2024-2025 READY TO MAKE THE BITCOIN HALVING PROCESS IS 85% COMPLETE..!!!

Bitcoin Halving is a process where the block reward for Bitcoin mining is halved. This occurs every four years and has been a significant event influencing the price of Bitcoin.

In each previous cycle, Bitcoin reached the 78.6% Fibonacci retracement level before halving. Analyst “Titan of Crypto” predicts that Bitcoin could reach $48,700 which is equivalent to IDR 750 million (exchange rate $1 = IDR 15,400) before the next halving based on this pattern.

In addition, renowned analyst PlanB estimates that Bitcoin could reach a value of between $32,000 to $66,000 or the equivalent of IDR 492 million to IDR 1 billion (exchange rate $1 = IDR 15,400) by the 2024 halving, with the potential to reach $1 million or IDR 15.4 billion (exchange rate $1 = Rp. 15,400) in 2025.

Although many analysts are optimistic about Bitcoin's price increase ahead of the halving, there are also those who think otherwise. “Rekt Capital”, for example, sees a possible price drop of around 27%, with Bitcoin reaching around $20,300 by mid-February 2024.