Bitcoin

<p>The post <a href="https://coinpedia.org/price-analysis/bitcoin-halving-prediction-btc-price-to-surge-190-in-next-3-months/">Bitcoin Halving Prediction: Analyst Predicts 190% BTC Price Surge Over Next 3 Months</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Get ready for some exciting developments as <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin</a> gears up for its halving event in just 70 days! InvestAnswers, a go-to source for investment insights, has dropped a bombshell prediction about Bitcoin’s potential to skyrocket. After taking a month-long breather, Bitcoin is back in the game, hitting a record jump at $44K, and analysts credit this to pre-halving gains. </p> 
<p>Now, let’s dive into the details of what InvestAnswers has to say about the future of Bitcoin.</p> 
<h2 class="wp-block-heading" id="h-nbsp-a-bullish-forecast"><strong>&nbsp;A Bullish Forecast </strong></h2> 
<p>With an audience of almost half a million subscribers on YouTube, the InvestAnswers host is known for decoding investment trends. In a recent video, he shared an optimistic outlook, predicting a whopping 190% surge for <a href="https://markets.coinpedia.org/bitcoin/" target="_blank" rel="noreferrer noopener">Bitcoin within the next six months</a>. His analysis takes into account historical trends, supply dynamics, and the current market sentiments.</p> 
<p>InvestAnswers emphasizes the significance of the upcoming <a href="https://coinpedia.org/price-analysis/bitcoin-pre-halving-rally-begins-now-some-believe-btc-price-may-reach-50000-this-month/">Bitcoin Halving</a> in April. This event, where miners’ rewards are halved, historically triggers substantial pumps in BTC. Drawing from past halving events, the analyst notes a pattern where Bitcoin tends to turn former resistance levels into new support levels approximately three months before and after the halving.</p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/bitcoin-btc-price-to-hit-ath-in-next-12-months/">Bitcoin (BTC) Price To Hit ATH in Next 12 Months</a></p> 
<h2 class="wp-block-heading" id="h-demand-vs-supply-driving-bitcoin-s-rise">Demand vs. Supply Driving Bitcoin’s Rise</h2> 
<p>Central to the InvestAnswers host’s bullish sentiment is the observed imbalance between Bitcoin demand and supply. Despite the surge in demand from <a href="https://coinpedia.org/news/spot-bitcoin-etfs-soar-as-21shares-celebrates-historic-success-vaneck-faces-challenges-whats-next-for-crypto/">spot ETF</a> providers, the newly mined BTC doesn’t match up. Even with conservative estimates, the demand significantly outweighs the supply, forming the foundation for the analyst’s positive outlook on Bitcoin.</p> 
<p>Moreover, the analyst quashes concerns about potential sell-off pressure from miners. The strong demand from spot ETF providers is expected to absorb any excess supply, showcasing confidence in the market’s ability to handle newly mined Bitcoin without causing a significant drop in prices.</p> 
<h2 class="wp-block-heading" id="h-market-check-recent-rise-and-future-analysis">Market Check: Recent Rise and Future Analysis</h2> 
<p>At the time of analysis, Bitcoin was trading at $44,802, marking a 3.87% gain in the last 24 hours. The key takeaway here is a recurring pattern in the cryptocurrency market: a phase of rejections before the halving event, followed by a shift to a more <a href="https://coinpedia.org/price-analysis/bitcoin-price-may-hit-51500-before-the-halving-but-theres-a-catch/">bullish sentiment</a> post-halving. If history repeats itself, Bitcoin might be on the brink of a new all-time high as it approaches the eagerly awaited halving event, potentially revisiting the black trend line resistance seen in previous cycles.</p> 
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Bitcoin Halving Prediction: Analyst Predicts 190% BTC Price Surge Over Next 3 Months

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