Bitcoin is Entering the Halving Month, So What Are the Predictions?

BTC price continues the day at $69,855 and altcoins are consolidating. So what is the scenario for halving? After months of Bitcoin's rise, investors are convinced of further price increases. Historical data also says that the BTC price may continue to rise during the halving period.

Bitcoin April Predictions

Since September 2023, Bitcoin has consistently been rising above the previous month's peak, and this continued in March. Now, as we live the last hours of the first quarter of the year, the price is on the threshold of $ 70,000. So, has such a strong rise been experienced before?

BTC last saw its 7-month upward streak in 2012, when its price climbed from $4.89 to $12.37. It was also noteworthy that the price dropped by 10 percent after this rally. Analysts at crypto firm Matrixport said that in 2012, a 10% decline occurred the following month, followed by six consecutive months of positive returns.

Accordingly, Bitcoin rally may continue after a short break. This view seems promising, as the price has experienced a 10 percent loss similar to the previous one and entered a consolidation process in the current period.