According to CoinGape, US market strategy research company Fundstrat released its Bitcoin price forecast for the next few months on Monday. Analysts believe that the Bitcoin halving event scheduled for around April 2024 and the BlackRock Bitcoin ETF may trigger a sharp rise in BTC. The halving event will reduce the block reward given to miners for processing transactions on the Bitcoin blockchain by half, thereby driving the scarcity of Bitcoin.

Fundstrat said that the launch of a Bitcoin ETF would bring daily demand to $125 million, so the implied equilibrium price needs to rise so that daily supply matches daily demand. The equilibrium analysis shows that the Bitcoin price is $140,000 to $180,000 before the halving in April 2024.