Stockmoney Lizards’ Insights on Bitcoin
Renowned crypto analyst Stockmoney Lizards shared crucial insights on Bitcoin’s current state, with a special focus on the upcoming Bitcoin halving event. They predict a potential surge for Bitcoin, estimating a price of $250,000 based on the cryptocurrency’s past halving periods.
Bitcoin Price Action During Halving
In a recent tweet, Stockmoney Lizards showcased the cycling pattern of Bitcoin’s halving period, illustrating the fluctuations in its price before and after the halving event. Analysts delve into the movement of Bitcoin during past halving cycles to predict the upcoming Bitcoin halving price.
BTC Price Analysis
Bitcoin’s price predictions are influenced by various factors, including technical analysis and market sentiment. Currently, Bitcoin is trading at $42,661, showing a modest 1.9% decrease over the past week. The 24-hour trading volume indicates a decline of 24.1%, with the market cap hovering around $835.12 billion.
Hot Take
Stockmoney Lizards sees Bitcoin potentially falling to $35,000 as the crypto market is in the pre-halving consolidation phase. Looking ahead, the prediction extends to a potential surge of over 100%, projecting the BTC price to reach around $250,000 shortly after the halving in the next 6 months.
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