Bitcoin price all-time high will precede 2024 halving — New prediction

Bitcoin (BTC) has a $250,000 target for after its next block aid halving– however new all-time highs will come sooner.That is the most recent BTC rate prediction from BitQuant, the popular social media commentator who sees a rosy future for the biggest cryptocurrency.BitQuant: Pre-halving all-time high will not be BTC rate topIn his newest post on X (formerly Twitter) on Sept. 15, the pseudonymous “main banker and Bitcoiner” revealed a pre-halving target above $69,000.”No, Bitcoin is not going to top prior to the halving,” he composed in part of commentary. “Yes, its going to reach a new all-time high prior to the halving.”Bitcoin has just over 6 months prior to the halving, the occasion that cuts miner benefits made per block by 50% every 4 years. Analysts argue that the resulting emission constraints have a cathartic effect on BTC price efficiency, functioning as something of a springboard in advance of Bitcoin seeing brand-new all-time highs.For BitQuant, however, that alone is not bullish enough. Not only will Bitcoin beat its current record, embeded in 2021, prior to next April– it will go on to strike $250,000 per coin after the next halving cycle starts.”No, BTC is not going to $160K since the magnitude of every pullback is large,” he continued.”This implies it will peak after the halving, in 2024. And yes, the target rate is around $250K.”BTC/USD annotated chart. Source: BitQuant/XBitcoin traders diverge on halving price picksAs Cointelegraph reported, market individuals are extremely divided when it concerns how BTC price action will play out into the halving and beyond.Related: Wen moon? Bitcoin cutting in half cycle tips at Q4 as wise money purchases the reportSome agree that higher levels are possible by April, however plenty of conservative voices stay. Last month, Bitcoin financier and author Jesse Myers eliminated any idea that BTC/USD will be trading at 6 figures between now and then.In a subsequent interview with Cointelegraph, on the other hand, Filbfilb, co-founder of trading suite DecenTrader, provided a pre-halving BTC rate ceiling of $46,000. “Assuming no black swan occasion, around $35,000 by the end of the year and potentially as high as $46,000 a long time pre-halving in Q1 2024,” he said.Bitcoin traded at around $26,400 on Sept. 15, up 1.3% in September up until now, per data from keeping an eye on resource CoinGlass. BTC/USD monthly returns chart (screenshot). Source: CoinGlassThis post does not contain financial investment advice or recommendations. Every investment and trading relocation includes threat, and readers ought to perform their own research study when deciding.

Bitcoin (BTC) has a $250,000 target for after its next block aid halving– but new all-time highs will come sooner.That is the most current BTC cost forecast from BitQuant, the popular social media analyst who sees a rosy future for the biggest cryptocurrency.BitQuant: Pre-halving all-time high will not be BTC rate topIn his newest post on X (previously Twitter) on Sept. 15, the pseudonymous “main lender and Bitcoiner” revealed a pre-halving target above $69,000. Source: BitQuant/XBitcoin traders diverge on halving rate picksAs Cointelegraph reported, market individuals are extremely divided when it comes to how BTC price action will play out into the halving and beyond.Related: Wen moon? Last month, Bitcoin financier and author Jesse Myers dispelled any idea that BTC/USD will be trading at 6 figures in between now and then.In a subsequent interview with Cointelegraph, meanwhile, Filbfilb, co-founder of trading suite DecenTrader, gave a pre-halving BTC price ceiling of $46,000.

Other Questions People Ask

What is the new prediction for Bitcoin price all-time high before the 2024 halving?

The latest prediction from BitQuant suggests that Bitcoin will reach a new all-time high above $69,000 before the 2024 halving event. This forecast indicates that the price will not peak prior to the halving, but rather continue to rise as the event approaches. Analysts believe that the upcoming halving will create emission constraints that could significantly boost Bitcoin's price performance.

How does the 2024 halving impact Bitcoin price predictions?

The 2024 halving is expected to have a substantial impact on Bitcoin's price, with predictions indicating a potential surge to $250,000 after the event. BitQuant emphasizes that while new all-time highs are anticipated before the halving, the most significant price increases will occur post-halving. This cycle of reduced miner rewards historically leads to bullish trends in Bitcoin's price.

Are Bitcoin traders optimistic about reaching new highs before the 2024 halving?

Opinions among Bitcoin traders are mixed regarding the potential for new highs before the 2024 halving. While BitQuant is optimistic about surpassing $69,000, other analysts like Jesse Myers express skepticism about Bitcoin reaching six figures in that timeframe. This divergence in predictions highlights the uncertainty surrounding market movements leading up to the halving.

What are the key factors influencing Bitcoin's price leading up to the 2024 halving?

Several key factors are influencing Bitcoin's price as it approaches the 2024 halving, including market sentiment and historical trends related to halving events. The reduction in miner rewards is expected to create scarcity, which could drive prices higher. Additionally, analysts are closely monitoring trading patterns and investor behavior as they assess potential price ceilings before the halving.

What should investors consider regarding Bitcoin's price before the 2024 halving?

Investors should consider the volatility and unpredictability of Bitcoin's price as it approaches the 2024 halving. While predictions suggest a rise to new all-time highs, caution is advised due to differing opinions among analysts. Conducting thorough research and staying informed about market trends will be crucial for making informed investment decisions during this period.