Coinbase analysts: halving will not affect the price of Bitcoin
Coinbase analysts David Duong and David Han suggest that the impulse from the upcoming halving at the end of this month has ceased to influence cryptocurrency quotes. They believe that the impulse has already materialized, since Bitcoin has updated its ATH. Experts draw attention to the fact that the price of Bitcoin has already renewed its historical maximum before the upcoming halving, which indicates that the positive impulse has begun to emerge say goodbye. Let us remember that digital gold updated its historical maximum at the level of $7,3650 in mid-March. After this, the asset rate became volatile, and at this moment the cryptocurrency is trading below the $68,000 mark. Since the beginning of April 2024, Bitcoin has fallen by 3%. Analysts also emphasized that this is the first halving in the history of BTC, when its value updated its maximum before this important event, and not after it. At the same time, analysts do not rule out that the price of Bitcoin may still rise after the halving, since traders now have high expectations for the growth of the coin. Note that relative to the future price of #BTC after #Halving is extremely high, to the point that its value will rise to several hundred thousand dollars. All that remains is to wait for the halving and see how correct the forecasts of professional experts turned out to be.
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