Bitcoin (BTC), which recently plummeted to just over $60,000, is now showing signs of recovery. In the last month, the original cryptocurrency gained 3.1% and 1.8% on the charts. BTC, however, is down 0.6% on the weekly charts as well as 5.2% on the 14-day chart. BTC could have recovered due to the halving of its value, which occurred on April. 20, 2024.
Also Read: Bitcoin Halving Officially Complete
Analysts have predicted that BTC will reach a record high once the halves are complete.
Bitcoin (BTC), a cryptocurrency, is predicted to achieve a record high.
According to Captain Faibik, BTC ‘The daily chart is showing a bullish-flag pattern.‘ Captain Faibik notes that an upside breakout could lead to a new all-time high of the original cryptocurrency in May.
CoinCodex has also painted a bullish view for Bitcoin over the next few years. next Few weeks. The platform expects BTC’s price to reach $74,594 in April, a record-breaking high. 26, 2024. To reach $74,594, a rise of approximately 12.71% from the current level would be required.
CoinCodex also predicts that Bitcoin (BTC), will continue to rise in May and reach $86,416 by May 19, 2024. To reach $86,416 at current prices would represent a 30.57% increase.
Changelly Also, the platform predicts that BTC will continue to rise. BTC is expected to reach a new high of $74,069 in April, according to the platform. 26, 2024. The platform also predicts that BTC will reach $84,941 on May 17, 2024.
Also Read: BRICS: BlackRock Uses Bitcoin as Inflation Hedge as USD Worries
Bitcoin (BTC), should it be able to maintain a price of over $80,000, could experience another rise, bringing the cryptocurrency up above $100,000. The Federal Reserve may have postponed its rate-cut plans. This could make investors wary of risky investments, including cryptocurrencies.
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Source: watcher.guru
