NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Bitcoin Bull Run Beckons: Unleashing The Potential Of 2024 Halving On Prices

Yuna Rin
Yuna Rin
1 year ago
3 mins read
Bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

In the context of the constantly changing and complex cryptocurrency industry, Bitcoin is currently facing a critical point in its trajectory, as it confronts a range of heightened price pressures that pose significant challenges.

The upcoming halving event in 2024 has generated significant anticipation, drawing attention to the complex interaction of various elements that contribute to the value and destiny of the subject in question.

Bitcoin’s value has increased by 75% so far this year despite having to deal with regulatory scrutiny and fraud. The leading crypto in terms of market cap and widespread adoption has shown surprising resilience in the face of US Securities and Exchange Commission enforcement actions against key exchanges like Binance.US and Coinbase.

Bitcoin’s Price Performance

Currently, Bitcoin is trading around $29,411, up a meager 0.2% in the last day, but managed to gain a decent 1.4% in the last week, data from crypto market tracker Coingecko shows. Bitcoin is currently showing a neutral stance in the market and facing resistance as it tries to surpass the key $29,600 mark.

Related Reading

Bitcoin price prediction 2024 2025

Bitcoin Price Prediction 2024/25: 4-Year Cycle And Elliot Wave Can Coexist

1 year ago

Bitcoin price flashing green in all timeframes. Source: Coingecko

If there’s a bullish breakout above $29,600, it could potentially open up the path for Bitcoin to reach the $30,200 level. The top coin has already reached the 61.8% Fibonacci retracement level, which is at $29,200.

Bitcoin reached a market cap of $572 billion on the weekend chart: TradingView.com

On the other hand, Bitcoin’s price could change in a big way if it can break through the support level of $30,200. This accomplishment could act as a catalyst and push the value of the coin into a new range, which is thought to be between $30,600 and $31,000.

Such a breakthrough could make the market more hopeful and boost investor trust, which could set the stage for more growth.

The critical zones to watch are $29,800 and $30,200. If Bitcoin’s price moves below these levels, it could indicate a bearish trend for the cryptocurrency.

Related Reading

Bitcoin

Bitcoin Retraces Back From $30,000 As Profit Taking Spikes

1 year ago

Bitcoin Price Prediction

Meanwhile, Cypherpunk figure Adam Back has bet on Bitcoin hitting six figures by March 2024. He made the wager on Twitter, predicting that Bitcoin will surpass $100,000 before the March 31, 2024 halving. The bet is with the Twitter user “Vikingo,” with the winner receiving 1 million satoshis (0.01 Bitcoin).

the bet is on🚀: i bet #bitcoin reaches or exceeds $100k between now and halving (31st Mar 2024) with @vikingobitcoin9 1million sats to the winner. https://t.co/Ij7iPEYjQW pic.twitter.com/PNpAaZvl8F

— Adam Back (@adam3us) August 5, 2023

For Bitcoin to meet this target, it needs a 243% increase in the next eight months. Before the previous halving in May 2020, Bitcoin saw a range-bound period without major gains. The most significant price surge occurred about six months post-halving, initiating a bullish market trend in November of that year.

Understanding Bitcoin Halving

Bitcoin halving refers to the occurrence where miners’ rewards for validating blockchain transactions are halved. This event takes place roughly every 210,000 mined blocks, which translates to approximately every four years.

Introduced by Bitcoin’s creator, Satoshi Nakamoto, in 2009, halvings serve the purpose of regulating asset supply. The mining reward reduces by half every 210,000 blocks, aligning with Nakamoto’s original vision as outlined in the white paper. This mechanism ensures the controlled creation of Bitcoin and maintains incentives for miners.

The historical trend of halvings driving price escalation underscores the intricate interplay between scarcity, demand, and Bitcoin’s valuation, accentuating the anticipation surrounding the forthcoming halving’s influence on prices.

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

Featured image from Deltec Bank & Trust

Tweet123Share196ShareSend
Yuna Rin
Yuna Rin

Yuna Rin

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Биткоин и график

Биткоин удерживает важные уровни: аналитики следят за отметкой $98 000

Рынок криптовалют снова в центре внимания. Биткоин, как всегда, играет первую скрипку, но на этот раз внимание уделяется новым технологиям....

daria 2 hours ago
hyperliquid

Hyperliquid бьёт рекорд: объём торгов превысил $398 млрд в августе

Август стал по-настоящему важной вехой для децентрализованной платформы Hyperliquid. Объем торгов превысил $398 млрд – рекордный показатель, который еще раз...

daria 2 hours ago
Bitcoin Mirrors Historical Pullback Ranges – Healthy Correction Or Trouble Ahead?

Bitcoin Mirrors Historical Pullback Ranges – Healthy Correction Or Trouble Ahead?

Bitcoin is facing renewed volatility after losing the $110,000 level just a few days ago, a breakdown that has fueled...

Sebastian Villafuerte 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

트럼프 지원 비트코인 채굴사, 9월 나스닥 상장 눈앞

트럼프 지원 비트코인 채굴사, 9월 나스닥 상장 눈앞

Soyeon Lee 2 hours ago
CoinPoker

CoinPoker готовит крупнейшую серию CSOP Fall с гарантиями на $6 млн

daria 2 hours ago

Joe Lubin, Co-Fondatore ETH: “Probabilmente Ethereum farà 100x”

clararosati 2 hours ago

Premium Sponsors

Press Releases

  • miner

    Fleet Miner launches “zero threshold cloud...

    58 minutes ago
  • OPTO Miner

    XRP faces short-term pressure, OPTO Miner becomes a stable...

    59 minutes ago
  • Jedna top kryptomena na kúpu predtým, než vyskočí o 3 536 % — podľa Cathie Wood z ARK Invest

    Jedna top kryptomena na kúpu predtým, než vyskočí o 3...

    1 hour ago
  • ドージコイン...

    1 hour ago
  • 1 legjobb kriptovaluta, amit érdemes megvenni, mielőtt 3 536%-ot emelkedik, Cathie Wood (ARK Invest) szerint

    1 legjobb kriptovaluta, amit érdemes megvenni, mielőtt 3...

    1 hour ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.