Bitcoin

Momentum

April

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-maintains-momentum-as-halving-event-draws-near" rel="noopener noreferrer nofollow">Bitcoin Maintains Momentum as Halving Event Draws Near</a><br></p>
<p style="text-align: justify">As March draws to a close, <a href="https://en.bitcoinhaber.net/bitcoins-price-surge-backed-by-etf-activity-and-record-blackrock-reserves" rel="noopener noreferrer nofollow">Bitcoin</a>‘s value sustains above the $70,000 mark, setting the stage for heightened anticipation around the <a href="https://en.bitcoinhaber.net/signs-of-an-emerging-altcoin-surge-detected-by-market-analysts" rel="noopener noreferrer nofollow">cryptocurrency</a>‘s halving event slated for April. This milestone, which slashes the reward for <a href="https://en.bitcoinhaber.net/bitcoin-miners-reduce-reserves-as-market-dynamics-shift" rel="noopener noreferrer nofollow">mining</a> new blocks, has historically influenced Bitcoin’s price, making the current record highs a focal point of interest. Market analyst Michael van de Poppe has reiterated his confidence in Bitcoin’s four-year cyclical trend, predicting that what seems expensive today will appear economical in the coming years.</p>
<h2 id="analyst-van-de-poppe-reaffirms-bitcoin-s-cyclical-behavior">Analyst Van de Poppe Reaffirms Bitcoin’s Cyclical Behavior</h2>
<p style="text-align: justify">Michael van de Poppe, a well-known figure in the digital currency discourse, recently communicated his insights on Bitcoin’s pricing trends to his audience. He underscored the continued relevance of the four-year cycle, speculating that the current value will be perceived as a bargain in retrospect. Van de Poppe’s perspective aligns with the surprising pre-halving price surge, prompting market participants to monitor the cryptocurrency’s performance keenly.</p>
<h2 id="bitcoin-s-price-fluctuates-amidst-market-uncertainty">Bitcoin’s Price Fluctuates Amidst Market Uncertainty</h2>
<p style="text-align: justify">Bitcoin’s trading range has been relatively stable, oscillating between $68,500 and $71,000, leading to speculation regarding its next move. This uncertainty is particularly palpable among traders with open long and short positions. Recent data reveals a balanced scale of liquidations in the market, indicating a split sentiment among investors. As the halving event looms, many hope for a supply-induced price increase, possibly propelling Bitcoin toward the $80,000 threshold.</p>
<p style="text-align: justify">In anticipation of the upcoming supply cut, stakeholders in the cryptocurrency domain are eyeing the halving event, with the prospect of a reduced supply potentially driving prices upward. Historical data suggests that April could bring further gains for Bitcoin, fostering optimism among investors. The question remains whether Bitcoin will adhere to the projected four-year cycle trajectory as posited by Van de Poppe.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-maintains-momentum-as-halving-event-draws-near" rel="noopener noreferrer nofollow">Bitcoin Maintains Momentum as Halving Event Draws Near</a></h5>

Bitcoin Maintains Momentum as Halving Event Draws Near

목차

BH NEWS

2024년 3월 30일에 게재된 다른 기사

LUNC Price Rallied 400%, Analyst Predicts Further 270% Upside on Breakout

Fed Chair Jerome Powell Sees No Chance of a Recession While Bitcoin Gains as a Hedge

Pepe Price Forecast: Is $0.0001 Imminent Following Whale Signals and Positive Momentum?

Federal Reserve optimism clashes with investor concerns as Bitcoin holds firm

Dogecoin Price Prediction: As DOGE Pumps 40% In A Week And Dogecoin Futures Near, Traders Flock T...

Billions in Bitcoin Flow Out of Exchanges as ETFs Drive Supply Squeeze

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!