Bitcoin Halving Prediction: Bullish April Ahead for BTC Price!

Published by

Qadir AK

April 1, 2024

As April dawns, Bitcoin stands at $69,650 USD, a slight dip from its mid-March high of $73,750. Eyes are fixed on the horizon, where ETF approvals and an upcoming BTC halving event hint at a potential climb to an average peak of $87,875 by year’s end.

But amidst these projections, one question looms large: Will April bring exhilarating highs or the familiar roller coaster ride for crypto fans?

The April Story

Renowned crypto coach Zia Ul Haque, often dubbed the “Oracle of Cryptocurrency,” points out an intriguing trend: April often emerges as a phoenix from March’s ashes, boasting an average Bitcoin gain of 14.2%.

His analysis spanning 2013 to 2024 suggests April could be the antidote to Bitcoin’s recent dip below the $70,000 mark.

What’s Fueling Bitcoin?

The fiscal year 2024 has been a remarkable one for Bitcoin price as it surged over 150% in the past twelve months. The king of cryptocurrency outshined stalwarts like Nifty50 and Gold, which saw gains of about 30% and 11%, respectively. In January 2024, the Securities and Exchange Commission approved Bitcoin ETFs, by giving 11 fund managers the green signal to list funds. The price of Bitcoin has doubled in the past six months, suggesting a robust uptrend in 2024.

The green light from the Securities and Exchange Commission in January 2024, allowing Bitcoin ETFs, spurred a doubling of Bitcoin’s value in six months, indicating a clear upward trend in 2024.

A Glimmer of Hope

With the Bitcoin halving event set for April 2024, excitement brews among crypto fans. Expected to halve the daily influx of new Bitcoins to 450, the event promises a recalibration of supply and demand dynamics, setting the stage for potential fireworks in FY 2025.

As institutional interest surges and Bitcoin-related financial services proliferate, Bitcoin seems poised for sustained growth.

Prepping for the Halving Impact

March 2024 witnessed Bitcoin hitting a fresh all-time high of $73,350 before dipping. Yet, with Zia Ul Haque’s optimism for April and the upcoming halving on April 22, signs point to a pre-halving surge, propelling Bitcoin’s price to new heights.

Despite the rollercoaster, one thing remains certain: Bitcoin’s April journey promises to be far from dull, and is poised for new victories and unforeseen challenges.

This Might Interest You: Veteran Investor Lists Top Altcoins for 50x-100x Gains by 2025

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.