Bitcoin

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Rekt

<p class="is-style-lead">Several analysts think Bitcoin will see a major parabolic uptrend after the next halving in April 2024.</p> 
<p>Analyst firm <a href="https://twitter.com/rektcapital/status/1732445116479004875/photo/1" target="_blank" rel="noopener">Rekt Capital</a> recently posited a theory outlining the “five phases” of Bitcoin halving. The first phase, the pre-halving period, is marked by potentially lucrative investment returns following any major price drops. According to the analyst, we are currently in this phase, as <a href="https://crypto.news/price/bitcoin/">BTC</a> is constantly fluctuating between $40,000 and $44,000 following its more than 10% surge in November.&nbsp;</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BTC</a><br><br>5 Phases of The Bitcoin Halving<br><br>1. Pre-Halving period<br><br>Approximately 4.5 months remain until the Bitcoin Halving in April 2024<br><br>Historically, any deeper retraces that occur during this period tend to generate fantastic Return On Investment for investors in the several… <a href="https://t.co/FxkOyEtXJT" target="_blank">pic.twitter.com/FxkOyEtXJT</a></p>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1732445116479004875?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 6, 2023</a>
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<p>As the <a href="https://crypto.news/blockstreams-adam-back-bets-bitcoin-could-reach-1m-after-2024-halving/">halving</a> nears, a pre-halving rally is expected, driven by investors looking to capitalize on the hype. However, this is often followed by a pre-halving retrace, as seen in 2016 and 2020, with 38% and 20% dips, respectively. During the post-halving period, a re-accumulation phase sets in, characterized by investor impatience and boredom. The culmination is a parabolic uptrend, propelling Bitcoin to new all-time highs.</p> 
<p> You might also like: <a href="https://crypto.news/analyst-says-bitcoins-fall-no-reason-to-panic/"> Analyst says Bitcoin’s fall no reason to panic </a> </p> 
<p>Head of the Blockware analysts’ team, <a href="https://twitter.com/MitchellHODL/status/1734243958371344423" target="_blank" rel="noopener">Mitchell</a>, challenges the common belief that the halving’s impact diminishes over time. He recently argued that the diminishing new supply percentage doesn’t consider the decreasing available supply due to Bitcoin holders.&nbsp;</p> 
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   <p lang="en" dir="ltr">"The <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a> halving has a diminishing effect because the change in issuance is a smaller % of the total supply."<br><br>Here's why I think this is flawed:<br><br>1. Doesn't account for the amount of supply that's actually available, which decreases overtime as HODLers accumulate.<br><br>2. Price… <a href="https://t.co/BQjgFZbzuF" target="_blank">pic.twitter.com/BQjgFZbzuF</a></p>— Mitchell 🇺🇸🚀 (@MitchellHODL) <a href="https://twitter.com/MitchellHODL/status/1734243958371344423?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 11, 2023</a>
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<p>Additionally, he emphasized the importance of price determination at the margin and predicted a massive demand influx as <a href="https://crypto.news/bitcoins-open-interest-declines-as-btc-falls-below-42k/">Bitcoin</a> reaches its parabolic adoption phase, tapping into global wealth and savings.</p> 
<p>Adding to these insights, <a href="https://twitter.com/scottmelker/status/1729620846585553278?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1729620846585553278%7Ctwgr%5E5729d0e3cde6458016631bb8b8a16503fb62d3d8%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.ccn.com%2Fnews%2Fbitcoin-wall-street-100k-2024-stocks%2F" target="_blank" rel="noopener">Scott Melker</a>, known as the Wolf of All Streets, aligns with Standard Chartered Bank’s forecast of Bitcoin hitting $100,000 by the end of 2024. Key drivers for this prediction include the expected approval of U.S.-based spot Bitcoin ETFs and the halving event itself. </p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BITCOIN</a> TO HIT 100K BY THE END OF 2024?<br><br>Standard Chartered Bank maintains its forecast from April that Bitcoin (BTC) will reach $100,000 by the end of 2024. A major factor in this prediction is the anticipated approval of several U.S.-based spot Bitcoin ETFs in the first… <a href="https://t.co/TQefOBv1Ty" target="_blank">pic.twitter.com/TQefOBv1Ty</a></p>— The Wolf Of All Streets (@scottmelker) <a href="https://twitter.com/scottmelker/status/1729620846585553278?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 28, 2023</a>
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<p>These ETFs, potentially including Bitcoin and Ethereum, are anticipated to attract significant institutional investment. The bank also notes Bitcoin’s growing market dominance, fueling optimism for a quicker price increase.</p> 
<p><br><em><strong>Disclaimer:</strong> This article is for informational purposes only and does not constitute financial or investment advice. Always conduct your research and due diligence, or consult a financial advisor before making investment decisions.</em></p>

Bitcoin halving 2024: Expert predictions point to major BTC price surge

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