The halving event, a critical event for Bitcoin, is approaching in mid-April. The halving of Bitcoin miners' rewards creates different expectations in the market. Investors and analysts are wondering what impact this situation will have on the Bitcoin price.
Various Predictions Regarding the Future of Bitcoin
Analysts make different predictions about the direction of Bitcoin price after halving. While some names suggest that Bitcoin can reach up to $ 1 million, other analysts predict that it can reach $ 100,000 and $ 150,000 respectively.
Decline Predictions Are Also on the Agenda
Some analysts and major institutions predict that the value of Bitcoin will decrease after the halving. For example, institutions such as JPMorgan state that Bitcoin may decline to $42,000 and attribute this decline to rising costs and mining difficulties.
Crypto Expert Rekt Capital states that Bitcoin may not follow a flat course in the short term after the halving and may make correction movements.
Focus on Other Cryptocurrencies
Recently, thanks to the popularity of the meme coin, Solana (SOL) has attracted attention and the possibility of its price rising rapidly has increased. Analyst Jake Gagain predicts that SOL could rise as high as $750. Cardano (ADA) is also a favorite of the crypto community and has the potential to rise to $11 after the halving, according to Dan Gambardello's predictions.
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