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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoins-upcoming-halving-and-its-impact-on-prices/" data-wpel-link="internal">Bitcoin’s Upcoming Halving and Its Impact on Prices</a><br></p>
<p style="text-align: justify">The leading cryptocurrency <strong><a href="https://coin-turk.com/tone-vays-2023-ve-2025-bitcoin-hedeflerini-ilan-etti-unlu-kripto-yorumcusunun-piyasa-tahminleri" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/bitcoin-halving-ne-zaman-neler-olacak-uzman-yorumlari" data-wpel-link="internal">BTC</a>)</strong> is on the verge of a major development known as halving in the last 24 hours. This event, a fundamental feature of <a href="https://en.coin-turk.com/parabolic-rally-after-the-block-reward-halving-is-inevitable/" data-wpel-link="internal">Bitcoin</a>‘s economic model, aims to control inflation by halving mining rewards. This will be the fourth halving, with the block reward expected to decrease from 6.25 Bitcoin to 3.125 Bitcoin.</p> 
<h2 id="the-effect-of-halving-on-btc">The Effect of Halving on BTC</h2> 
<p style="text-align: justify">Following the upcoming development, <a href="https://en.coin-turk.com/he-said-the-last-word-critical-bitcoin-warning-from-experienced-analyst/" data-wpel-link="internal">BTC</a>‘s price has been moving sideways between $73,800 and $60,000 since the beginning of March. This solid support, despite geopolitical tensions in the Middle East, could indicate a suitable opportunity for accumulation. Bitcoin is currently trading at $64,864, indicating a daily gain of 2.03%. The token’s market value is $1.275 trillion, with a 24-hour volume of $50.9 billion.</p> 
<p style="text-align: justify">A recent report by the cryptocurrency analytics firm <strong>IntoTheBlock</strong> points to a recurring rise in Bitcoin prices following each halving event. The firm’s chart shows that this upward trend generally continues for about a year after the halving. Therefore, a potential recovery could challenge the immediate resistance levels of $61,750 and $73,800. Dogwifhat or <strong>WIF,</strong> is a meme token gaining popularity in the <a href="https://en.coin-turk.com/jupiter-exchange-steps-up-to-aid-investors-after-slerf-memecoin-pre-sale-loss/" data-wpel-link="internal">Solana</a> blockchain ecosystem.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-342259 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/wif.png" alt="" width="1946" height="893"></p> 
<h2 id="latest-on-altcoins">Latest on Altcoins</h2> 
<p style="text-align: justify"><strong>Bitcoin</strong> price consolidation is followed by WIF’s price resonating between $3.17 and $1.95 for over a week. This meme token is currently trading at $2.87, heading towards challenging the downward trend line at $3.173 with a daily gain of 12%. Dogfiwhat <strong>token</strong> currently stands as the 40th largest cryptocurrency with a market value of $2.89 billion, while its trading volume has risen to $724.5 million since yesterday. A potential breakout from the general trend line could signal the end of the correction trend, following which it could pursue potential targets of $4.34 and $4.85.</p> 
<p style="text-align: justify">Meanwhile, <strong>TIA</strong> price has been under active correction along two downward trend lines since the beginning of February. The <a href="https://coin-turk.com/ftx-ve-solana-116-dolarlik-sol-coin-neler-olacak" data-wpel-link="internal">Altcoin</a> has retreated from a peak of $21.4 to $7.28, recording a 65.6% loss. However, amid the current consolidation, Celestia’s price has risen to $10.92 and may be preparing to challenge the overall trend line at $11.5. The indicated breakout could provide an early sign of trend reversal and support buyers to move above $15 and $18.5.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoins-upcoming-halving-and-its-impact-on-prices/" data-wpel-link="internal">Bitcoin’s Upcoming Halving and Its Impact on Prices</a></h5>

Bitcoin’s Upcoming Halving and Its Impact on Prices

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