COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Ripple
  • Contact
  • Advertise
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Bitcoin Analyst Shares Insights on Pre-Halving Price Movements
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Ripple
  • Contact
  • Advertise
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Bitcoin (BTC) > Bitcoin Analyst Shares Insights on Pre-Halving Price Movements
Bitcoin (BTC)

Bitcoin Analyst Shares Insights on Pre-Halving Price Movements

In Brief

  • Bitcoin drops about 7%, analyst calls it part of the process.

  • Expert suggests pre-halving peak might be influencing current trends.

  • Correction seen as strengthening the bullish case for Bitcoin's future.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

The leading cryptocurrency Bitcoin (BTC) experienced a drop of approximately 7% last week, which a popular crypto analyst mentioned as part of the correction process. The analyst shared his thoughts on what might be in store for BTC moving forward.

Contents
Current State of BTC Before the HalvingLong-Term Outlook for BTC

Current State of BTC Before the Halving

Cryptocurrency expert Michael van de Poppe suggested on social media that the recent decline in BTC’s price could be a result of the peak before the halving. The analyst stated:

Consolidation continues on Bitcoin. I don’t expect much show from Bitcoin. If it does, it has to surpass $70,300. There’s time to reach all-time highs, but I still suspect we’re seeing a pre-halving peak. Just like any other cycle.

BTC halving refers to the quadrennial event where Bitcoin mining rewards are halved. The next halving is expected to occur next month. According to the senior analyst, BTC’s current price chart resembles the 2016-2017 cycle chart. The expert further explained:

Bitcoin’s price action can somewhat be compared to the 2016-2017 cycle. A peak was reached four weeks before the halving. Consolidation and another correction follow, then a slow upward movement until acceleration six months later.

Long-Term Outlook for BTC

Van de Poppe also claimed that the correction in BTC only strengthens the bullish thesis, saying:

Bitcoin is still correcting. My main thesis is that we’ve seen the pre-halving excitement and will have a long, massive bull market. Any dips are a buying opportunity. I’m also interested in buying dips in altcoins.

At the time of writing, Bitcoin, the flagship of the crypto markets, was trading at $63,873, down 4% in the last 24 hours.

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

Robert Kiyosaki Warns of Impending Market Crash

Bitcoin Pushes Boundaries with Global Market Signals

Bitcoin Climbs Toward the $100K Threshold with Renewed Momentum

Bitcoin Core Redesigns OP_RETURN to Enhance Data Storage

Join Bitcoin 2025 Event to Witness Record-Breaking Transactions

COINTURK NEWS 23 March, 2024 - 1:31 am 23 March, 2024 - 1:31 am
Share This Article
Facebook Twitter
Share
Previous Article Investors Eye Strong Altcoin Performers as Bull Season Approaches
Next Article Investor Excitement Builds as MINA Coin Announces Major Update
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

Coinbase Faces Economic Challenges and Market Downturns
Cryptocurrency News
Ripple’s Victory in Legal Tug-of-War Against SEC Ignites Excitement
Ripple (XRP)
Banks Embrace Cryptocurrency as U.S. Introduces New Guidelines
Cryptocurrency News
Robert Kiyosaki Warns of Impending Market Crash
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?