Bitcoin Forecasted To Hover at $45,000- $50,000 Before Halving

Bitcoin [BTC], the world’s largest crypto, is currently on an intriguing journey. According to the analyst Michaël van de Poppe, the king coin is expected to see a notable rise. His analysis reveals that Bitcoin is expected to maintain a price range of $45,000 to $50,000 as it enters a new phase. Bitcoin’s halving is a prominent event that is slated to occur in April 2024.

The analyst also notes that the asset could also witness a correction. Bitcoin following its surge is expected to dip back down to the $32,000 to $35,000 zone.

This forecast coincides with Bitcoin bidding farewell to its period of accumulation. It is reportedly venturing into the initial stages of a bullish cycle. This further marks a significant release from the recent bear market.

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