{"id":13258,"date":"2023-09-16T14:30:09","date_gmt":"2023-09-16T14:30:09","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=13258"},"modified":"2023-09-16T14:30:10","modified_gmt":"2023-09-16T14:30:10","slug":"bitcoin-price-all-time-high-will-precede-2024-halving-new-prediction","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=13258","title":{"rendered":"Bitcoin price all-time high will precede 2024 halving \u2014 New prediction"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Bitcoin (BTC) has a $250,000 target for after its next block subsidy halving \u2014 but new all-time highs will come sooner.<\/p>\n<p>That is the latest BTC price prediction from BitQuant, the popular social media commentator who sees a rosy future for the largest cryptocurrency.<\/p>\n<h2>BitQuant: Pre-halving all-time high will not be BTC price top<\/h2>\n<p>In his latest post on X (formerly Twitter) on Sept. 15, the pseudonymous \u201ccentral banker and Bitcoiner\u201d revealed a pre-halving target above $69,000.<\/p>\n<p>\u201cNo, Bitcoin is not going to top before the halving,\u201d he wrote in part of commentary. <\/p>\n<p>\u201cYes, it\u2019s going to reach a new all-time high before the halving.\u201d<\/p>\n<p>Bitcoin has just over six months before the halving, the event that cuts miner rewards earned per block by 50% every four years. <\/p>\n<p>Analysts argue that the resulting emission restrictions have a cathartic impact on BTC price performance, acting as something of a springboard in advance of Bitcoin seeing new all-time highs.<\/p>\n<p>For BitQuant, however, that alone is not bullish enough. Not only will Bitcoin beat its current record, set in 2021, before next April \u2014 it will go on to hit $250,000 per coin after the next halving cycle begins.<\/p>\n<p>\u201cNo, BTC is not going to $160K because the magnitude of every pullback is large,\u201d he continued.<\/p>\n<p>\u201cThis means it will peak after the halving, in 2024. And yes, the target price is around $250K.\u201d<em>BTC\/USD annotated chart. Source: BitQuant\/X<\/em><\/p>\n<h2>Bitcoin traders diverge on halving price picks<\/h2>\n<p>As Cointelegraph reported, market participants are highly divided when it comes to how BTC price action will play out into the halving and beyond.<\/p>\n<p><strong><em>Related: Wen moon? Bitcoin halving cycle hints at Q4 as smart money \u2018buys the rumor\u2019<\/em><\/strong><\/p>\n<p>Some agree that higher levels are possible by April, but plenty of conservative voices remain. <\/p>\n<p>Last month, Bitcoin investor and author Jesse Myers dispelled any idea that BTC\/USD will be trading at six figures between now and then.<\/p>\n<p>In a subsequent interview with Cointelegraph, meanwhile, Filbfilb, co-founder of trading suite DecenTrader, gave a pre-halving BTC price ceiling of $46,000. <\/p>\n<p>\u201cAssuming no black swan event, around $35,000 by the end of the year and possibly as high as $46,000 some time pre-halving in Q1 2024,\u201d he said.<\/p>\n<p>Bitcoin traded at around $26,400 on Sept. 15, up 1.3% in September so far, per data from monitoring resource CoinGlass. <\/p>\n<p><em>BTC\/USD monthly returns chart (screenshot). Source: CoinGlass<\/em><\/p>\n<p class=\"post-content__disclaimer\">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.\n<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-prediction-all-time-high-precede-2024-halving\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) has a $250,000 target for after its next block subsidy halving \u2014 but new all-time highs will come sooner. That is the latest BTC price prediction from BitQuant, the popular social media commentator who sees a rosy future for the largest cryptocurrency. BitQuant: Pre-halving all-time high will not be BTC price top In [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-13258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/13258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13258"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/13258\/revisions"}],"predecessor-version":[{"id":13260,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/13258\/revisions\/13260"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/13259"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}