Will there be a sharp drop before and after this halving (guess a 40% retracement would be considered a sharp drop?). In fact, simple on-site speculation may not be enough to produce such a large amplitude, while external black swan events are something you can only encounter by chance.
JinseFinanceTaking into account the historical performance patterns before and after the Bitcoin halving and the current better environment, the price of Bitcoin is expected to hit US$60,000 before the halving in 2024, with the full-year range fluctuating between US$32,000 and US$85,000.
JinseFinanceJPMorgan anticipates Bitcoin's rally before the halving, noting its current surge and limited upside potential. They highlight the flow of Bitcoin and upcoming catalysts while expressing concerns about Tether and potential regulatory oversight.
Huang BoTuur Demeester doubts the $1 million Bitcoin valuation by 2028, citing market uncertainties, halving impact, and concerns about ETFs. He emphasizes caution in making predictions.
Xu LinThe event will double the bitcoin production cost to around $40,000, creating a positive psychological effect, the report said.
CoindeskThe last Bitcoin halving took place on May 11, 2020, and the next bitcoin halving will likely occur in 2024.
CoindeskBitcoin’s hashrate is reaching all-time highs, and it’s causing confusion about “the halvening” on Twitter.
CoindeskHash rate on the bitcoin network has hit a new all-time high of 281.79 million TH/s, and its next halving dates is projected to be as early as Q4 2023.
BeincryptoTraders still anticipate BTC prices above $100,000, but a closer look at the BTC halving cycle chart suggests that a sharper downside move will occur first.
CointelegraphThe $50,000 resistance level seems to be the line in the sand that separates certainty from doubt that Bitcoin has cast off the four-year cycle trend, according to Santiment.
Cointelegraph