The upcoming Bitcoin halving event in mid-April is ramping up excitement in the cryptocurrency world. This event, which will cut miners’ rewards in half, is kicking off a period filled with numerous predictions about Bitcoin‘s future. It also causes an increase in expectations among cryptocurrency investors. So, what are the predictions for Bitcoin’s price at this point?
Where Could Bitcoin’s Price Be Post-Halving?
Cryptocurrency analysts are putting forward various ideas about Bitcoin’s post-halving trajectory. A prominent figure, Samson Mow, believes Bitcoin could reach 1 million dollars this year. However, for this bold prediction to come true, Bitcoin needs to enter a serious uptrend.
In addition to Mow, other analysts are also making optimistic predictions for the cryptocurrency Bitcoin. Partner and Chief Investment Officer Tom Dunleavy predicts that Bitcoin could rise to 100,000 dollars post-halving. Tom Lee, Managing Partner at Fundstrat Global Advisors, believes Bitcoin could climb to 150,000 dollars.
Some Predict a Downturn
However, some are predicting a downturn for Bitcoin following the halving. Notably, major institutions like JPMorgan are estimating that Bitcoin could fall to 42,000 dollars. This anticipated decline is thought to be related to increasing production costs and mining challenges.
Crypto expert Rekt Capital points out that Bitcoin will not have a smooth journey post-halving. Specifically, he emphasizes that Bitcoin could show correction movements for several months following the halving.
Which Altcoins Should Be Watched?
Number five in the crypto world, Solana (SOL), has recently attracted significant attention due to the meme coin frenzy on the Solana network. This has increased optimism that SOL’s price will rapidly rise and soon surpass its all-time high of 260 dollars.
Among cryptocurrency analysts, figures like Jake Gagain predict that SOL could rise to 750 dollars. This can be considered a significant signal of optimism for SOL’s future.
Additionally, the crypto community is closely monitoring Cardano (ADA). Specifically, Dan Gambardello, founder of Crypto Capital Venture, has stated that ADA historically experiences a delay in bull runs but will eventually rise. Gambardello also mentions that ADA will start racing towards 11 dollars when the halving occurs.
