Bitcoin is predicted to rise to $ 110,000 after halving

Data from the Look Into Bitcoin analytical service indicate that after halving, the quotes of the flagship crypto asset BTC $58,316.90 Bitcoin -2.03% Market capitalization $1.15 trillion VOL. 24 hours $2.99 billion may surpass the $ 100,000 mark. It is worth noting that bitcoin has recently reached an 18-month high, and against this background, many experts are actively discussing the medium-term prospects of the coin.

Look Into Bitcoin experts have noticed that a decrease in the reward for a mined block on the BTC network will contribute to the growth of bitcoin to $ 110 thousand. Experts suggest that the asset can reach the desired indicators by the end of 2025.

In their analysis, experts relied on the CDD indicator data. This metric allows us to assess the sentiment of long-term investors in a general context. It is noteworthy that many crypto investors continue to accumulate their assets. Recently, representatives of Glassnode reported that massive accumulation is also observed among bitcoin shrimpers. Investors with a balance of 1 to 100 BTC are the most active.

Looking at the whole picture, the vast majority of industry experts are positive about the medium-term prospects of the flagship crypto asset. Thus, analysts from Bitcoinist reported that bitcoin could rise to $ 50,000 by the next Christmas.

Since the beginning of this year, BTC has already grown by more than 120%. The most active dynamics was observed in October.

on November 11, the main cryptocurrency was trading at $ 37,054. The total number of coins circulating on the market amounted to $ 724 billion. Daily trading volumes, according to the analytical tracker CoinMarketCap, reached $ 20.8, a drop of more than 38%. Bitcoin’s dominance in the market is at 51.4%. The fear and greed index rose to 78 points.