Bitcoin's halving is imminent (around 17 days from the time of writing).
Michael van de Poppe has a bearish outlook on Bitcoin with a break below $67,000 being the trigger for further decline.
PlanB's long-term outlook is bullish, with potential for $100,000 this year and even $500,000 next year.
CrediBULL Crypto sees a possible correction to $57,200 before the halving.
Robert Kiyosaki is bullish, with a prediction of $100,000 by September 2024.
Rekt Capital is also bullish, and sees Bitcoin in a "pre-acceleration" phase, potentially reaching $100k.
What will happen to Bitcoin's price before, after and during the halving?
There might be no real way to know this. However, we can work with what we DO know.
First of all, the halving is in less than a few weeks from now, according to CoinMarketCap (about 17 Days from now, at the time of writing).
The Bitcoin halving countdown
Secondly, we can scour the internet, in search of predictions from analysts who are way better at predicting these kinds of things.
To this end, we have taken the liberty of compiling outlooks from five of the top analysts on Twitter, talking about what they think will happen before, during and after the Bitcoin halving on 17 April.
Let’s jump right in.
This outlook is a lot less bullish than one would hope.
However, Michael van de Poppe hasn’t been mincing words in his tweets as of late.
In a tweet from 1 April, the analyst opined that the $67,000 support was a "crucial" one for Bitcoin and that investors should keep an eye out for a break below.
In essence, a break below $67,000 was set to result in a massive dump on the cryptocurrency as of 1 April.
According to data from CoinMarketCap, as of 2 April, Bitcoin currently trades at around $66,200—which is miles below this support.
Bitcoin’s price performance
In another tweet from 2 April, the analyst expanded on his previous tweet.
He emphasized that since Bitcoin eventually broke below $67,000, it has just confirmed the $73,000 from mid-March as its new all-time high—meaning that it may be time to abandon ship.
$67,000 lost for #Bitcoin
The analyst continued by saying that Bitcoin is set to consolidate now, and maybe continue upwards at a later date.
Pseudonymous crypto trader PlanB recently released a YouTube video on 1 April, showing his predictions for Bitcoin between 2024–2025.
The analyst cited similarities between historical and current price actions of Bitcoin, pointing out that Bitcoin's "first ever" all-time high "before" a halving might be a very positive sign.
The Outlook for Bitcoin
The expert specifically drew attention to the Bitcoin stock-to-flow model, which showed that Bitcoin is headed for some very bullish price action soon:
“I think it’s inevitable that we reach $100,000 this year, and even a lot higher than just that. We’re very close to that level now, and if the bull market is anything like we had seen in history then we will have a steep increase in price from here.”
Moreover, the analyst also opined that the next cycle top may not happen this year at all, as analysts have claimed in the past.
He says that we might see Bitcoin hit its new ATH next year and that the top will be much higher than $100k (likely as high as $500,000).
In a recent video uploaded on Twitter, analyst, CrediBULL crypto shared what he believes are the most likely scenarios for Bitcoin, before the halving.
Possible correction to $57,200
The analyst based his outlook on the Elliott Wave formation and opined that while Bitcoin remains bullish in the long term, a corrective move to between $62,150 and $57,200 is entirely possible.
Keep in mind that in an earlier tweet, another analyst, Ali also opined that around $30 billion in longs could face liquidation across the board if Bitcoin falls to $50,500.
This presents a massive liquidity well for the big players to gather enough fuel for the next leg up—and it wouldn't be surprising to see Bitcoin follow through.
Don’t let the bearishness fool you though.
The renowned investor and author of "Rich Dad Poor Dad," Robert Kiyosaki, declared in a recent tweet from March, that he was planning to buy more of the pioneer cryptocurrency before the halving hits.
In particular, Kiyosaki stated in a March 25 X post that he was planning on buying “10 more Bitcoin before April"
Why? Because he expects Bitcoin to reach $100,000 by September 2024.
Kiyosaki went further to say that:
“I am buying 10 more Bitcoin before April. Why? The “Having.”
If the Bitcoin process works as designed, you may own a whole Bitcoin by the end of this year. I expect Bitcoin to be $100k by September 2024.”
According to a reposted tweet from analyst Mags, dips often occur before halvings and are most often bear traps.
One final attempt to shake off the weak holders and make room for the price explosions that almost always follow halvings.
Rekt Capital as well in a recent tweet, shared a chart snapshot, showing Bitcoin in what he calls a "pre-acceleration phase"
Bitcoin is in a pre-acceleration phase
This means that the analyst is predicting volatility flashes on Bitcoin as the halving nears.
At the end of the day, everything that is going on with Bitcoin at this time is part of a "pre-acceleration" phase, that might likely take the cryptocurrency to around $100 as this commenter says.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.