
April 18th, 2025
It is expected that the demand for Bitcoin will rise in ways that have never been seen in its entire history.
Post the Bitcoin ETF approval, the Bitcoin halving in April 2024 will prove to be a major catalyst in driving the BTC price above $100,000 by the end of the year.
Bitcoin has shown a tendency to experience steady price increases in the months following the halving.
Bitcoin miners are preparing for this year’s 50 percent reduction in block reward by updating their mining hardware and software as experts predict significant profits by EOY.
While crypto ended 2023 on a positive note, we look forward to the sector in 2024 and beyond, with the following predictions.
The timing aligns perfectly in 2024 for a spot ETF approval to have already attracted significant investment, and then the halving decreases Bitcoin’s supply right when demand shoots higher.
CryptoQuant says factors like the halving, ETF, approval, and rate cuts, could push Bitcoin to $160K next year.
Several companies are anticipating the changes expected from the Bitcoin halving next year and have pumped in more mining investments.
Crypto experts during the Next Block Expo conference in Berlin unanimously agreed the crypto bear market is over but emphasized a cautious approach.
The consensus within the crypto community is that a green light for a Bitcoin ETF is imminent, with expectations pointing towards an early approval in 2024.
Anticipation is building for the approval of a spot Bitcoin ETF in January 2024. If it happens, it could bring a significant influx of at least $12 billion to $14 billion into the BTC market, potentially driving up the price.
Bitcoin price has already bottomed out from the 2022 crypto bear market with about 137.1k BTC left to mine until the fourth halving event in early 2024. It is expected that approximately 150 days are left until the next halving.
Historically, BTC does have a rally before its halving occurs. However, the most certain part of the halving is the rally that comes after the event.
One of the factors that align with the ‘perfect storm’ is the upcoming Bitcoin halving event expected to occur in April 2024.
The Bitcoin network has set a new historic mining hashrate record as the market prepares for next year’s halving.