Bitcoin ETF

Bitcoin

Rekt

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-prepares-for-correction-before-next-halving/" data-wpel-link="internal">Bitcoin Prepares for Correction Before Next Halving</a> 
<a href="https://coin-turk.com/kripto-uzmani-2022-yilini-degerlendirirken-bitcoin-ocak-ayi-ongorusunu-paylasti" data-wpel-link="internal">Bitcoin</a>‘in 13 Mart’ta tüm zamanların en yüksek seviyesi olan 73.700 dolara ulaşmasına rağmen tarihsel grafik modellerine göre <a href="https://en.coin-turk.com/bitcoin-whales-accumulate-despite-price-struggles/" data-wpel-link="internal">Bitcoin</a> halving öncesi bir düzeltmeye hazırlanıyor olabilir. Paritede aşırı ısınma belirtileri artıyor ve Bitcoin fiyatı Nisan ayında gerçekleşecek olan halving etkinliğinden önce önemli bir düşüş yaşayabilir. Rekt Capital, bunun 2020’deki halving öncesi %20’lik düzeltme ve 2016 halving etkinliğinden önceki %38’lik geri çekilme ile aynı çizgide olacağını söylüyor. 
<h2 class="p1" style="text-align: justify" id="what-to-expect-for-bitcoin">What to Expect for Bitcoin?</h2> 
Prominent analyst Rekt Capital forecasts a pullback that could last up to 77 days, but the decline may be smaller compared to previous cycles. The analyst stated: 
<blockquote> 
 “This year, Bitcoin experienced a pullback of 18% in January and 14% at the beginning of March. Therefore, if a pre-halving pullback occurs, it is likely to be shallower rather than deeper.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-326992 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/btc-haftalik-grafik.jpg" alt="" width="1794" height="1202"> 
According to historical data shared by Ecoinometrics in a post dated March 12, Bitcoin has not yet caught up with the growth trajectory of previous halving cycles. The post stated: 
<blockquote> 
 “Had Bitcoin followed a similar growth trajectory to the last two cycles, we would have expected a Bitcoin token to be valued between $100,000 and $300,000.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-326991 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/halving-scaled.jpg" alt="" width="2560" height="2560"> 
Therefore, the current price action still has room to continue, especially since the previous all-time high price can now act more as a launch ramp upwards before the halving. According to Rekt Capital, Bitcoin successfully retested its all-time high of $69,200 and the analyst wrote in a post dated March 12 that this price is now acting as a new support line. 
<h2 class="p1" style="text-align: justify" id="prominent-firm-s-striking-bitcoin-prediction">Prominent Firm’s Striking Bitcoin Prediction</h2> 
According to a note sent to clients on March 11, asset management firm Bernstein expects Bitcoin to reach around $150,000 by mid-2025 following the halving event. Bernstein analysts Gautam Chhugani and Mahika Sapra anticipate a surge in Bitcoin’s price post-halving. 
The increasing demand for spot Bitcoin exchange-traded funds (ETFs) has made them more confident about their price targets first published in 2023: 
<blockquote> 
 “We estimate an additional $10 billion in inflows for 2024 and $60 billion for 2025. Since the launch of the ETF on January 10, Bitcoin ETF inflows have already exceeded $9.5 billion in just 40 trading days.” 
</blockquote> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-prepares-for-correction-before-next-halving/" data-wpel-link="internal">Bitcoin Prepares for Correction Before Next Halving</a></h5>

Bitcoin Prepares for Correction Before Next Halving

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