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 <p class="paragraph">Despite the temporary setback, Bitcoin (BTC) has briefly managed to break the barrier at $38,000 a couple of times in the last 24 hours, and further bullish advances seem more likely as the flagship decentralized finance (DeFi) asset approaches its <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> event in 2024.</p>
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 <p class="paragraph">Specifically, Bitcoin has now traditionally demonstrated exceptionally bullish strength in the periods approaching the <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a>, as well as after the event itself, according to the historical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> published by cryptocurrency market analyst <em>Trader Tardigrade</em> in an X post<em> </em>on November 30.</p>
 <p class="paragraph">Indeed, considering these movements, the crypto trading analyst expects the maiden cryptocurrency to grow toward $50,000 as the <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> approaches, after which it would pick up the pace and kick off a rally that could lead it to $250,000 or beyond, as demonstrated in the chart pattern <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/qzUOAXdKL_pDqAuI5HlfRne3LVyaJsDmqN2cCSwXgcHqkUOEH5nsQMG0le4F0i1F9vPzZ2bNHVK17O7QrrFfBAWjdV7AIbZQRsATI0hcCXNHUp4-TnrFxo0SbI3Nyp4Gkht04gr5fAsE02UKXa15xFo" alt>
  <figcaption class="wp-element-caption"><em>Bitcoin pre &amp; post halving bull run analysis. Source: </em><em>Trader Tardigrade</em>
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 <p class="paragraph">At the same time, another pseudonymous crypto specialist, <em>Crypto Tony,</em> has observed that Bitcoin was making a “slow grind up right now” but that “$39,000 – $40,000 target really is in reach over next few days,” as long as the largest digital asset by market capitalization holds this uptrend.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/uucX2-a4ZYXCSbWyfrgTlrnGR6FQfSB46n-XUpC8trfI31uslyArVZSb4Bd6eWbR1UjjtAU-SYQw0imY4qJj-S-3STcBJaIZoA_rqCT-aPVmw07mtGzKaypzS-i9t62j0CQvFzGcZMDdXz2dd5NBEz8" alt>
  <figcaption class="wp-element-caption"><em>Bitcoin price action analysis. Source: </em><em>Crypto Tony</em>
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 <h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin price analysis</h2>
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 <p class="paragraph">As things stand, Bitcoin is currently changing hands at the price of $37,694, down 0.73% on the day but still recording a 0.64% gain on its weekly chart and advancing 9.42% across the past month, according to the most recent information retrieved on November 30.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/SFvIPA_2gQ1Hf4nx23xL9fjcPihyLaAkZg-5t_rpA8bx4n-2UEMXtB24ucF3nPmwOm_ZVuenJuIoirmCMliFZspLVa0jiv9M1PJdZn6-aeethbMtkTBtII0dEbrrtunZmuvkRCGZSYZbvwZMr4wFVL8" alt>
  <figcaption class="wp-element-caption"><em>Bitcoin 30-day price chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">All things considered, multiple indicators suggest that Bitcoin has a very bright future ahead, and not just due to the upcoming <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> event, but also taking into account the possibility of the United States Securities and Exchange Commission (SEC) approving the first spot Bitcoin exchange-traded fund (ETF).</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-pre-and-post-halving-bull-run-to-kick-btc-toward-250-000-tbt72182.html">https://thebittimes.com/bitcoin-pre-and-post-halving-bull-run-to-kick-btc-toward-250-000-tbt72182.html</a></p>

Bitcoin pre and post halving bull run to kick BTC toward $250,000

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TheBitTimes

Ďalšie články zverejnené 30. 11. 2023

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