The cryptocurrency market has been witnessing an adventure of ups and downs since 2022. Finally, with the 4th Halving of Bitcoin, a new turning point is experienced in the market. This important event also attracts the attention of popular cryptocurrency analyst Crypto Capo. Capo shares a new analysis about Bitcoin’s price course after the halving and outlines the scenarios awaiting investors. This analysis is a very important resource for Bitcoin investors. Capo’s Bitcoin prediction can help make investment decisions by giving an idea of short-term price movements. However, it should not be forgotten that the cryptocurrency market is quite variable and these predictions only reflect the opinions of analysts.
Bitcoin prediction attracted attention
cryptokoin.com As we reported, popular cryptocurrency analyst Crypto Capo, who stood out with his accurate predictions in the bear season of 2022, could not fully catch the upward trend of Bitcoin in 2023 and 2024. Finally, Capo, who shared a new analysis after the halving in Bitcoin, expects BTC to drop to the level of 57 thousand – 59 thousand dollars. The key points in Capo’s analysis are:
- Halving Happened: Bitcoin’s 4th halving is complete and miners no longer receive as many Bitcoin rewards as before. This may lead miners to sell from their BTC reserves to cover their costs.
- Dead Cat Splash? The recent price increase (up to $65,000) may have been caused by a short liquidation and could be characterized as a “dead cat bounce” rather than the beginning of a true uptrend.
- Bottom Waiting: Capo predicts that there is significant liquidity in Bitcoin in the $57,000 – $59,000 range and the price will decline to this region. Depending on the market reaction, a local bottom formation may also occur in this region.
While sharing his predictions, Capo encourages investors to be cautious and do their own research. It should not be forgotten that the cryptocurrency market is quite volatile and these predictions only reflect the opinions of analysts. Capo’s prediction could create concern among Bitcoin investors and lead to a short-term price decline. However, it is also predicted that the halving will increase the price of Bitcoin in the long term.
next halving
The much-talked-about halving, which occurs every four years, is included in Bitcoin’s code. The event takes place approximately every four years. The first took place in November 2012, the second in July 2016, the third in May 2020, and the last on Saturday, April 20, 2024 (around 03:00 Turkish time). Now that the fourth one is out of the way, the fifth will occur when the next 210,000 blocks are mined. This is also expected in 2028, but the exact month and date will depend on the rate of network activity.
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