Bitget conducted a study on the impact of Bitcoin Halving in 2024
Bullish projections for Bitcoin price action continue, specifically these lines will be dedicated to the considerations that Bitget has launched by projecting that upcoming Bitcoin halving will have a positive impact on investment decisions.
Namely and according to information disclosed by Rodrigo Di Paula Ambrissi, the study that Bitget developed "included several participants from the following regions: Western Europe, Eastern Europe, Southeast Asia, East Asia, Middle East, North Africa and Latin America, with a total of 9,748 people."
It has been noted in Ambrissi's article that, "Bitcoin price predictions during halving (which will take place around April 2024) present a different picture. While many investors around the world predict a range between $30,000 and $60,000, about 30% of respondents expect the price to exceed $60,000, with greater optimism in markets such as Latin America."
In this regard, according to Bitget's projections, "investors strongly believe that Bitcoin will surpass its all-time high in the next bull run; even the most cautious regions have demonstrated substantial optimism regarding the future of cryptocurrencies."
A key insight within Bitget's study, "When it comes to predictions of the all-time high of the next bull market, the majority (55%) predict the Bitcoin price will stabilize between $50,000 and $100,000, while a smaller but significant segment is more optimistic and thinks the price will surpass $150,000 USD"
SOURCES CONSULTED
Cointelegraph. Traders forecast new high for BTC in next bull run, study shows. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Thecurrencyanalytics
It's like the studies is gradually translating into reality for BTC to making this recent moves in price imho.
That had to be one of the most popular studies so far because BTC chart is showing a new bullish pattern never seen in recent years. And to be honest, Bitget insight has become one very reliable source of crypto analysis
With BTC now slightly trading above $48k just 2 months to it's halving, it's becoming clearer that Bitget prediction about the pre/post halving should be taken with utmost seriousness as much capital is begining to flow in demonstrating investors interest to follow the trend. The analysis by finder.com also align with Bitget study.
https://www.finder.com/bitcoin-btc-price-prediction
Bitcoin will probably experience a substantial price increase after the Bitcoin Halving event, as expected by most investors, but I anticipate seeing a similar price movement just like its price trend after the SEC approves Bitcoin ETFs before an upward trend.
BTC will inevitably approach toward that target zone soon after its halving. This currency has the potential to bring significant price changes into the market. I'm eager to see and a bit optimistic here about Bitget's prediction for the upcoming bull season which seems pretty reliable from my perspective.