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CoinTurk News 2023-11-30 17:39:19

Bitcoin’s Rally Amidst Halving Anticipation: Analysts Predict Major Upsurge

Bitcoin’s Rally Amidst Halving Anticipation: Analysts Predict Major Upsurge

Despite the recent drop in Bitcoin’s (BTC) price, the largest cryptocurrency managed to surpass the $38,000 barrier several times in the last 24 hours, and the rapidly approaching block reward halving in 2024 is considered an important catalyst that could drive prices upwards. According to a historical analysis by cryptocurrency analyst Trader Tardigrade on November 30th on his personal X (formerly known as Twitter) account, Bitcoin traditionally tends to surge extraordinarily in periods leading up to and following block reward halvings. “Bitcoin Could Hit $39-40K Within Days” Experienced cryptocurrency analyst Trader Tardigrade, taking into account the effect of the block reward halving, expressed the view that Bitcoin could rise to $50,000 as the event approaches. The post Bitcoin’s Rally Amidst Halving Anticipation: Analysts Predict Major Upsurge appeared first on COINTURK NEWS.

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