BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Bitcoin Nears Record Highs but Faces Potential Pre-Halving Dip

by Matoy
March 13, 2024
in Breaking News, Crypto, Investing
A A
1
SHARES
Share on TwitterShare on Reddit
  • Historical patterns suggest Bitcoin might see a correction before the April halving.
  • Bitcoin’s growth trajectory differs this cycle, with prices setting new highs pre-halving.
  • Bernstein predicts a significant rise in Bitcoin value post-halving, targeting $150,000.

As Bitcoin’s value soars to new heights, reaching approximately $73,700, some market observers are bracing for a possible dip before the cryptocurrency’s upcoming halving event in April. This speculation is grounded in Bitcoin’s past performance, which has seen similar downturns preceding halving events.

Market Patterns and Predictions

Analysts, including one known as Rekt Capital, have highlighted the potential for a market correction based on Bitcoin’s historical data. The digital currency has previously experienced downturns of 20% and 38% before the halvings in 2020 and 2016, respectively. While Bitcoin has already faced pullbacks this year, with an 18% drop in January and a 14% dip in early March, the anticipated pre-halving correction could be less severe.

A Different Cycle

This cycle, however, appears to diverge from the past. Bitcoin’s recent record-setting price, achieved before the halving, marks a deviation from earlier trends. Moreover, compared to previous cycles, Bitcoin’s current value has not yet aligned with its historical growth trajectory, suggesting there might still be potential for significant gains.

Further supporting this optimistic view, wealth management firm Bernstein has forecasted a surge in Bitcoin’s value to around $150,000 by mid-2025, following the halving. Their confidence is bolstered by the strong demand for Bitcoin exchange-traded funds (ETFs), which have seen substantial inflows since their introduction in January.

Looking Ahead

The coming months will be critical for Bitcoin as it navigates these historical precedents and market expectations. While the possibility of a pre-halving correction looms, the broader outlook remains bullish, with significant price milestones anticipated post-halving. Investors and enthusiasts alike are closely monitoring these developments, eager to see whether Bitcoin will continue to defy expectations or follow its historical patterns.

Tags: BitcoincryptoHalving
TweetShareShare

DON'T MISS THESE! HOT OFF THE PRESS

JRNY CLUB Announces $JRNY Token and EARN Platform
Breaking News

JRNY CLUB Announces $JRNY Token and EARN Platform

May 7, 2025
Everything You Need to Know About Doodles Upcoming DOOD Token
Crypto

Everything You Need to Know About Doodles Upcoming DOOD Token

May 7, 2025
Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?
Crypto

Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

May 7, 2025
Federal Reserve Holds Rates Steady Amid Tariff Uncertainty: Trump Disappointment Grows
Breaking News

Federal Reserve Holds Rates Steady Amid Tariff Uncertainty: Trump Disappointment Grows

May 7, 2025
U.S. Aims to Become Premier Hub for Digital Asset Innovation, Says Bessent
Crypto

U.S. Aims to Become Premier Hub for Digital Asset Innovation, Says Bessent

May 7, 2025
Analysts Predict Solana’s POPCAT Could Double Amid Surging Memecoin Interest: Here is Why
Crypto

Analysts Predict Solana’s POPCAT Could Double Amid Surging Memecoin Interest: Here is Why

May 7, 2025
Load More

Related News

JRNY CLUB Announces $JRNY Token and EARN Platform

JRNY CLUB Announces $JRNY Token and EARN Platform

May 7, 2025
Everything You Need to Know About Doodles Upcoming DOOD Token

Everything You Need to Know About Doodles Upcoming DOOD Token

May 7, 2025
Federal Reserve Holds Steady as Trump Tariffs Threaten Economic Stability: The Hard Truth Exposed

Federal Reserve Holds Steady as Trump Tariffs Threaten Economic Stability: The Hard Truth Exposed

May 7, 2025
Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

May 7, 2025
Federal Reserve Holds Rates Steady Amid Tariff Uncertainty: Trump Disappointment Grows

Federal Reserve Holds Rates Steady Amid Tariff Uncertainty: Trump Disappointment Grows

May 7, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Newsletter
  • Advertise
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX Gary Gensler grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.