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

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 halving event in 2024.

Specifically, Bitcoin has now traditionally demonstrated exceptionally bullish strength in the periods approaching the halving, as well as after the event itself, according to the historical Analysis published by cryptocurrency market analyst Trader Tardigrade in an X post on November 30.

Indeed, considering these movements, the crypto trading analyst expects the maiden cryptocurrency to grow toward $50,000 as the halving 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 Analysis.

Bitcoin pre & post halving bull run analysis. Source: Trader Tardigrade

At the same time, another pseudonymous crypto specialist, Crypto Tony, 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.

Bitcoin price action analysis. Source: Crypto Tony

Bitcoin price analysis

Stocks

JPMorgan predicts S&P 500 price by the end of 2024

Cryptocurrency

Bloomberg analyst reaffirms 90% chance of Bitcoin ETF approval in January

Cryptocurrency

Expert crypto predictions; What's next in 2024?

Cryptocurrency

DOGE could ‘double its price’ if it overcomes this major hurdle

Cryptocurrency

Bitcoin supply on exchanges hits lowest in 5 years; Here’s why

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.

Bitcoin 30-day price chart. Source: Finbold

All things considered, multiple indicators suggest that Bitcoin has a very bright future ahead, and not just due to the upcoming halving 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).

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Comments

Post a Comment

Popular posts from this blog

Shiba Inu: 700% Increase in Large SHIB Transactions in 48 Hours

Image
Shiba Inu has evolved to become a prominent meme coin. The developers of Shiba Inu have been working on building new utilities and Features for the project’s community. One of their major technical initiatives has been the development of Shibarium , which is intended to be a layer-2 scaling solution for the Shiba Inu network. Shibarium aims to improve transaction speeds and reduce fees through layer-2 technology. Also read: Cardano’s Hoskinson Makes Jaw-Dropping Discovery That Could Unlock Alien Life Secrets The launch of Shibarium represents a major milestone for the Shiba Inu developers as they continue building out the project’s technological capabilities. Shiba Inu has seen a notable spike in large transactions of over $100,000 in the past two days. According to blockchain data provider IntoTheBlock, these transactions have surged over 700% since Monday. Shiba Inu records movement of trillions of SHIB Specifically, IntoTheBlock recorded $17.39 million worth
Read more

Top 7 cybersecurity jobs in high demand

Discover the top seven cybersecurity jobs in high demand: from security analyst to information security manager and more. In today’s digital age, cybersecurity has become a critical aspect of almost every business. Cyber threats are increasing daily, and businesses must take proactive measures to protect their networks and data. As a result, the demand for cybersecurity professionals has skyrocketed. Little Friday humour #meme # cyber security @hackurityio pic.twitter.com/MArEpCh03k — Harold De Vries (@devries_harold) February 17, 2023 In this article, we will discuss the top seven cybersecurity jobs that are in high demand. Cybersecurity analyst A cybersecurity analyst is responsible for identifying and mitigating cyber threats to an organization’s network and data. They examine system logs and network traffic to find and fix security holes. Additionally, they create and implement security policies and processes to defend the company against future cyberattacks. Cybersecurity anal
Read more

Best Cryptocurrency Courses for 2023

Image
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Learning the ins and outs of how crypto currency works may be intimidating for beginners, which is where online courses can help.  With that in mind, we have ranked the best cryptocurrency courses for 2023 . Crypto and blockchain courses give investors high-quality training on everything from advanced trading strategies to understanding technical analysis - read on to find out more. The Best Crypto Trading Courses for 2023 We've researched and ranked the best cryptocurrency trading courses for 2023 in the list below: BitDegree - Overall Best Cryptocurrency Course to Earn While Learning Blockgeeks - Blockchain Courses With an Expert Team of Teachers Blockchain Council - Blockchain and Web3 Certifications for Crypto, Metaverse, & NFTs Udemy - Education Platform With Over 213,000 Online Video Courses Piggybacks - Ac
Read more