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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-currencies-predicting-the-next-surge/" data-wpel-link="internal">Crypto Currencies: Predicting the Next Surge</a> 
Historical data significantly aids in making consistent predictions about future prices. However, it does not show the future. Those who remember will recall how analysts who claimed that a price below $20,000 was impossible were proven wrong. So, what does this data tell us if there are no surprises again? 
<h2 style="text-align: justify" id="the-future-of-cryptocurrencies">The Future of Cryptocurrencies</h2> 
This major development indicates a new rise in the markets. Of course, a rise in crypto requires an increase in BTC price, and fundamentally, this signal is used for optimistic predictions about the <a href="https://en.coin-turk.com/potential-bitcoin-etf-approval-not-a-bearish-event-says-coinshares-strategist/" data-wpel-link="internal">Bitcoin</a> price. 
The king cryptocurrency tends to see all-time highs (at least for some of them) when it reaches and surpasses its ATH level. 
<h3 style="text-align: justify" id="bitcoin-block-reward-halving">Bitcoin Block Reward Halving</h3> 
Most analysts believe that the halving, which is less than 70 days away, will trigger the anticipated rise for cryptocurrencies. Historically, when the newly issued supply of Bitcoin is halved, the BTC price increases. This is the key event in the four-year cycles. 
In April 2024, the miner reward per block will drop from 6.25 to 3.125 BTC. Historical data suggests that a halving can start a journey to all-time highs and beyond. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-315813 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/Rekt-Capital.jpeg" alt="" width="1200" height="873"> 
Indeed, Rekt Capital draws attention to this and shares a prediction of $100,000. A second analyst known as Lady of Crypto suggests that the ATH level will be reached by November 2024. Finally, Timothy Peterson, an investment manager at Cane Island Alternative Advisors, targets $100,000 for an earlier date, August 2024. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-315814 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/Lady-BTC-Tahmin.jpg" alt="" width="1920" height="1080"> 
Historically, the most accurate data is based on halving charts, and if there are no major surprises, we might see the same scenario unfold again. Moreover, we know that after the halving event, the Federal Reserve is expected to start cutting interest rates within a few meetings. This will mean a weakening of macroeconomic pressures. 
However, even though the four-year cycles have been successful to date, not all investors have made profits. The reason for this is the intermediate corrections and the ability of FUD to create psychological pressure that makes investors give up early in every period. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-currencies-predicting-the-next-surge/" data-wpel-link="internal">Crypto Currencies: Predicting the Next Surge</a></h5>

Crypto Currencies: Predicting the Next Surge

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