Bullish projections for Bitcoin price action continue, specifically these lines will be dedicated to the considerations that Bitget has launched by projecting that upcoming Bitcoin halving will have a positive impact on investment decisions.
Namely and according to information disclosed by Rodrigo Di Paula Ambrissi, the study that Bitget developed "included several participants from the following regions: Western Europe, Eastern Europe, Southeast Asia, East Asia, Middle East, North Africa and Latin America, with a total of 9,748 people."
It has been noted in Ambrissi's article that, "Bitcoin price predictions during halving (which will take place around April 2024) present a different picture. While many investors around the world predict a range between $30,000 and $60,000, about 30% of respondents expect the price to exceed $60,000, with greater optimism in markets such as Latin America."
In this regard, according to Bitget's projections, "investors strongly believe that Bitcoin will surpass its all-time high in the next bull run; even the most cautious regions have demonstrated substantial optimism regarding the future of cryptocurrencies."
A key insight within Bitget's study, "When it comes to predictions of the all-time high of the next bull market, the majority (55%) predict the Bitcoin price will stabilize between $50,000 and $100,000, while a smaller but significant segment is more optimistic and thinks the price will surpass $150,000 USD"
SOURCES CONSULTED
Cointelegraph. Traders forecast new high for BTC in next bull run, study shows. Link
OBSERVATION:
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It's like the studies is gradually translating into reality for BTC to making this recent moves in price imho.
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That had to be one of the most popular studies so far because BTC chart is showing a new bullish pattern never seen in recent years. And to be honest, Bitget insight has become one very reliable source of crypto analysis
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Bitcoin will probably experience a substantial price increase after the Bitcoin Halving event, as expected by most investors, but I anticipate seeing a similar price movement just like its price trend after the SEC approves Bitcoin ETFs before an upward trend.
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BTC will inevitably approach toward that target zone soon after its halving. This currency has the potential to bring significant price changes into the market. I'm eager to see and a bit optimistic here about Bitget's prediction for the upcoming bull season which seems pretty reliable from my perspective.
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