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Bitcoin

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<p>The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/bitcoin-rides-a-resurgent-wave-is-50000-on-the-horizon/">Bitcoin (BTC) Price Rides a Resurgent Wave: Is $50,000 on the Horizon?</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>After dwelling below $30,000 for an extended period, Bitcoin has staged an impressive comeback, surging past $34,000. This marks a 12% weekly gain and a significant 27.5% monthly increase, translating to an addition of roughly $145 billion in market value. </p> 
<p>Anticipation is now mounting for Bitcoin’s next halving event in April 2024, with expectations of a substantial rally that could propel it beyond the coveted $50,000 threshold. This resurgence is fueled by growing optimism surrounding the SEC’s potential approval of a spot Bitcoin exchange-traded fund in the U.S., sparking speculation about a potential new bull run.</p> 
<h2 class="wp-block-heading" id="strong-expert-insights-from-micha-l-van-de-poppe-strong"><strong>Expert Insights from Michaël van de Poppe</strong></h2> 
<p>Renowned crypto expert Michaël van de Poppe has <a href="https://twitter.com/CryptoMichNL/status/1718337585649721475?s=20">chimed</a> in with his views on Bitcoin’s trajectory. He identifies the next major resistance for Bitcoin at around $38,000, an area where seller activity may pick up. Despite this, he remains optimistic, foreseeing Bitcoin potentially reaching between $45,000 and $50,000 before the impending halving event.</p> 
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   <p lang="en" dir="ltr">I think we'll see <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> hit resistance at $38K, but most likely we'll continue towards $45-50K pre-halving.<br><br>After that, consolidation, sideways action for a long period before we'll start making new ATH's.<br><br>In the meantime? Probably altcoins starting to show strength. <a href="https://t.co/PFnARDq6Fy">pic.twitter.com/PFnARDq6Fy</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1718337585649721475?ref_src=twsrc%5Etfw">October 28, 2023</a>
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<p>Plus he suggests that this surge may not signify the end of Bitcoin’s upward journey. He forecasts a period of consolidation and sideways movement before witnessing further substantial price increases and the creation of new all-time highs (ATHs).</p> 
<h2 class="wp-block-heading" id="h-altcoin-market-strength-and-ambitious-predictions"><strong>Altcoin Market Strength and Ambitious Predictions</strong></h2> 
<p>In addition to Poppe’s analysis, another analyst, TradingShot, presents an even more bullish forecast. Based on historical data and previous rally timings, he suggests that Bitcoin could experience an impressive 310% surge, reaching $100,000 in one of the months in 2024, such as January, May, July, or October. This prediction indicates an even more optimistic outlook for Bitcoin’s future.&nbsp;</p> 
<p>Overall, Bitcoin’s recent surge can be attributed to key developments. While the SEC’s courtroom losses added regulatory uncertainty, a false report on BlackRock’s ETF approval led to a rapid $3,000 price jump in just 30 minutes. In such a crazy mindset of investors, anything is possible since Bitcoin stayed strong despite the rug-pull events in the crypto space.&nbsp;</p>

Bitcoin (BTC) Price Rides a Resurgent Wave: Is $50,000 on the Horizon?

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