Bitcoin

<p style="font-size:21px">An analyst now gives <strong>Bitcoin</strong> a massive price target of $300K-$500K based on its halving prediction, which may occur by the end of the year. </p> 
<p style="font-size:21px">A well-known crypto analyst believes that the cryptocurrency market is on the brink of a major rally, forecasting that <strong>Bitcoin (BTC)</strong> could hit a staggering six-figure price.</p> 
<p style="font-size:21px">In a recent strategy session, crypto trader <strong>Michaël van de Poppe</strong> <a href="https://x.com/CryptoMichNL/status/1849782967884804474" target="_blank" rel="noreferrer noopener">shared</a> with his 733,700 followers on the social media platform X that if they subscribe to the theory of BTC’s halving cycles, the leading cryptocurrency could soar to between $300,000 and $500,000 by the end of the year. </p> 
<p style="font-size:21px">He stated, <em>“It’s about time for the markets to go vertical. </em></p> 
<p style="font-size:21px"><em>If you believe in the four-year halving cycle, then we’re very close. </em></p> 
<p style="font-size:21px"><em>Whether it happens in November or December doesn’t matter—the outcome will be the same: Bitcoin to $300,000-$500,000.”</em></p> 
<p style="font-size:21px">According to van de Poppe’s analysis, Bitcoin has experienced only a small portion of the growth typically seen during halving years, indicating substantial potential for further gains if it follows historical patterns.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="576" src="https://franknez.com/wp-content/uploads/2024/10/BTC-Growth-after-Halving-1024x576.jpg" alt="" class="wp-image-93507" srcset="https://franknez.com/wp-content/uploads/2024/10/BTC-Growth-after-Halving-1024x576.jpg 1024w, https://franknez.com/wp-content/uploads/2024/10/BTC-Growth-after-Halving-300x169.jpg 300w, https://franknez.com/wp-content/uploads/2024/10/BTC-Growth-after-Halving-768x432.jpg 768w, https://franknez.com/wp-content/uploads/2024/10/BTC-Growth-after-Halving-676x380.jpg 676w, https://franknez.com/wp-content/uploads/2024/10/BTC-Growth-after-Halving.jpg 1502w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  BTC Growth after halving. Source: CryptoMichNL/X
 </figcaption>
</figure> 
<p style="font-size:21px">Bitcoin undergoes a halving event every four years, which reduces miners’ rewards by half. </p> 
<p style="font-size:21px">The most recent halving took place earlier this year.</p> 
<p style="font-size:21px">Van de Poppe noted that after Bitcoin recently dipped to around $65,000, it is now in a consolidation phase that could lead to a rally starting as soon as next week. </p> 
<p style="font-size:21px">He explained, <em>“After the dip toward the $65,000 area, we should see consolidation followed by a breakout. I anticipate that yields will start to fall soon again, which would lift the markets.”</em></p> 
<p style="font-size:21px">His projections suggest that Bitcoin could surpass $71,000 sometime in November before consolidating and then taking off again.</p> 
<p style="font-size:21px">As of now, Bitcoin is trading at $67,229.</p> 
<p style="font-size:21px">For more&nbsp;<strong><a href="https://franknez.com/daily-crypto-news/">Daily Crypto News</a></strong>&nbsp;and updates like this, join the newsletter or opt-in for push notifications.</p> 
<p style="font-size:21px"><strong>Follow us on</strong>&nbsp;<strong><a href="https://coinmarketcap.com/community/profile/FrankNez/" target="_blank" rel="noreferrer noopener">CoinMarketCap</a></strong>.</p> 
<p style="font-size:21px"><strong>Also Read:&nbsp;<a href="https://franknez.com/analyst-now-predicts-a-massive-solana-rally-to-4500/">Analyst Now Predicts A Massive Solana Rally To $4,500</a></strong></p> 
<h3 class="wp-block-heading" id="h-will-you-help-us-grow"><strong>Will You Help Us Grow?</strong></h3> 
<p style="font-size:21px">You can now&nbsp;<strong><a href="https://www.patreon.com/FrankNezMedia" target="_blank" rel="noreferrer noopener">contribute</a></strong>&nbsp;to the growth of the site on Patreon — thank you for helping power this incredible news outlet!</p> 
