Satoshi

Satoshi Nakamoto

Bitcoin

Chainlink

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/insights-on-bitcoin-halving-and-altcoin-trends-from-analyst-van-de-poppe/" data-wpel-link="internal">Insights on Bitcoin Halving and Altcoin Trends from Analyst Van de Poppe</a> 
<ul class="Summary"> 
 <li><a href="https://en.coin-turk.com/bitcoin-to-surge-in-2024-expert-predicts-100-price-jump/" data-wpel-link="internal">Bitcoin</a> halving is approaching, exciting the crypto community.</li> 
 <li>Analyst Michaël van de Poppe shares optimistic views on Bitcoin.</li> 
 <li>He also suggests a potential end to the long bear market in altcoins.</li> 
</ul> 
With just over three hours left until the halving, there are 27 more blocks to be mined in the cryptocurrency world. This process is being watched eagerly, with many turning their attention to analysts for insights. One prominent market analyst made some notable remarks on the topic. 
<h2 style="text-align: justify" id="analyst-micha-l-van-de-poppe-s-pre-halving-comments-on-bitcoin">Analyst Michaël van de Poppe’s Pre-Halving Comments on Bitcoin</h2> 
Well-known for his cryptocurrency insights, analyst Michael van de Poppe mentioned that the Bitcoin halving is drawing near and suggested that relief for Bitcoin might also be close. 
To explain what Bitcoin halving is, it’s a pre-programmed event by Satoshi Nakamoto that occurs approximately every four years, aiming to cut Bitcoin inflation in half and reduce the mining rewards by the same proportion. 
Analysts and experts are making predictions one after another as the next Bitcoin halving is expected to happen in the coming hours. 
Famous analyst Michaël van de Poppe told his thousands of followers on social media platform X that Bitcoin is presenting a favorable outlook to tackle the $61,000 price region. 
<blockquote> 
 It’s quite likely that Bitcoin will make a significant jump from this region as the halving approaches and narratives change, gradually reducing the excitement around Bitcoin. 
</blockquote> 
The analyst notes that, as of writing, Bitcoin has managed to recover and is trading above the $64,000 region again, according to plan. 
<blockquote> 
 Bitcoin halving day! Good response from the low range. Everything looks great. 
</blockquote> 
At the time of writing, Bitcoin has seen a 0.4% increase over the last 24 hours, trading at $64,100. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-342411" src="https://coin-turk.com/wp-content/uploads/2024/04/btc-63-700-coin-turk-com.png" alt="" width="768" height="410"> 
<h2 id="van-de-poppe-and-his-altcoin-commentary">Van de Poppe and His Altcoin Commentary</h2> 
Changing his view on altcoins, Van de Poppe suggested that the long bear market might have already ended. 
<blockquote> 
 The altcoin bear market has been ongoing for three years. The bottom could have been last week. 
</blockquote> 
Particularly focusing on one of the most talked-about altcoins in the blockchain world, <a href="https://en.coin-turk.com/chainlink-link-poised-for-potential-price-surge/" data-wpel-link="internal">Chainlink</a>, the analyst highlights that <a href="https://en.coin-turk.com/analysts-alarming-warning-cryptocurrency-markets-will-be-very-different-this-time/" data-wpel-link="internal">LINK</a> is well-positioned in transactions against BTC. 
<blockquote> 
 Chainlink is a significant value to look for in this BTC valuation. 
</blockquote> 
At the time of writing, LINK had experienced a 1.6% increase over the last 24 hours, trading at 0.00022 BTC ($13.78). 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-342412" src="https://coin-turk.com/wp-content/uploads/2024/04/btc-link-coin-turk-com.png" alt="" width="770" height="409"> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/insights-on-bitcoin-halving-and-altcoin-trends-from-analyst-van-de-poppe/" data-wpel-link="internal">Insights on Bitcoin Halving and Altcoin Trends from Analyst Van de Poppe</a></h5>

Insights on Bitcoin Halving and Altcoin Trends from Analyst Van de Poppe

Table of Contents

COINTURK NEWS

Other articles published on Apr 19, 2024

'I Do Hold a Lot of Ripple Stock': Ripple CTO Ends Loyalty Speculations

How Scorpion Casino Compares to Other Crypto Casinos – SCORP Token Off To Great Start on Exchanges

Here’s Ripple CEO’s prediction for post-Bitcoin halving market

Everything You Need To Know About Xuirin: A Pioneer in DeFi Debit Cards

Will Ethereum-Based Tokens Rebound As Top Altcoins Stumble Again?

Enhancing Product Security with LTO Network and Scantrust

Join our free newsletter for daily crypto updates!