Bitcoin has managed to recover from last month’s downtrend, with its price once again rising above the $43,000 mark.
BTC is up more than 3% in the past seven days, according to CoinMarketCap. As of this writing, BTC is trading at $43,098.66, with a market capitalization of over $845 billion.
There are still 2 months until the next BTC halving. Historically, the price of BTC has surged in the months following each halving, suggesting investors may see BTC reach new highs by the end of 2024.
However, the latest data shows that BTC may surge before the halving.
Popular cryptocurrency analyst Caleb Franzen recently revealed in a tweet that BTC’s 200-day exponential moving average (EMA) and 200-day simple moving average (SMA) are rising.
