Bitcoin Halving: A Catalyst for Price Surges
Industry Experts Predict Bullish Future for Bitcoin
WEB At the time of writing, the Bitcoin price prediction platform CoinCodex forecasts that Bitcoin will trade at approximately $74,600 on May 18, 2024. This prediction coincides with the upcoming Bitcoin halving event later this month. Historically, purchasing Bitcoin before a halving event has resulted in significant returns.
Bitcoin Price Rally Driven by Inflows
WEB In 2023, the Bitcoin price has surged by over 50%, reaching record highs even before the halving event. This rally is attributed to increased inflows into US-based spot exchanges.
Post-Halving Price Surge Anticipated
WEB Market analysts widely believe that Bitcoin's price will surpass its all-time high of $68,790 once the next halving occurs. Historically, Bitcoin halvings have been followed by bull rallies, with asset prices often increasing by hundreds of percent in subsequent months.
تعليقات