Bitcoin price surge after halving – Forecasts and investment trends
Bitcoin Halving – What Will the Near Future Bring for the Cryptocurrency?
The highly anticipated Bitcoin halving is approaching, which, according to market analysts, may have a significant impact on the price of the world’s most popular cryptocurrency. The groundbreaking moment is just 10 days away, a moment eagerly awaited by many.
Bitcoin Price – Stability and Forecasts
Currently, the price of Bitcoin remains above the psychological barrier of $70,000, giving hope to investors for further growth. Analysts emphasize optimistic long-term forecasts, suggesting that after the halving, the price of Bitcoin could increase by over 160%, reaching a cycle peak above $150,000.
Price Drop Before the Halving
Prior to the upcoming halving, the price of Bitcoin has seen a 2.2% drop in the last 24 hours, reaching $70,694. Analysts note increased selling pressure, which may lead to further price decreases, especially after the new historical peak reached before the halving.
Role of Exchange-Traded Funds (ETFs)
It is worth noting that investments in U.S. exchange-traded funds (ETFs) on Bitcoin play a significant role in the cryptocurrency’s price increase. Reaching a 75% share of new Bitcoin investments when surpassing the $50,000 mark demonstrates the significance of this form of investment.
Bitcoin ETFs and Cryptocurrency Turnover
Bitcoin ETFs have already accumulated over 841,900 BTC worth $59.2 billion, accounting for a substantial 4.28% of Bitcoin’s total turnover. Within two weeks, they can absorb up to 2.6% of Bitcoin’s total turnover annually, indicating the growth dynamics of this investment form.
Summary
The upcoming Bitcoin halving and the increasing interest of investors in ETF funds for cryptocurrency create a dynamic situation in the market. Expectations regarding the future price of Bitcoin are optimistic, but it is essential to monitor market changes and react in line with expert analyses.
