Bitcoin ETF

Bitcoin

April

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 <p class="paragraph">With less than five days left until the monumental fourth Bitcoin (BTC) <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> event, during which the reward for mining the original cryptocurrency will reduce in half, many crypto analysts are optimistic that a price rally will follow, including one that sees Bitcoin soaring to $80,000 shortly afterward.</p>
 <p class="paragraph">Specifically, Bitcoin’s 3-day chart remains bullish despite this weekend’s consolidation below the critical psychological level at $70,000, and $80,000 could be in store soon, according to the observations shared by pseudonymous crypto industry expert <em>CryptoJelleNL </em>in an X post on April 15.</p>
 <figure class="wp-block-image"><img decoding="async" width="800" height="405" src="https://cdn.thebittimes.com/images/2024/04/15/5fb877933576899f09722448a427079b.webp" alt="Bitcoin price chart pattern analysis" class="wp-image-169023" srcset="https://cdn.thebittimes.com/images/2024/04/15/5fb877933576899f09722448a427079b.webp 800w, https://cdn.thebittimes.com/images/2024/04/15/5fb877933576899f09722448a427079b.webp 300w, https://cdn.thebittimes.com/images/2024/04/15/5fb877933576899f09722448a427079b.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption"><em>Bitcoin price chart pattern analysis. Source: </em><em>CryptoJelleNL</em>
  </figcaption>
 </figure>
 <p class="paragraph">Indeed, the estimated Bitcoin <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> date currently stands at April 19, 2024, 18:07 Universal time Coordinated (UTC), which means that there are only four days left until one of the digital asset’s historically most bullish catalysts takes place, and its massive week has only just started.</p>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="462" src="https://cdn.thebittimes.com/images/2024/04/15/26ca10ac964b41d142d029ad7e858618.webp" alt="Bitcoin halving date ETA" class="wp-image-169026" srcset="https://cdn.thebittimes.com/images/2024/04/15/26ca10ac964b41d142d029ad7e858618.webp 1024w, https://cdn.thebittimes.com/images/2024/04/15/26ca10ac964b41d142d029ad7e858618.webp 300w, https://cdn.thebittimes.com/images/2024/04/15/26ca10ac964b41d142d029ad7e858618.webp 768w, https://cdn.thebittimes.com/images/2024/04/15/26ca10ac964b41d142d029ad7e858618.webp 1212w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>Bitcoin <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> date ETA. Source: </em><em>NiceHash</em>
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 <h2 class="wp-block-heading" id="h-btc-price-prediction">BTC price prediction</h2>
 <p class="paragraph">On top of that, the crypto trading analyst earlier pointed out that the flagship decentralized finance (DeFi) asset was still holding above its previous cycle highs, suggesting that “everything is going to be okay” during this time around and adding a chart to drive the point home.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="800" height="650" src="https://cdn.thebittimes.com/images/2024/04/15/19dd553408d165076cdb75b8e8413d7f.webp" alt="Bitcoin price previous cycle highs" class="wp-image-169022" srcset="https://cdn.thebittimes.com/images/2024/04/15/19dd553408d165076cdb75b8e8413d7f.webp 800w, https://cdn.thebittimes.com/images/2024/04/15/19dd553408d165076cdb75b8e8413d7f.webp 300w, https://cdn.thebittimes.com/images/2024/04/15/19dd553408d165076cdb75b8e8413d7f.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption"><em>Bitcoin price previous cycle highs. Source: </em><em>CryptoJelleNL</em>
  </figcaption>
 </figure>
 <p class="paragraph">On top of that, another renowned crypto expert, Ali Martinez, has highlighted that the Bitcoin realized profit/loss ratio has fallen below 1, suggesting that investors are currently realizing more losses than profits,” which has traditionally indicated a local bottom for BTC over the past six months.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="800" height="449" src="https://cdn.thebittimes.com/images/2024/04/15/405af25c059581e1b0b666b937b76ef4.webp" alt="Bitcoin realized profit/loss ratio" class="wp-image-169024" srcset="https://cdn.thebittimes.com/images/2024/04/15/405af25c059581e1b0b666b937b76ef4.webp 800w, https://cdn.thebittimes.com/images/2024/04/15/405af25c059581e1b0b666b937b76ef4.webp 300w, https://cdn.thebittimes.com/images/2024/04/15/405af25c059581e1b0b666b937b76ef4.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption"><em>Bitcoin realized profit/loss ratio. Source: </em><em>Ali Martinez</em>
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 </figure>
 <p class="paragraph">For now, Bitcoin is trading at $66,070, suggesting an increase of 3.10% in the last 24 hours, as it moves to recover from the 8.43% drop from across the previous seven days and the loss of 3.24% accumulated on its monthly chart, as per the most recent price data.</p>
 <figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="448" src="https://cdn.thebittimes.com/images/2024/04/15/04a25285a732e0f6b5aa1e3a8d81f6af.webp" alt="Bitcoin price 24-hour chart" class="wp-image-169027" srcset="https://cdn.thebittimes.com/images/2024/04/15/04a25285a732e0f6b5aa1e3a8d81f6af.webp 750w, https://cdn.thebittimes.com/images/2024/04/15/04a25285a732e0f6b5aa1e3a8d81f6af.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption"><em>Bitcoin price 24-hour chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">All things considered, the largest asset in the crypto market is approaching one of its most important events, which is almost certain to have an immense impact on its price. However, setting a precise Bitcoin price prediction is difficult so doing one’s own research before investing is critical.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-halving-days-away-analyst-predicts-imminent-surge-to-80-000-tbt85381.html">https://thebittimes.com/bitcoin-halving-days-away-analyst-predicts-imminent-surge-to-80-000-tbt85381.html</a></p>

Bitcoin halving days away: Analyst predicts imminent surge to $80,000

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