Bitcoin faces ‘sell the news event’ before 2024 BTC price all-time hi#BTC
$BTC
Bitcoin bulls will need to navigate a fresh sell-off around the halving, DecenTrader warns, arguing that BTC price action this time around will be no different than usual.
Bitcoin $42,716 should break new all-time highs in 2024 — but the halving will punish bulls first, new analysis says.
Bitcoin has around one month of sideways price action before markets begin to react to the upcoming block subsidy halving, DecenTrader believes.
Summarizing the BTC price roadmap for this year, CEO and co-founder Filbfilb told readers to expect a spike in buying around two months before the halving date, currently estimated for April 18.
This will be followed by another “sell the news event” — similar to the events surrounding the launch of spot Bitcoin exchange-traded funds (ETFs) in January.