<p style="font-size:21px">Back to <strong><a href="https://franknez.com/">Daily Market News</a></strong>.</p> 
<div class="wp-block-group is-layout-constrained wp-block-group-is-layout-constrained"> 
 <h2 class="wp-block-heading" id="h-market-news-published-daily"><strong>Market News Published Daily</strong> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4f0.png" alt="📰" class="wp-smiley" style="height: 1em; max-height: 1em;"></h2> 
</div> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="574" src="https://franknez.com/wp-content/uploads/2023/08/Daily-Market-News-FrankNez-1024x574.jpg" alt="Market News Today - Analyst Now Gives Bitcoin A Massive Price Target of $300K-$500K." class="wp-image-55770" style="object-fit:cover" srcset="https://franknez.com/wp-content/uploads/2023/08/Daily-Market-News-FrankNez-1024x574.jpg 1024w, https://franknez.com/wp-content/uploads/2023/08/Daily-Market-News-FrankNez-300x168.jpg 300w, https://franknez.com/wp-content/uploads/2023/08/Daily-Market-News-FrankNez-768x431.jpg 768w, https://franknez.com/wp-content/uploads/2023/08/Daily-Market-News-FrankNez-676x379.jpg 676w, https://franknez.com/wp-content/uploads/2023/08/Daily-Market-News-FrankNez.jpg 1100w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Market News Today – Analyst Now Gives Bitcoin A Massive Price Target of $300K-$500K.
 </figcaption>
</figure> 
<p style="font-size:21px">Don’t forget to opt-in for push notifications so you don’t miss a single article!</p> 
<p style="font-size:21px">Be sure to share this article with your community.</p> 
<p style="font-size:21px">Also, thank you to all of our <strong><a href="https://www.patreon.com/FrankNezMedia" target="_blank" rel="noreferrer noopener">site sponsors</a></strong>.</p> 
<p style="font-size:21px">This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.</p> 
<p style="font-size:21px">Our readers can now <strong><a href="https://www.patreon.com/FrankNezMedia" target="_blank" rel="noreferrer noopener">donate $3 per month</a></strong> to support independent journalism.</p> 
<p style="font-size:21px">For daily news and updates on your favorite stories, opt-in for push notifications.</p> 
<p style="font-size:21px"><strong>Follow Frank Nez on</strong>&nbsp;<a href="https://twitter.com/FNez_Blogger" target="_blank" rel="noreferrer noopener"><strong>X (Twitter)</strong></a>,&nbsp;<a href="https://www.instagram.com/iamfranknez/" target="_blank" rel="noreferrer noopener"><strong>Instagram</strong></a>,&nbsp;or <strong><a href="https://www.facebook.com/NezMediaCompany/" target="_blank" rel="noreferrer noopener">Facebook</a></strong>. </p> 
<div class="wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-17 wp-block-buttons-is-layout-flex"> 
 <div class="wp-block-button has-custom-font-size is-style-fill" style="font-size:20px">
  <a class="wp-block-button__link wp-element-button" href="https://franknez.com/" style="border-radius:10px"><strong>More Market News <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4f0.png" alt="📰" class="wp-smiley" style="height: 1em; max-height: 1em;"></strong></a>
 </div> 
</div>  
<h3 class="wp-block-heading has-text-align-center" id="h-recommended-for-you"><strong>Recommended For You <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2728.png" alt="✨" class="wp-smiley" style="height: 1em; max-height: 1em;"></strong></h3> 
<div class="monsterinsights-widget-popular-posts monsterinsights-widget-popular-posts-alpha monsterinsights-popular-posts-styled monsterinsights-widget-popular-posts-columns-2">
 <ul class="monsterinsights-widget-popular-posts-list">
  <li><a href="https://franknez.com/snap-benefits-will-now-increase-for-the-year-2024/">
    <div class="monsterinsights-widget-popular-posts-text">
     <span class="monsterinsights-widget-popular-posts-title">SNAP Benefits Will Now Increase For The Year 2024</span>
    </div></a></li>
  <li><a href="https://franknez.com/a-massive-us-bank-is-now-closing-credit-cards/">
    <div class="monsterinsights-widget-popular-posts-text">
     <span class="monsterinsights-widget-popular-posts-title">A Massive US Bank is Now Closing Credit Cards</span>
