- Two top Twitter analysts, Tony “The Bull” and Rager, had different opinions on the price of Bitcoin before the next Bitcoin halving.
- Apparently, one of them is bullish and predicts a price of more than $160k. But the other is cautious with a prediction of $40k.
The crypto industry is slowly but quietly gearing up for Bitcoin halving in 2024. Apparently, many crypto enthusiasts expect the apex cryptocurrency to take a positive price trajectory before halving. So, many crypto Twitter analysts have given their thoughts on the matter. One thinks Bitcoin might touch $161k. On the other hand, another root for a smaller $40k.
Top Twitter Analysts Say Bitcoin Will Go Above $160,000
Image Credit From Tony via Twitter
- Tony “The Bull” is one of the top crypto analysts on Twitter (X). Recently, he made some predictions regarding the price of Bitcoin before the next halving.
- For beginners, Bitcoin halving is an event where the rewards earned from mining Bitcoin get divided in half. Since Bitcoin is a proof-of-work blockchain, miners are the ones that approve transactions on the network. But each Bitcoin halving means they will earn fewer rewards for the next cycle. The next Bitcoin halving will happen in 2024.
- With that in mind, many Twitter analysts make Bitcoin price predictions before the halving. One of them is Tony “The Bull”, who is overly optimistic about the price of Bitcoin before halving. According to him, he exhttps://twitter.com/tonythebullBTC/status/1690753811495731200?s=20pects Bitcoin to reach more than $160,000. This is quite a bold prediction, but Tony is up for that.
- Moreover, he shared some charts that illustrate his claim. Apparently, Tony shared a chart of the Bitcoin CME Futures, which is about to touch 1M Parabolic SAR. According to Tony, once this happens, Bitcoin might increase by more than 499%. This occurrence happened in the past, and this Twitter analyst believes it will happen again. But another analyst thinks differently.
Bitcoin to be Around $40k Before Halving — Twitter Crypto Analyst
- While Tony is optimistic about the next Bitcoin halving price, another is quite cautious about his predictions. Rager is a crypto analyst that has a good knowledge of the market. Nevertheless, he shared an analysis that is quite different from that of Tony.
- Rager is even more expounding with his argument. He incorporated the Bitcoin ETF scenario in his argument. Apparently, Rager thinks the SEC might push the Bitcoin ETF approval to March 2024. But within this time, Bitcoin price will see a pullback. This pullback will make the apex cryptocurrency fluctuate between $20k to $30k.
- Within March, Rager expects the SEC to approve the Bitcoin ETF. Furthermore, this Twitter analyst specifically said the Bitcoin ETF approval would be crucial. The SEC approving the ETF will take the BTC price up to $40k before halving. Moreover, Rager expects a massive price movement starting around June/July, which could extend into early to mid-2025.
Conclusion
Bitcoin halving will happen in 2024, and there are already huge predictions about the event. One of the Twitter crypto analysts says he expects Bitcoin to reach the $161k threshold before the next halving. On the other hand, another prominent analyst says he will expect a cautious $40k before the halving.
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