Bitcoin (BTC) remained steady around $69,400 on April 10, following a near-record high of $73,800. As the Bitcoin halving approaches in less than 10 days, there is uncertainty about whether the previous all-time high support level will hold. The recent failed attempts to surpass the all-time high indicate traders' hesitancy near peak levels, with potential for sharp price declines. Arthur Hayes of BitMEX anticipates a 'firesale' of crypto assets due to the upcoming halving, Federal Reserve strategies, and Treasury Department actions. Consumer sentiment on Bitcoin's future is divided, with predictions ranging from a significant drop to a new high by 2024. Analysts foresee Bitcoin potentially dropping to $40,000 post-halving before re-accumulating in the $60,000-70,000 range. However, there are also predictions of a descent to $40,000 if the price falls below $60,000. It is important to note that this article does not provide investment advice, and readers should conduct their own research before making decisions. Read more AI-generated news on: https://app.chaingpt.org/news
