COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Excitement Builds as Bitcoin Approaches Its Fourth Halving
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Bitcoin (BTC) > Excitement Builds as Bitcoin Approaches Its Fourth Halving
Bitcoin (BTC)

Excitement Builds as Bitcoin Approaches Its Fourth Halving

In Brief

  • Bitcoin community eagerly awaits the fourth halving, 12 days away.

  • Joe Consorti's analysis fuels expectations for a potential price surge.

  • Bitcoin's consolidation phase may precede a significant bull run.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

With only 12 days left until the fourth Bitcoin halving, the cryptocurrency community is once again in an excited state of anticipation. Speculations are flying about Bitcoin‘s potential to surpass the $100,000 threshold, while Joe Consorti from Theya Research’s comprehensive analysis further ignites this excitement and expectations.

Contents
Excitement Peaks 12 Days Before Bitcoin HalvingBitcoin Spends Time at Price MilestonesThe Role of ETFs and the Spot Market

Excitement Peaks 12 Days Before Bitcoin Halving

This event, which occurs every four years for Bitcoin, is known for halving the new block mining rewards and historically triggers a significant rise in momentum. The current scenario seems to be in line with the trends we’ve seen in the past.

Consorti’s analysis, titled “Bitcoin’s 4th Halving is 12 Days Away and $100,000 Isn’t Far Behind,” begins by focusing on the ongoing consolidation phase of Bitcoin. According to Consorti, this phase marks a critical period before a potential bull run. He explains:

“Bitcoin continues its consolidation. In line with previous consolidation stages at $30,000 and $40,000, BTC spends several weeks at key psychological price levels where buyers and sellers exchange hands before a rise.”

Bitcoin Spends Time at Price Milestones

As Consorti points out, Bitcoin’s consolidation above $60,000 is entering its sixth week. The stability at this price level is creating strong market confidence, potentially leading to new all-time highs.

However, the analysis does not only focus on Bitcoin’s own dynamics; it also takes into account broader market dynamics. In particular, it highlights breaks in correlation in the current cycle.

According to Consorti, markets are influenced by factors such as businesses extending their debt maturities with still-low interest rates in 2021 and the US Treasury’s massive fiscal deficit at crisis levels. This is causing traditional economic indicators to diverge from stock market performance and inadvertently benefiting asset prices like Bitcoin.

The Role of ETFs and the Spot Market

According to Consorti, the behaviors of Bitcoin ETFs and their interactions with the spot market play a significant role in the market. His analysis suggests that the slowdown in net inflows to Bitcoin ETFs indicates a healthy market structure, and strong volume supports this view.

Active trading of ETF shares and the observed consolidation in the spot market indicate a healthy market movement. Analysts state that this situation creates a stable foundation for the Bitcoin price and sets a positive stage for the upcoming bull run. Consorti comments at this point:

“During this consolidation period, the spot market has really taken control of Bitcoin price movements. This will mean a more stable foundation for the upcoming bull run and increases my confidence that this consolidation is coming before a move to higher levels rather than lower ones.”

As of writing this article, the Bitcoin price has surpassed $72,000.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Meta Platforms Decides Against Bitcoin Reserves in Shareholders’ Meeting

Expert Predicts Bitcoin’s Potential Paths: Expect Surprises

Spot Bitcoin ETFs Witness a Surprising Shift in Inflows and Outflows

Bitcoin’s Meteoric Rise Defies Market Doubts and Attracts Substantial Capital

Discover How Bitcoin Progressively Defies U.S Treasury Bonds

COINTURK NEWS 8 April, 2024 - 12:10 pm 8 April, 2024 - 12:10 pm
Share This Article
Facebook Twitter
Share
Previous Article Whale Investor Injects $19.26 Million into Shiba Inu Cryptocurrency
Next Article Bitcoin Block Reward Halving Spurs Market Expectations
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Floki Inu Sets Stage for Valhalla Mainnet Launch
Meme Token
Meta Platforms Decides Against Bitcoin Reserves in Shareholders’ Meeting
Bitcoin (BTC)
Trump’s Crypto Dinner Sparks Investigation Demands from Congress
Cryptocurrency News
Expert Predicts Bitcoin’s Potential Paths: Expect Surprises
Bitcoin (BTC)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?