CandleFocus Bullish Bitcoin Halving Impact Yet to Play Out, Says Top Analyst
2024-10-07
Author: Content Editor
The price of Bitcoin has not reached its all-time high (ATH) of $73,750 since March, despite the recent Bitcoin halving event. However, crypto analyst J.A Maartunn suggests that BTC could rally in the future based on the growing hash rate and the sustained efforts of miners. Other advocates, like MicroStrategy Chairman Michael Saylor, believe that Bitcoin's price could surpass $100,000 soon. Companies are also showing their confidence in Bitcoin's trajectory by acquiring large amounts of the cryptocurrency. Institutional buyers are also gaining exposure to BTC through spot Bitcoin ETF products.
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