter.com/hashtag/BTCUSD?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTCUSD</a> <a href="https://t.co/LEVzmBIkoj" rel="noopener noreferrer nofollow">pic.twitter.com/LEVzmBIkoj</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1723956517517541835?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 13, 2023</a>
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<p>According to Captain Faibik, the ongoing Bitcoin rally might see a surge to $50k by mid-March. He stresses the importance of defending the range between $34k and $38k in the next two months to sustain the pre-halving rally by February. The bullish trajectory of Bitcoin’s price this year has been supported by increased institutional demand.</p>
<h3 class="wp-block-heading" id="h-contrasting-views-jpmorgan-analysts-stance">Contrasting Views: JPMorgan Analysts’ Stance</h3>
<p>Contrary to the bullish outlook, JPMorgan analysts led by Nikolaos Panigirtzoglou argued that further positivity might be overstated. They cautioned that the approval of a Bitcoin ETF might not result in immediate cash inflow, drawing from the limited momentum seen in Canadian-based ETFs.</p>
<h3 class="wp-block-heading" id="h-the-altcoin-market-s-potential">The Altcoin Market’s Potential</h3>
<p>With Bitcoin showing signs of horizontal ranging in the coming months, some experts predict potential breakouts in the altcoin market. Excluding Ethereum and Bitcoin, the altcoin market capitalization has approached a significant resistance level of around $400 billion, which may soon transform into a support level.</p>

Bitcoin Halving Prediction: BTC Price To Hit This Level Before The Halving Event

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