Crypto Expert Predicts 30% Bitcoin Plunge Ahead of Halving Event
April 17, 2024Cryptocurrency expert Cold Blooded Shiller predicts a 30% drop in Bitcoin value to $51,000 amid market instability.
Bitcoin's recent 7% decline to $63,170 is linked to geopolitical unrest, the impending Bitcoin Halving on April 19, and macroeconomic concerns.
Historical trends suggest Bitcoin's price could see substantial changes following the Halving event.
Altcoins such as Ethereum, Solana, and Binance Coin may see price surges due to the halving, presenting lucrative investment opportunities.
The current market consolidation phase offers a chance for investors to potentially profit from rising altcoin values.
Summary based on 183 sources
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Sources
Forbes • Apr 17, 2024
Bitcoin Prices Just Dropped To Their Lowest Since FebruaryForbes • Apr 17, 2024
Bitcoin Halving: Here’s Why Some Expect Prices To SoarForbes • Apr 17, 2024
Goldman Sachs Issues Stark Bitcoin Halving Price WarningTime • Apr 17, 2024
What's the Deal With the Bitcoin Halving?