{"id":551587,"date":"2023-09-15T21:00:42","date_gmt":"2023-09-15T21:00:42","guid":{"rendered":"https:\/\/uniquehot.com\/?p=551587"},"modified":"2024-06-11T07:06:31","modified_gmt":"2024-06-11T07:06:31","slug":"bitcoins-next-move-crypto-analyst-predicts","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoins-next-move-crypto-analyst-predicts\/","title":{"rendered":"Bitcoin’s Next Move: Crypto Analyst Predicts $45,000 Price Ahead Of Halving"},"content":{"rendered":"

Crypto Michael, a cryptocurrency analyst in the crypto space, has recently shared some insights on the possible market trend of the Bitcoin (BTC) price before the halving commences. These insights were shared in a video<\/a> uploaded on the analyst’s YouTube channel.<\/span><\/p>\n

Signs Of A Potential Bull Run<\/span><\/h2>\n

According to the recent revelations by Crypto Michael, Bitcoin might be on the brink of a new bull run<\/a>. In his video, which has garnered over 2,000 views on YouTube, the analyst suggests that the cryptocurrency shows considerable resilience and potential for a surge.<\/span><\/p>\n

Related Reading: Bitcoin Begins Rally As Franklin Templeton Joins Race For BTC Spot ETF<\/a><\/div>\n

This optimism stems from various indicators and patterns observed in Bitcoin’s price action. It’s not just Bitcoin’s impending rise that Crypto Michael has highlighted. <\/span><\/p>\n

The analyst also mentions that the altcoin market is warming up for a possible upward trend. The expert believes the significance of this parallel bullish movement for altcoins cannot be underestimated. <\/span><\/p>\n

It is worth noting that a comprehensive bull market, including both Bitcoin and its altcoin counterparts, could mean significant gains for diversified crypto portfolios.<\/span><\/p>\n

$45,000 Ahead Of The Bitcoin Halving?<\/span><\/h2>\n

Diving deeper into his analysis<\/a>, Crypto Michael predicts a potential Bitcoin price of $45,000 before the much-anticipated halving event next year. A halving is crucial in the Bitcoin network, where miners’ rewards for adding new blocks to the blockchain are cut in half. <\/span><\/p>\n

This event typically decreases supply and can significantly influence Bitcoin’s price. <\/span>Historically, the crypto market has experienced bullish trends<\/a> before and after halvings. <\/span><\/p>\n

This cyclical behavior has been observed in the past two halvings, with price surges leading up to and following the event. However, the current market dynamics have left investors in a speculative state, pondering if history will repeat itself.<\/span><\/p>\n

Particularly, Bitcoin has shown a bearish trend over the past month, down by nearly 10%. The asset plunged from its high of $30,000 in late July to as low as trading just above $25,000 on Monday. However, Bitcoin’s price can be seen to show signs of recovery in the past few weeks.<\/p>\n

The asset trades above $26,000 at the time of writing, with a price of $26,338 and a market cap of $513 billion today. Notably, Bitcoin’s market cap<\/a> is currently up by more than $10 billion compared to its recent market cap value of below $500 billion, seen earlier this month.<\/p>\n

Related Reading: JPMorgan Adjusts Bitcoin\u2019s Production Cost: What This Means For BTC And Its Miners?<\/a><\/div>\n

It is worth noting that while its market cap and price have surged over the past two weeks, the asset’s trading has trended in the opposite direction. Particularly, Bitcoin’s daily trading volume has plunged from the $18 billion seen earlier this month to as low as $10 billion, in the last 24 hours.<\/p>\n

