Leading Trader Predicts Bitcoin Poised for Price Surge as Fresh Narrative Emerges – Unveils Market Forecast
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An eminent cryptocurrency analyst shares that a significant occurrence expected in a few months might propel Bitcoin (BTC) to climb higher.
The anonymous expert known as The Flow Horse has informed nearly 200,000 followers on social media site X that the impending halving event for Bitcoin in April could trigger a surge in the leading digital currency’s valuation, much like previous instances.
Bitcoin undergoes a halving event every four years, which slashes the rewards for miners by fifty percent. Past halving events have been associated with bullish trends in Bitcoin’s market value.
The Flow Horse expresses,
“Here’s some advice, considering many in this market are fixated on daily fluctuations and aim to replicate their trading idols by catching every minor movement the market presents: we are approaching a very consistent and widely-recognized narrative in the market’s history. The data points may be limited, but it’s what we’ve got.
Entering the market at $43,000 or $33,000 shouldn’t worry you – higher prices tend to precede and follow the halving. This event is likely to uplift the entire market.”
Nonetheless, the analyst also points out the possibility of short-term fluctuations as a significant amount of Bitcoin enters the prominent American cryptocurrency exchange Coinbase, potentially hindering BTC’s price progression.
“A considerable sum of BTC appears to be on the market again at Coinbase. Thus far, the pattern has been aggressive selling, allowing the price to gradually increase into the sell walls before repeating the cycle.”
At the time of this writing, Bitcoin’s trading value stands at $43,462, observing a slight increase over the past 24 hours.
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Disclaimer: Views expressed at The Daily Hodl are not investment recommendations. Investors are urged to conduct their own research before engaging in high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Be aware that your transfers and exchanges are at your sole risk, and any losses are your own responsibility. The Daily Hodl is not an investment advisor and does not endorse the purchase or sale of any cryptocurrencies or digital assets. It should also be noted that The Daily Hodl engages in affiliate marketing.
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