At the beginning of the current work week, Bitcoin showed positive dynamics, despite a significant outflow of assets from BTC ETFs. Temporarily down 17% after updating its all-time high to $73,750 on March 14, 2024, the cryptocurrency is currently trading at $67,535, 8% below its ATH.

Bitcoin has begun to recover despite record outflows from cryptocurrency exchange-traded funds (ETFs).

BTC halving is expected in 26 days, on April 20, 2024. This event will lead to a halving of the Bitcoin mining speed, which will slow down the flow of new BTC into the market and will likely increase the scarcity of the cryptocurrency, contributing to its price growth.

Trader Doctor Profit and analyst Michael van de Popp predict further growth of Bitcoin to levels above $80 thousand, possibly opening the way to the $100 thousand mark. At the same time, other participants in the crypto community expect increased growth of Bitcoin after the halving, with the hope of overcoming the psychologically significant level of $100,000. However, opinions are divided: from forecasts about the imminent achievement of $150 thousand to more conservative expectations of growth to $95 thousand by May. The author of the best-selling book “Rich Dad Poor Dad” Robert Kiyosaki predicts a breakthrough of the $100,000 level only by September 2024 .

Some members of the crypto community, including trader Johnny, expect a possible correction of Bitcoin to the level of $55 thousand at the end of March, after which the cryptocurrency rate may begin an attack on ATH.