Bitcoin Price Prediction: Anticipating $150K Post-Halving Amid Market Corrections

Publikováno: 17.4.2024

Amidst a volatile market, Bitcoin's price hovers at $61,577, with Bernstein projecting a surge to $150K post-halving, reflecting robust future growth.

The post Bitcoin Price Prediction: Anticipating $150K Post-Halving Amid Market Corrections appeared first on Cryptonews.

Celý článek

Bitcoin Price Prediction
Bitcoin Price Prediction

As Bitcoin trades at $61,577, down by approximately 2.50% with a $42 billion trading volume over the last 24 hours, market watchers are paying close attention.

With a market cap of about $1.21 trillion, Bitcoin continues to lead on CoinMarketCap. This cryptocurrency, with 19,685,362 BTC in circulation nearing its max of 21 million, is poised at a critical juncture.

The Bitcoin price prediction now hinges on upcoming market movements and technical indicators, closely monitored by investors and analysts alike.

Riot Platforms and CleanSpark Poised for Growth Amid Bitcoin Halving, Says Bernstein


Ahead of the upcoming Bitcoin halving, the “miner fear factor” is at an all-time high, driving investor focus towards Riot Platforms (RIOT) and CleanSpark (CLSK). Bernstein, in a recent research note, highlighted these companies as top picks, applauding their exceptional performance and leadership in self-mining hashrate.

Despite Bitcoin mining stocks lagging behind Bitcoin’s price year-to-date, the halving—which will cut mining rewards by 50% and slow Bitcoin supply growth—is expected around April 19-20.

This event historically precedes significant Bitcoin price increases, although this cycle saw early gains due to ETF approvals in January.

  • Market Context: Recent ETF approvals spurred early 2024 Bitcoin price increases, but a recent 15% drop in Bitcoin’s price followed due to slower ETF inflows.
  • Future Outlook: Bernstein anticipates a return to bullish trends post-halving as mining adjustments and resumed ETF inflows drive demand. They predict Bitcoin could reach $150K by 2025, supported by ongoing demand from wirehouses and registered investment advisors rolling out spot Bitcoin ETFs.

Bitcoin Price Prediction


Bitcoin (BTC/USD)‘s current pivot point sits at $64,566, serving as a key threshold for the day’s trading dynamics. The asset faces immediate resistance at $67,063, with further resistance levels observed at $69,394 and $72,732.

On the downside, Bitcoin finds strong support at $59,869. Should this level fail, subsequent support levels at $57,135 and $54,359 could come into play.

The technical indicators on the 2-hour chart suggest a bearish sentiment. The Relative Strength Index (RSI) stands at 32, indicating that Bitcoin is potentially oversold but still under pressure as the RSI remains below the midline of 50.

This suggests continued bearish momentum in the short term. Additionally, the 50-Day Exponential Moving Average (EMA) at $63,850 acts as a resistance level, reinforcing the downward trend observed on the chart.

Bitcoin Price Prediction - Source: Tradingview
Bitcoin Price Prediction – Source: Tradingview

The current market setup shows Bitcoin navigating through a downward channel, with the $63,850 level aligning with both the 50 EMA and recent price actions to form a significant resistance zone.

Conclusion: While Bitcoin remains bullish above its immediate support at $59,869, a breach below this mark could trigger a sharp selloff, potentially testing lower supports at $57,135 and $54,359.

Unlock Cryptocurrency Rewards: Dive Into the 99Bitcoins Presale!


99Bitcoins, a pioneering digital education platform, is redefining cryptocurrency learning through its unique ‘learn-to-earn’ system. Users engage with educational modules and earn $99BTC tokens, enhancing both their knowledge and their digital wallets.

The ongoing presale of $99BTC tokens is stirring considerable excitement, offering these tokens at a reduced price for early adopters.

99Bitcoins Presale: Your Early Advantage

This presale is an invaluable opportunity for early investors to secure $99BTC tokens at advantageous rates, setting the stage for potential growth as the platform expands and its offerings evolve. These tokens reward users and open doors to further educational content and exclusive community perks.

99Bitcoins
99Bitcoins

Don’t Miss Your Chance

As of now, $439,698.51 has been raised towards the $1,136,737 goal. With only 5 days, 14 hours, 42 minutes, and 13 seconds remaining before the next price increase, act swiftly to purchase your $99BTC at just $0.00101 each.

Invest now to capitalize on the opportunity to immediately stake your $99BTC.

The post Bitcoin Price Prediction: Anticipating $150K Post-Halving Amid Market Corrections appeared first on Cryptonews.

Nahoru
Tento web používá k poskytování služeb a analýze návštěvnosti soubory cookie. Používáním tohoto webu s tímto souhlasíte. Další informace