#Bitcoinresistancelevels

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Bitcoin Price Forecast: Analysts Predict Bull Run After Halving

The current year has already witnessed significant developments impacting the cryptocurrency industry, with one of the most crucial events being the approval of spot Bitcoin ETFs in the United States. Recently, the flagship of the crypto market reached global extremes, last seen in 2021. Many industry experts note that a full-fledged bull run is just beginning. With the highly anticipated halving scheduled for April, which could have a significant impact on the coin's dynamics, experts at Finbold sought insights on the potential price of BTC post-halving. According to ChatGPT, the machine learning system suggests that even before the event, Bitcoin could reach a new all-time high of $69,000. Following the halving, its price could potentially reach $80,000. It is worth noting that the reduction in miners' rewards for mined blocks has the most substantial impact several months later. According to ChatGPT, by December 31, 2024, Bitcoin could rise to $85,000. However, the machine learning system has also formulated a possible negative scenario in which Bitcoin could plummet to $10,000. This would only occur in the event of market fatigue, the implementation of regulatory crackdowns, and the emergence of a significant competitor. Previously, trader Skew reported that from a technical standpoint, Bitcoin confidently surpasses all resistances, which then act as strong supports. According to the specialist, the leading digital currency appears overbought, but there are currently no signs of a deep correction. Skew also highlighted the sustained institutional demand for the leading digital currency. Against this backdrop, specialized ETFs actively attract funds from large investors. Read the full article