    </div></a></li>
  <li><a href="https://franknez.com/the-us-treasury-direct-is-now-freezing-customer-accounts/">
    <div class="monsterinsights-widget-popular-posts-text">
     <span class="monsterinsights-widget-popular-posts-title">The US Treasury Direct is Now Freezing Customer Accounts</span>
    </div></a></li>
  <li><a href="https://franknez.com/california-now-has-massive-departures-as-hundreds-of-thousands-leave/">
    <div class="monsterinsights-widget-popular-posts-text">
     <span class="monsterinsights-widget-popular-posts-title">California Now Has Massive Departures As Hundreds of Thousands Leave</span>
    </div></a></li>
  <li><a href="https://franknez.com/a-giant-company-now-announces-unexpected-layoffs-in-virginia/">
    <div class="monsterinsights-widget-popular-posts-text">
     <span class="monsterinsights-widget-popular-posts-title">A Giant Company Now Announces Unexpected Layoffs in Virginia</span>
    </div></a></li>
  <li><a href="https://franknez.com/wells-fargo-is-now-freezing-bank-accounts-in-new-scandal/">
    <div class="monsterinsights-widget-popular-posts-text">
     <span class="monsterinsights-widget-popular-posts-title">Wells Fargo is Now Freezing Bank Accounts in New Scandal</span>
    </div></a></li>
 </ul>
</div> 
<div class="monsterinsights-inline-popular-posts monsterinsights-inline-popular-posts-beta monsterinsights-popular-posts-styled">
 <div class="monsterinsights-inline-popular-posts-image">
  <img decoding="async" src="https://franknez.com/wp-content/uploads/2024/11/JPMorgan-CEO-Has-Now-Become-The-Target-of-Over-200-Investigations-300x168.jpg" srcset=" https://franknez.com/wp-content/uploads/2024/11/JPMorgan-CEO-Has-Now-Become-The-Target-of-Over-200-Investigations-300x168.jpg 300w, https://franknez.com/wp-content/uploads/2024/11/JPMorgan-CEO-Has-Now-Become-The-Target-of-Over-200-Investigations-1024x573.jpg 1024w, https://franknez.com/wp-content/uploads/2024/11/JPMorgan-CEO-Has-Now-Become-The-Target-of-Over-200-Investigations-768x430.jpg 768w, https://franknez.com/wp-content/uploads/2024/11/JPMorgan-CEO-Has-Now-Become-The-Target-of-Over-200-Investigations.jpg 1100w " alt="JPMorgan CEO Has Now Become The Target of Over 200 Investigations">
 </div>
 <div class="monsterinsights-inline-popular-posts-text">
  <span class="monsterinsights-inline-popular-posts-label">Trending</span>
  <div class="monsterinsights-inline-popular-posts-post">
   <a class="monsterinsights-inline-popular-posts-title" href="https://franknez.com/jpmorgan-ceo-has-now-become-the-target-of-over-200-investigations/">JPMorgan CEO Has Now Become The Target of Over 200 Investigations</a>
  </div>
 </div>
</div> 
<form role="search" method="get" action="https://franknez.com/" class="wp-block-search__button-outside wp-block-search__text-button wp-block-search">
 <label class="wp-block-search__label" for="wp-block-search__input-17">Search</label>
 <div class="wp-block-search__inside-wrapper ">
  <input class="wp-block-search__input" id="wp-block-search__input-17" placeholder="" value="" type="search" name="s" required><button aria-label="Search" class="wp-block-search__button wp-element-button" type="submit">Search</button>
 </div>
</form>  
<p>The post <a href="https://franknez.com/analyst-now-gives-bitcoin-a-massive-price-target-of-300k-500k/">Analyst Now Gives Bitcoin A Massive Price Target of $300K-$500K</a> appeared first on <a href="https://franknez.com">Daily Market News 🗞️</a>.</p>

Analyst Now Gives Bitcoin A Massive Price Target of $300K-$500K

Table of Contents

FrankNez

Other articles published on Nov 5, 2024

Why Bitcoin Dipping Below $70,000 Shouldn’t Deter Hopeful Holders

Jito and Solana Outpace Ethereum in 24-Hour Fee Revenue

Reddit Sells Majority of Crypto Portfolio, Offloading Bitcoin and Ethereum

FTX's Nishad Singh Avoids Prison: Cooperation Earns Leniency Amid Crypto Collapse Fallout

8 Best Cryptos to Buy in November 2024 [Experts Analysis]

Bitcoin Spot ETF Outflows Reach Second Highest in History

Join our free newsletter for daily crypto updates!