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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-price-set-to-soar-analysts-predict-a-bullish-surge" rel="noopener noreferrer nofollow">Bitcoin Price Set to Soar, Analysts Predict a Bullish Surge</a><br></p>
<p style="text-align: justify">The year end of 2022 marked a period of disinterest in cryptocurrencies due to a punishing bear market. Fast forward seven months, the crypto landscape is flourishing with green, and <a href="https://en.bitcoinhaber.net/predicting-a-surge-bitcoin-could-skyrocket-to-900000-says-expert" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.bitcoinhaber.net/bitcoin-maintains-momentum-as-halving-event-draws-near" rel="noopener noreferrer nofollow">BTC</a>) has surpassed its previous highs. This positive shift has reignited investor interest, leading to widespread speculation about the future trajectory of digital currencies.</p>
<h2 id="analyst-insights-on-bitcoin-s-upcoming-halving">Analyst Insights on Bitcoin’s Upcoming Halving</h2>
<p style="text-align: justify">With the Bitcoin block reward halving approaching in just about ten days, the current BTC price exhibits volatility. Bitfinex analysts have released a research report suggesting a post-halving surge in Bitcoin’s value, projecting a staggering 160% increase. This growth is expected to propel Bitcoin to the $150,000 mark within the next 14 months. At present, Bitcoin is trading at $69,000, with market sentiment cautious as investors await the release of inflation data.</p>
<h2 id="market-dynamics-before-the-us-inflation-data-release">Market Dynamics Before the US Inflation Data Release</h2>
<p style="text-align: justify">The market is currently on edge with the impending US inflation data likely to cause a stir in risk markets if the figures disappoint. The Federal Reserve has overlooked the previous two months of inflation data but indicated that the March data will play a crucial role in their assessments. Meanwhile, Bitcoin’s current consolidation above $60,000 suggests the potential for selling pressure due to a certain percentage of the supply being at risk.</p>
<h2 id="notes-for-the-user">Notes for the User</h2>
<ul>
 <li>Bitcoin’s price is predicted to increase by over 160% to potentially $150,000 within 14 months following the halving.</li>
 <li>Current market volatility is high due to upcoming US inflation data, which may impact risk assets like Bitcoin.</li>
 <li>There’s a risk of selling pressure with Bitcoin’s price consolidation above $60,000.</li>
</ul>
<p style="text-align: justify">As Bitcoin ETFs demonstrate an accumulation pattern, they are poised to absorb a significant portion of the annual Bitcoin supply, which may influence the market further. Investors and market watchers are closely monitoring these indicators to better understand the potential for profit-taking and distribution dynamics in the near future.</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-price-set-to-soar-analysts-predict-a-bullish-surge" rel="noopener noreferrer nofollow">Bitcoin Price Set to Soar, Analysts Predict a Bullish Surge</a></h5>

Bitcoin Price Set to Soar, Analysts Predict a Bullish Surge

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