2024

Bitcoin

<p>The post <a href="https://coinpedia.org/news/pandora-token-surged-13x-is-it-worth-investing-in-this-new-token-2/">Analysts Say Bitcoin To Hit $35K Before Hitting This Level, As We Are In Consolidation Phase</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Get ready for a journey into the world of Bitcoin as Stockmoney Lizards, a renowned crypto analyst, unfolds insights about its future. The spotlight is on the upcoming Bitcoin halving event, and Stockmoney Lizards predicts a potential surge, foreseeing a $250,000 price for Bitcoin based on its past halving patterns.</p> 
<h2 class="wp-block-heading" id="h-halving-patterns-unveiled"><strong>Halving Patterns Unveiled</strong></h2> 
<p>In a recent tweet, Stockmoney Lizards showcased Bitcoin’s halving cycle, revealing price fluctuations before and after the event. This cycle analysis is the key to predicting what might happen in the upcoming Bitcoin halving.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <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">#Bitcoin</a> Halving drives BTC scarcity. This has ALWAYS been the starting point for a great bull run melting faces.<br><br>And yet, many will be too afraid or are still waiting for lower prices to get in. Fact is: we are still in the pre-halving consolidation, and maybe we hit 35k… But… <a href="https://t.co/KBboltnj3N">pic.twitter.com/KBboltnj3N</a></p>— Stockmoney Lizards (@StockmoneyL) <a href="https://twitter.com/StockmoneyL/status/1754806104008040615?ref_src=twsrc%5Etfw">February 6, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Let’s rewind to previous halvings. In 2012, Bitcoin started at $32, jumping to over $1,200 post-halving. The 2016 halving saw a drop to $650, followed by a record high of $19,783, marking a phase known as “Crypto Winter.” In 2020, Bitcoin, valued at $9,000 before the halving, surged to a peak of $68,000, settling around $20,000.</p> 
<p><strong>Current Market State</strong></p> 
<p>Stockmoney Lizards suggests a <a href="https://coinpedia.org/news/bitcoin-price-prediction-post-halving-mikybullcrypto-predicts-btc-price-target-for-february/">pre-halving</a> consolidation phase, anticipating a dip to $35,000. However, the crystal ball also reveals a potential surge of over 100%, projecting a Bitcoin price around $250,000 within the next 6 months post-halving.</p> 
<h2 class="wp-block-heading" id="h-what-s-influencing-bitcoin-s-price">What’s Influencing Bitcoin’s Price?</h2> 
<p>Behind these predictions are various factors like technical analysis and market sentiment. Currently, Bitcoin is trading at <a href="https://markets.coinpedia.org/bitcoin/?_gl=1*1b3s1io*_ga*NTQzNDc3MzQ4LjE2OTcxODMzODc.*_ga_RE1GG3FGQW*MTcwNzIwMzM1Ny45NC4xLjE3MDcyMjQyMjAuNTYuMC4w">$42,661</a>, showing a 1.9% decrease over the past week. The 24-hour trading volume indicates a 24.1% decline, with the market cap around $835.12 billion.</p> 
<p>As we navigate the twists and turns of Bitcoin’s journey, Stockmoney Lizards serves as our guide. Will Bitcoin hit the predicted $250,000 post-halving? Only time will tell</p>

Analysts Say Bitcoin To Hit $35K Before Hitting This Level, As We Are In Consolidation Phase

Table of Contents

CoinPedia News

Other articles published on Feb 6, 2024

This Investor Lost $100 Million to Crypto

DeeStream (DST) Excelling Presale Targets, Gains Could Surpass Chainlink (LINK) and Solana (SOL)

Solana Crypto Is HUGE! But This AltCoin Gem Can Surprise You

Binance to Cancel Listings on Leak, Offers $5M Reward

Hedera, Saudi Ministry ink $250m deal to drive web3 development

Crypto Poses Harm to the Financial System: Treasury Secretary

Join our free newsletter for daily crypto updates!