Bitcoin nears crucial price before 2024 halving, with predictions suggesting a rise to $39,000-$50,000, amid potential for healthy corrections.
Bitcoin is nearing an important price level, which might suggest the highest point of its climb before the April 2024 halving. Titan of Crypto, a well-known cryptocurrency trader, predicts that Bitcoin might hit between $39,000 and $50,000 before this event.
Bitcoin is battling to get through the $40,000 level. The $39,000 mark is an important level, and it may serve as a breakeven level for individuals who invested during the 2021 bull market. Titan of Crypto considers this to be the minimum objective price for Bitcoin before halving.
Predictions on Bitcoin's Pre-Halving Rise Align
Many analysts, like DecenTrader's co-founder Filbfilb, believe Bitcoin will hit $46,000 in the near future.
Expectations after halving are even more bullish, with some forecasting a climb to $130,000 by the end of 2025.
There's also a chance that Bitcoin will fall to about $30,900 in a healthy correction. Bitcoin is now trading at $36,500 after going sideways over the weekend.
Below is a chart showing Bitcoin's Price movement in the past 7 days https://coinpaprika.com/coin/btc-bitcoin/