Bitcoin price will soon go to the moon? When, you’re wondering? Well, according to the latest reports, it seems that the most important digital assets will explode in price soon after the next halving.
BTC latest predictions are here
According to a crypto analyst with a significant following, Bitcoin (BTC) may experience another surge in value leading up to a new record high after its halving in 2024.
The analyst, who goes by the name Rekt Capital on the social media platform X, shared their prediction with their 352,200 followers, stating that Bitcoin could potentially exceed $80,000 in value during the months following the halving event.
The halving process, which halves BTC miners’ rewards, is scheduled for April 2024. While Rekt Capital is optimistic about Bitcoin’s long-term prospects, they acknowledge that the currency may experience a continued downtrend leading up to the halving.
“Hang in there and make the most of any deeper downside in this pre-halving period.
You won’t want to miss out on the post-halving parabola.”
According to Rekt Capital, Bitcoin might follow its 2019 bear market cycle and trade within a triangle pattern before breaking out and beginning a bull market.
In the event that Bitcoin continues to form lower highs, there is a possibility that it could fill the CME gap at approximately $20,000 either later this year or early 2024.
Should this happen, the potential path is consolidation to the apex of the black triangle before finally breaking out close to the halving.
Based on the trader’s chart, he appears to suggest that Bitcoin will confirm the triangle breakout in April 2024, followed by a rally towards his long-term goal.
At the time of writing, Bitcoin is worth $27,323.
Today, Bitcoin has been making some pretty significant moves upwards and the latest prediciotns are all saying that we should brace ourselves for the year 2024 when the king coin will explode.
