Bitcoin halving is one day away – what do the experts say?

The developers are confident that after the BTC halving procedure on April 19, 2024, along with the reduction of bitcoin supply, interest in the 99Bitcoins token and the Learn-to-Earn ecosystem will grow.

Right now, the $99BTC token is in the pre-sale phase and can be purchased for as low as $0.00101. The investment amount has already exceeded the $427 thousand mark.

Advantages of the 99Bitcoins project:

• Unique Learn-to-Earn concept that involves rewards for learning.
• Interactive training materials for project participants.
• Several interesting income opportunities, including for steaking coins.

During its 15-year history, bitcoin has managed to “survive” already three halving. Within six months after the first procedure (November 28, 2012), the price of BTC jumped more than 10 times: from $12 almost to $127.

The growth of the rate of the first coin after the second halving, which occurred on July 9, 2016, also did not take long. Although it was not as rapid, the bitcoin price rose from $650 to $860 in 150 days.

Finally, after May 11, 2020, when the third phase of mining took place, the bitcoin price almost doubled in the same six months, from $8600 to $15,700.

Will the upcoming halving be a continuation of this trend or will it be an exception to the rule?

Dr. Profit, a trader popular in cryptocurrency circles, gives a positive forecast of the bitcoin rate and cites as an argument the growth in the issuance of new stablecoins, which many analysts call “catalysts of the bull market.”

His colleague Coosh Alemzadeh agrees with the trader, saying that bitcoin’s entry into the $100-125 thousand corridor will take place in the near future.

Analyst and investor Chris Berniske confirms the prospect of bitcoin growth with a graph based on the theory of cycles. Having compared the movement of the coin in past periods, he also gives a positive forecast regarding the price of the main cryptocurrency.

At the same time, expert analyst Michael van de Poppe advises to “hold your horses” and do not forget about the possible continuation of the correction of BTC up to the level of $ 55 thousand.

Completion

Of course, it is impossible to predict the bitcoin price movement after the next halving even on the basis of historical data, as the period for analysis is too short. And the influence of random factors can be great. Take, for example, the recent 10 percent drop in bitcoin amid geopolitical complications.

However, the vast majority of experts lean towards bitcoin’s growth. There are indeed many factors supporting it. The very anticipation of halving and the launch of spot ETFs is one such factor.