$BTC $ETH $BNB #BTC #ETH Morgan Stanley: Bitcoin price is expected to rise to $100,000 after the “halving”

The cryptocurrency market is about to undergo major changes, with Morgan Stanley predicting a Bitcoin rebound following the halving event in early 2024. Currently, approximately 137,100 Bitcoins remain to be mined before reaching this milestone, which is expected to be achieved within the next 150 days. The recent US-Binance agreement has been a catalyst for optimism, setting the stage for a new era in cryptocurrencies. Following this development, Bitcoin found strong support between $31,000 and $32,000 after breaking out of a macro ascending triangle pattern.

Growing institutional interest in Bitcoin is seen as a driving force behind its potential to have a market capitalization of over $3 trillion by mid-2025. Historical patterns show that halving events that reduce miner rewards typically trigger bull markets. Analysts predict that Bitcoin’s price could surge above $100,000 after the next halving due to increased investment and advancements in regulatory frameworks such as the European Union’s Market for Crypto-Assets (MiCA) and potential U.S. cryptocurrency regulations.

Kathy Wood of Ark Investment holds a more optimistic view, predicting that by 2025, the price of Bitcoin may climb to between US$650,000 and US$1.5 million.

This bullish outlook is underpinned by a wave of FOMO (fear of missing out) among investors seeking quality assets. The expectations surrounding these developments indicate that the cryptocurrency space is evolving rapidly, with significant implications for investors and the broader financial markets.