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> 
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<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

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