bitcoin Although it has continued to be consolidated for a while, it has been on the rise since the beginning of this year. It is possible to say that one of the main reasons for this rise is due to the increase in optimism in the crypto money market. According to the data, BTC has risen 40% since the beginning of this year.
Trader TardigradeBitcoin reaches $50,000 before the halving, which is expected to be completed in the first half of 2024. waiting. The analyst expects it to reach $200,000 after the halving.
According to the charts shared by the analyst bitcoin price It expects it to be around $50,000 by the end of 2023. A price increase towards $200,000 in early or mid 2025 is noteworthy. However, after this uptrend, a corrective action is likely.
The cryptocurrency community is eagerly awaiting the halving event in Bitcoin. Halving occurs every four years, halving the reward for mining new BTC blocks. This is done to control the supply of the initial digital asset, as there can only be 21 million BTC in circulation.
Historically, halving leads to an increase in Bitcoin price as supply becomes more limited. The next halving will occur when the digital asset hits 840,000 blocks, halving the current 6.25 BTC reward for each mined block.
Bitcoin Price Analysis
Koinfinans.com As we reported, Bitcoin price is currently trading at $23,393, according to the latest data, which means a 1.34% drop and a 3.12% loss on the daily chart, compared to 2.42% over the previous 30 days. continues to increase.
Crypto analyst Rekt Capital noted that as the largest decentralized finance (DeFi) asset by market cap is not far from a macro downtrend break, time to accumulate BTC at reasonable lows is slowly running out.
You can follow the current price action here.