Bitcoin

<p>The post <a href="https://coinpedia.org/news/bitcoin-btc-price-to-hit-this-level-before-etf-approval-halving/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Price to Hit This Level Before ETF Approval &amp; Halving</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>After showing a strong resistance level at $36,700 bitcoin is set to hit a new milestone. A renowned crypto trader Michaël van de Poppe recently speculated that, if the current momentum persists, Bitcoin could witness a surge to the $45,000-$50,000 range.&nbsp;</p>
<h2 class="wp-block-heading" id="h-btc-to-hit-45-50k-nbsp">BTC To Hit $45-50K&nbsp;</h2>
<p>In a recent tweet that created a buzz in the crypto world, Michaël van de Poppe shared his thoughts on where Bitcoin might be headed. He believes that if the current positive momentum continues, Bitcoin could go up to somewhere between $45,000 and $50,000.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> fighting the resistances. <br><br>It might be likely that we'll see $45-50K pre-ETF approval &amp; pre-halving.</p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1729762688270541282?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 29, 2023</a>
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<p>This surge in Bitcoin’s value is largely influenced by a renewed sense of positivity in the market. People are getting hopeful because there’s growing anticipation that the U.S. Securities and Exchange Commission (SEC) might give the green light to a Bitcoin exchange-traded fund (ETF). Think of an ETF as a new way for people to invest in Bitcoin.</p>
<h2 class="wp-block-heading" id="h-bitcoin-halving-139-days-away">Bitcoin Halving 139 Days Away</h2>
<p>Adding to what Michaël van de Poppe said, there’s another big thing to consider—the upcoming Bitcoin halving event, just <a href="https://coinpedia.org/price-analysis/bitcoins-predicted-surge-analyst-unveils-2024-halving-event-forecast/" rel="noopener noreferrer nofollow">139 days</a> away. When this happens, the reward that Bitcoin miners get for doing the heavy lifting in verifying transactions and adding them to the blockchain is cut in half.</p>
<p>This reduction in the supply of new Bitcoins, paired with a growing demand, typically sets the stage for a surge in BTC’s price. As the cryptocurrency becomes scarcer and more desirable to investors, the anticipation surrounding this event adds an extra layer of excitement to the market.</p>
<p>As the crypto community eagerly awaits further developments, market participants are left contemplating the possible scenarios that may unfold in the coming weeks.&nbsp;</p>

Bitcoin (BTC) Price to Hit This Level Before ETF Approval & Halving

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