Status

<p style="text-align: justify">Despite the recent drop in &lt;a href="https://en.coin-turk.com/bitcoin-<a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">analyst</a>-dave-the-wave-predicts-potential-424-increase-in-price/”&gt;Bitcoin’s (BTC) price, the largest cryptocurrency managed to surpass the $38,000 barrier several times in the last 24 hours, and the rapidly approaching block reward halving in 2024 is considered an important catalyst that could drive prices upwards. According to a historical analysis by cryptocurrency analyst Trader Tardigrade on November 30th on his personal X (formerly known as Twitter) account, Bitcoin traditionally tends to surge extraordinarily in periods leading up to and following block reward halvings.</p>
<h2 style="text-align: justify" id="bitcoin-could-hit-39-40k-within-days">“Bitcoin Could Hit $39-40K Within Days”</h2>
<p style="text-align: justify">Experienced cryptocurrency analyst Trader Tardigrade, taking into account the effect of the block reward halving, expressed the view that Bitcoin could rise to $50,000 as the event approaches. According to the analyst, the momentum of the rise will increase after the halving, and the price could head towards $250,000 or beyond.</p>
<p style="text-align: justify"><img decoding="async" class="aligncenter size-full wp-image-283024" src="https://coin-turk.com/wp-content/uploads/2023/11/BTC-Bitcoin-Blok-Odulu-Yarilanmasi.jpeg" alt="" width="900" height="621"></p>
<p style="text-align: justify">Another cryptocurrency analyst, <a href="https://en.coin-turk.com/bitcoins-next-move-a-prominent-analyst-anticipates-bullish-breakout-beyond-30k/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto</a> Tony, stated that Bitcoin is currently in a “slow ascending” trend but as long as this uptrend remains unbroken, the target of $39,000 – $40,000 could be reached within the next few days.</p>
<p style="text-align: justify"><img decoding="async" class="aligncenter size-full wp-image-283025" src="https://coin-turk.com/wp-content/uploads/2023/11/BTC-Bitcoin-4.jpeg" alt="" width="900" height="448"></p>
<h2 style="text-align: justify" id="current-status-of-btc-price">Current Status of BTC Price</h2>
<p style="text-align: justify">At the time of this writing, Bitcoin is trading at $37,690. Current data reveals that BTC’s price has fallen by 0.31% in the last 24 hours, but it has increased by 1.61% on the weekly chart and by 9.32% over the last 30 days.</p>
<p style="text-align: justify">Taking into account the upcoming block reward halving event, as analysts have highlighted, many indicators suggest that Bitcoin has a clear path ahead. Moreover, the potential 90% chance that the U.S. Securities and Exchange Commission (SEC) will approve the country’s first spot Bitcoin exchange-traded fund (ETF) by February 2024 also indicates that the path ahead for the largest cryptocurrency is promising.</p>
<ul class="summary">
 <li>Bitcoin’s price shows resilience ahead of halving.</li>
 <li>Analysts foresee a significant post-halving surge.</li>
 <li>SEC’s ETF decision may further boost Bitcoin.</li>
</ul> Continue Reading: <a href="https://en.coin-turk.com/bitcoins-rally-amidst-halving-anticipation-analysts-predict-major-upsurge/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/bitcoins-rally-amidst-halving-anticipation-analysts-predict-major-upsurge/</a>

Bitcoin’s Rally Amidst Halving Anticipation: Analysts Predict Major Upsurge

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