On April 20, 2024, the fourth halving took place on the Bitcoin network. Against the backdrop of the event, members of the crypto community shared their forecasts and outlined goals for BTC. The VR Soldier team will tell you what predictions for Bitcoin against the backdrop of halving are given by members of the crypto community and how the cryptocurrency responded to the halving of the mining speed.
How Bitcoin Reacted to the Halving?
The cryptocurrency, contrary to a number of negative forecasts , did not enter a correction after the halving. As of the time of writing, BTC is trading higher than on the halving day.
Most of all, participants in the crypto community were surprised by the commissions for transactions in the Bitcoin network. Amid the halving, the cost of transactions with BTC rose to a record $128. As a result, miners’ income reached a record $107 million on April 20, 2024. As of the time of writing, commissions dropped to $34.
Moreover, members of the crypto community, meanwhile, are trying to predict whether the promised BTC correction is worth waiting for.
BTC Forecast: Crypto Community Price Prediction
Trader Doctor Profit believes that BTC may spend some more time in a sideways movement, followed by a rise to $84 thousand. Judging by the chart he published, his Bitcoin forecast implies a positive movement in May.
On 14-15th March I told you that a reversal will start for #Bitcoin and instead of up only we will start to see a correction to 60k that happened exactly as predicted
Now we move in a sideway range between 72-60k
After this sideway move we go to 84k next pic.twitter.com/RK5iovOVUa
— Doctor Profit 🇨🇭 (@DrProfitCrypto) April 20, 2024
Trader Mister Crypto joined the optimists . In his opinion, a pattern has formed on the BTC chart, which indicates the likelihood of Bitcoin rising to $117 thousand by the beginning of summer. His opinion was shared by analyst Captain Faibik. He is waiting for Bitcoin at $100 thousand in May 2024. Meanwhile, Trader Bluntz also gave a positive forecast for Bitcoin. He expects BTC to reach its absolute maximum value within 1-2 weeks. He outlined the expected trajectory of the cryptocurrency exchange rate on the chart.
Crypto enthusiast Mark Cullen gave an alternative forecast for the Bitcoin price. He believes that investors may only see new BTC highs in the fall. When making the forecast, he used the trajectory of Bitcoin in 2023. Its superimposition on the realities of 2024 does not exclude the descent of BTC to $50 thousand.
Some members of the crypto community also support negative scenarios for the movement of BTC in the near future. For example, trader Nebraskangooner warned about the risks of BTC falling to $58 thousand.
