Bitcoin Halving Rally 2024: Trends and Expectations

The Bitcoin halving in 2024 is an event that generates great expectation in the cryptocurrency market. Historically, halving has been followed by upward trends in the price of Bitcoin. In 2012 and 2016, the halving year was followed by an increase of 11,000% and 2,850%, respectively. In 2020, the increase was 700%, despite the global pandemic.

For 2024, forecasts are optimistic. The analysis company Matrixport predicts that Bitcoin could reach US$63,000 by March 2024. Bloomberg Intelligence estimates that the price could reach US$100,000 by the end of the year.

Some factors that may contribute to this increase include:

Reduction in supply.

Increased demand.

Improvement of macroeconomic conditions.

However, it is important to exercise caution. The cryptocurrency market is volatile and unpredictable. Factors such as regulation, cyber attacks and geopolitical events can negatively influence the price of Bitcoin.

In numerical terms:

Current Bitcoin Price: $43,000 (March 2024)

Matrixport Forecast: $63,000 (March 2024)

Bloomberg Intelligence forecast: $100,000 (end of 2024)

Bitcoin return in 2023: 158%

Conclusion:

My shopping list in case of a major correction looks like this:

1.Bitcoin $57,000

2. Ethereum $2,800

3. Doge 0.09$

4. Sol 150$

5. CKB 0.015

6. PEP 0.00000620

The Bitcoin halving in 2024 is an event with the potential to boost the price of the cryptocurrency. The forecasts are optimistic, but it is important to be cautious and consider the risks involved.

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