Analysts predict when bitcoin will resume growth

Many members of the cryptocurrency community believe that a correction period is necessary for bitcoin to gain strength for a further breakthrough. Representatives of the cryptocurrency industry have predicted when BTC $62,665.25 Bitcoin -0.33% Market capitalization $1.24 trillion VOL. 24 hours $1.31 billion will resume growth.

The Bitcoin halving of 2024, one of the most anticipated events, is about 30 days away. The halving will cut the BTC mining rate in half, which means the rate of inflow of new coins to the market. The history of observations shows that the event triggers the growth cycle of bitcoin and the entire digital asset market every time. There is reason to assume that BTC will also show positive dynamics against the backdrop of the 2024 halving.

Trader Doctor Profit considers the downward movement of BTC to be quite normal. In his opinion, this period is necessary for the cryptocurrency to accumulate strength for a breakthrough. The trader believes that the next target for the market leader is the range of $ 77,000-$ 78,000.

Analyst Michael van de Poppe suggested that bitcoin’s correction is close to completion. At the same time, he did not rule out a move below $ 60,000 before the next wave of growth.

Poppe’s forecast for the future of the BTC was supported by trader Captain Faibik. He also believes that the goal of BTC correction may be $ 60,000. A similar forecast was made by trader Nebraskangooner. In his opinion, investors will soon be able to see bitcoin at $ 62,000.

Crypto trader and analyst CrediBULL Crypto has released a positive forecast for bitcoin’s value. The expert believes that the BTC correction may be completed by March 20. After that, the analyst expects the cryptocurrency to move towards the ATH update.

Analyst Gert van Lagen gave the most positive forecast of bitcoin’s value. He believes that BTC is on the verge of parabolic growth, which will allow the cryptocurrency to break through the $ 100,000 level in the near future.