Cryptocurrency

COIN

Bitcoin

April

<div class="finbold">
 <p class="paragraph">After languishing below the $30,000 mark for nearly three months, Bitcoin (BTC) has finally broken free, surging past $34,000 in a remarkable rally last week.&nbsp;</p>
 <div></div>
 <p class="paragraph">This surge was largely driven by renewed optimism in the market, fueled by growing expectations of the SEC’s approval of a spot Bitcoin exchange-traded fund (ETF) in the US. With Bitcoin’s resurgence, the crypto community is abuzz with speculation about what the future holds, including the possibility of a new bull run.&nbsp;</p>
 <p class="paragraph">Among those offering insights is renowned <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> <a rel="noopener noreferrer nofollow" title="expert" href="https://thebittimes.com/tag/expert.html">expert</a> Michaël van de Poppe, who, on October 28, shared his thoughts on Bitcoin’s next major resistance, <a rel="noopener noreferrer nofollow" title="pre-halving" href="https://thebittimes.com/tag/pre-halving.html">pre-halving</a> price predictions, and the potential for new all-time highs (ATH).</p>
 <h2 class="wp-block-heading" id="h-poppe-s-analysis">Poppe’s analysis</h2>
 <p class="paragraph">According to Poppe, following its latest breakout, the next major resistance point for Bitcoin lies at $38,000, indicating a price zone where sellers could pick up pace.</p>
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8">
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto">
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/10/30/a99b004e477fd8e5c7360d1ba58bd1e2.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="rich-dad-r-kiyosaki-shares-mix-to-survive-the-greatest-crash-in-world-history">'Rich Dad' R. Kiyosaki shares ‘mix’ to ‘survive the greatest crash in world history’</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/10/30/7f5b621ef7981fe24cdf21683fcaca9b.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="analyst-projects-mega-bounce-and-fireworks-for-xrp-this-is-when">Analyst projects 'mega bounce' and 'fireworks' for XRP; This is when</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/10/29/0dbbb318fb15b1cc6e0b82f3f56e6706.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Stocks 
       <h3 class="font-bold leading-6 " id="coinbase-stock-is-up-110-in-2023-is-coin-still-a-buy">Coinbase stock is up 110% in 2023; Is COIN still a buy?</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/10/30/70dc02b30a85043d32509cb1e7f025f2.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="this-is-when-bitcoin-might-hit-the-highly-anticipated-100k-mark">This is when Bitcoin might hit the ‘highly anticipated’ $100k mark</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/10/30/369c4ca1c855590445f9a3c7d6dbb205.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="these-3-cryptocurrencies-are-reaping-gains-today">These 3 cryptocurrencies are reaping gains today</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">Despite that, the market analyst still believes the maiden cryptocurrency will clear that barrier and surge as high as $45,000 to $50,000 before the next halving event, which is projected to occur in April 2024.</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“I think we’ll see Bitcoin hit resistance at $38K, but most likely we’ll continue towards $45-50K pre-halving.”</p> <cite>– Said poppe in his post. </cite>
 </blockquote>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/AhKOp6sLwG_igF2OTqCqs7Aay4wt4QlDjeqr3KxCeHDYwWhp9N3T0YtCaoUawBRT_2APjB0qK_V0LT_55kq-CzhOh9PWrL2zXyjsnCPefWbNkKWAM9m8ZKhICTIi_ayXRFDKaYRn5rNWIz9tq5ST62Y" alt>
  <figcaption class="wp-element-caption">
   Poppe’s Bitcoin analysis and 2024 prediction. Source: Michaël van de Poppe
  </figcaption>
 </figure>
 <p class="paragraph">But this will hardly be the end of Bitcoin’s price rallies, the <a rel="noopener noreferrer nofollow" title="expert" href="https://thebittimes.com/tag/expert.html">expert</a> predicts.</p>
 <h2 class="wp-block-heading" id="h-poppe-s-prediction-on-new-bitcoin-ath">Poppe’s prediction on new Bitcoin ATH</h2>
 <p class="paragraph">Given that he sees BTC surging to as high as $50,000 before <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a>, the long-awaited event itself should serve as another catalyst. During Bitcoin’s <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a>, the reward miners receive for verifying transactions and adding blocks to the blockchain is reduced by half.&nbsp;</p>
 <p class="paragraph">This reduction in supply, coupled with increasing demand, often leads to a surge in BTC’s price as it becomes scarcer and more sought after by investors.</p>
 <p class="paragraph">That said, Poppe expects the leading <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency to enter a period of “consolidation” and “sideways action for a long period” before it skyrockets and begins “making new ATHs.”&nbsp;</p>
 <p class="paragraph">Meanwhile, we could witness strength in the altcoin market, he concluded.&nbsp;</p>
 <p class="paragraph">Elsewhere, an analyst known as <em>TradingShot</em> offered an even more bullish prediction last week. He said that based on historical data and the timing of previous rallies, BTC could surge as much as 310% and rocket to $100,000 in one of “January 2024, May 2024, July 2024, or October 2024.”&nbsp;</p>
 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2>
 <p class="paragraph">At press time on October 30, Bitcoin was changing hands at $34,389, up 0.39% in the past 24 hours.</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/q9MZ5XuzLci2sEyjGLSgB4_3v2vewTy69Yo9UI0nl6oGyFPEaQFlxKuKTt2we_zxWtufselAJp3uBGJkZLLEjo0jjpQS2kdK2eCgb8GJWiDDyH6m6F3YWr8IQBkjpE3edohJGF-jLIXuTNVi98oA0Zs" alt>
  <figcaption class="wp-element-caption">
   Bitcoin 1-month price chart. Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">The <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> asset rose more than 12% over the past week, and about 27.5% on a monthly basis, adding roughly $145 billion in market cap during that period.&nbsp;</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>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-to-hit-50-000-pre-halving-says-crypto-expert-tbt68305.html">https://thebittimes.com/bitcoin-to-hit-50-000-pre-halving-says-crypto-expert-tbt68305.html</a></p>

Bitcoin to hit $50,000 pre-halving, says crypto expert

목차

TheBitTimes

2023년 10월 30일에 게재된 다른 기사

Cybersecurity Experts Warn of Growing Threat Landscape as Phishing Attacks Soar

Warren & Gensler's Crypto Conundrum: Allegations & Shifting Views Spark Controversy

MAS Allies with Global Regulators for Digital Asset Development!

SBF Trial: Bankman-Fried Under Oath Confesses to Billion-Dollar Ventures

Zodia, Standard Chartered-backed platform, launches Crypto services in Hong Kong

A cryptothief takes $4.4 million in a single day as the cost of the LastPass hack increases.

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!