Rally

2024

Bitcoin

Coin

<ul class="news-points"> 
 <li><strong>Analyst said that Bitcoin might reach $48,000 or $51,000 before halving.</strong></li> 
 <li><strong>Bitcoin’s volatility tightened, suggesting that notable price fluctuations might be minimal.</strong></li> 
 <li><strong>The accumulation of Bitcoin by large entities increased, indicating a possible recovery.</strong></li> 
</ul> 
<p>According to Michaël van de Poppe, founder of MN Trading, the price of <a href="https://coinedition.com/crypto-analyst-spots-unusual-behavior-in-top-bitcoin-price-metrics/">Bitcoin (BTC)</a> might hit between $48,000 and $51,000 before the next halving. The analyst, in his post, admitted that the coin’s consolidation has made the price action “boring.”</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> consolidating and acting in a boring manner.<br><br>Probably it will look for a higher low after which we're having a slight pre-halving push to $48-51K. <a href="https://t.co/eu0DE4kYmN" target="_blank" rel="nofollow">pic.twitter.com/eu0DE4kYmN</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1752972606511222946?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 1, 2024</a>
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<p>Nevertheless, the analyst’s opinion meant that BTC could jump more than 20% before the event, which is less than 100 days away. Van de Poppe’s opinion could be valid considering Bitcoin’s historical performance.&nbsp;&nbsp;&nbsp;</p> 
<h2 class="wp-block-heading" id="h-btc-to-repeat-historical-performance">BTC To Repeat Historical Performance?</h2> 
<p>For instance, before the July 2016 second halving, <a href="https://coinedition.com/bitcoin-btc-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin’s price</a> climbed from $392 to $604. A similar scenario happened just before the May 2020 halving…</p>
<p>The post <a href="https://coinedition.com/analysts-predict-a-significant-bitcoin-btc-pre-halving-rally/">Analysts Predict a Significant Bitcoin (BTC) Pre-Halving Rally</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Analysts Predict a Significant Bitcoin (BTC) Pre-Halving Rally

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