As it is known, the halving process, which takes place every four years and is called halving, will be repeated in April 2024.
The halving, which will be held for the fourth time next year, will take place as part of the process of limiting the Bitcoin supply to 21 million.
The highest (ATH) price reached by Bitcoin was $69,045.00.
Bitcoin last reached its highest price in its history in November 2021.
After the sharp decline in 2022, Bitcoin managed to catch a 70% increase in total.
After the sharp fall in the markets, Bitcoin has recovered 70% of the loss, although it still has a hard time exceeding the $30,000 level and staying there.
Currently (April 24, 2023) Bitcoin is trading at $27.278.20.
After the previous 3 halvings, serious increases were seen in the Bitcoin market.
According to experts, Bitcoin may show a 78% rise with the halving.
Research by Bloomberg Inteligence and Matxiport states that Bitcoin will enter a serious uptrend.
Bitcoin could reach $50,000, according to Bloomberg Inteligence!
Analyst Jamie Douglas Coutts states that Bitcoin made a bottom about 12 to 18 months before previous halving processes.
According to Coutts, who stated that there are similarities with the previous processes when the current price movements are examined, it is possible for Bitcoin to make a leap like in the past after the halving.
According to Matrixport, Bitcoin will be at $65,623 by April 2024.
According to Research Director Markus Thielen, the price of Bitcoin may reach more than double its current price by April next year.
According to CCData, Bitcoin needs to overcome some hurdles in order to make the expected rise.
Analyst Jacob Joseph says that conditions such as market growth and changes in competitive conditions of other crypto assets could change the past cycle of rising the price of Bitcoin.
In other words, it is possible that the halving that will take place in 2024 will not occur in the same way as the other three halves.
According to Joseph, to speak more clearly on this subject, it is necessary to follow the 20-day exponential moving average (EMA) and 50-day simple moving average (SMA) and a few other important technical indicators for Bitcoin.
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