With the upcoming Bitcoin halving scheduled for April 2024, there is much speculation in the crypto market about how this will impact Bitcoin's price.

According to crypto expert Michaël van de Poppe, there is a projection of Bitcoin reaching between $75,000 and $80,000 prior to the halving event. This forecast is based on the current consolidation phase of Bitcoin, indicating a gradual build-up towards a retesting of its previous peak, followed by a potential downturn.

The Bitcoin halving, occurring approximately every four years, is an important event that historically affects Bitcoin's market dynamics. It is anticipated that this event will create shortages, leading to heightened demand and potentially driving prices higher than in previous cycles.

Other experts, such as Jelle and Doctor Profit, have also shared positive outlooks on Bitcoin's price trajectory. Jelle expects a notable surge in Bitcoin's value, potentially exceeding $100,000 sooner than anticipated. Doctor Profit describes the current phase as an accumulation period, poised to propel Bitcoin past the $80,000 mark towards $100,000.

Although Bitcoin has decreased by around 2% in the last 24 hours, the current market price remains below $69,500.

The original article can be found at Optimisus website.