Michael Van de Poppe, a well-known cryptocurrency analyst, recently shared his insights on X, stating that he expects Bitcoin to remain in a consolidation phase and not reach a new all-time high before the halving.
The next Bitcoin halving, scheduled to occur in just 14 days, will reduce the cryptocurrency’s issuance rate and miners’ rewards. Poppe’s analysis also suggests the possibility of Bitcoin’s price dropping to the $60,000 to $56,000 range this summer.