\"Bitcoin
Bitcoin (BTC) price is moving sideways on the 4-hour chart. Source: BTC\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from iStock, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto Michael, a cryptocurrency analyst in the crypto space, has recently shared some insights on the possible market trend of the Bitcoin (BTC) price before the halving commences. These insights were shared in a video uploaded on the analyst’s YouTube channel. Signs Of A Potential Bull Run According to the recent revelations by Crypto Michael, Bitcoin might be on the brink of a new bull run. In his video, which has garnered over 2,000 views on YouTube, the analyst suggests that the cryptocurrency shows considerable resilience and potential for a surge. Related Reading: Bitcoin Begins Rally As Franklin Templeton Joins Race For BTC Spot ETF This optimism stems from various indicators and patterns observed in Bitcoin’s price action. It’s not just Bitcoin’s impending rise that Crypto Michael has highlighted. The analyst also mentions that the altcoin market is warming up for a possible upward trend. The expert believes the significance of this parallel bullish movement for altcoins cannot be underestimated. It is worth noting that a comprehensive bull market, including both Bitcoin and its altcoin counterparts, could mean significant gains for diversified crypto portfolios. $45,000 Ahead Of The Bitcoin Halving? Diving deeper into his analysis, Crypto Michael predicts a potential Bitcoin price of $45,000 before the much-anticipated halving event next year. A halving is crucial in the Bitcoin network, where miners’ rewards for adding new blocks to the blockchain are cut in half. This event typically decreases supply and can significantly influence Bitcoin’s price. Historically, the crypto market has experienced bullish trends before and after halvings. This cyclical behavior has been observed in the past two halvings, with price surges leading up to and following the event. However, the current market dynamics have left investors in a speculative state, pondering if history will repeat itself. Particularly, Bitcoin has shown a bearish trend over the past month, down by nearly 10%. The asset plunged from its high of $30,000 in late July to as low as trading just above $25,000 on Monday. However, Bitcoin’s price can be seen to show signs of recovery in the past few weeks. The asset trades above $26,000 at the time of writing, with a price of $26,338 and a market cap of $513 billion today. Notably, Bitcoin’s market cap is currently up by more than $10 billion compared to its recent market cap value of below $500 billion, seen earlier this month. Related Reading: JPMorgan Adjusts Bitcoin\u2019s Production Cost: What This Means For BTC And Its Miners? It is worth noting that while its market cap and price have surged over the past two weeks, the asset’s trading has trended in the opposite direction. Particularly, Bitcoin’s daily trading volume has plunged from the $18 billion seen earlier this month to as low as $10 billion, in the last 24 hours. Featured image from iStock, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":538164,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[167,428,1119,78790,6664],"class_list":["post-551587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-analyst","tag-bitcoin","tag-btc","tag-btcusdt","tag-crypto"],"acf":[],"yoast_head":"\nBitcoin Next Move: Crypto Analyst Predicts $45,000 Price Ahead of Halving<\/title>\n<meta name=\"description\" content=\"Crypto Michael, a well-known analyst in the crypto space, has recently shared some insights on Bitcoin possible market trend before the...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin’s Next Move: Crypto Analyst Predicts $45,000 Price Ahead Of Halving","url":"http:\/\/uniquehot.com\/news\/bitcoins-next-move-crypto-analyst-predicts\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoins-next-move-crypto-analyst-predicts\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","bitcoin","btc","btcusdt","crypto"],"dateCreated":"2023-09-15T21:00:42Z","datePublished":"2023-09-15T21:00:42Z","dateModified":"2024-06-11T07:06:31Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin’s Next Move: Crypto Analyst Predicts $45,000 Price Ahead Of Halving\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoins-next-move-crypto-analyst-predicts\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoins-next-move-crypto-analyst-predicts\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"bitcoin\",\"btc\",\"btcusdt\",\"crypto\"],\"dateCreated\":\"2023-09-15T21:00:42Z\",\"datePublished\":\"2023-09-15T21:00:42Z\",\"dateModified\":\"2024-06-11T07:06:31Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/andre-francois-mckenzie-iGYiBhdNTpE-unsplash-2.jpg?fit=1920%2C1282","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/551587"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=551587"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/551587\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/538164"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=551587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=551587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=551587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}