Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

The Shibuya streaming platform from PPLEPPLEASR is back with 5 epic short films

2025-05-14

Republican senators call on Treasury to illuminate crypto tax laws to play with foreign companies at the level of ‘level’

2025-05-14

Will Ethena [ENA] Break the $ 0.60 ceiling afterwards? 3 signs say yes

2025-05-14
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Co-founder of Solana Anatoly proposes a Metablokchain concept

    2025-05-14

    Layer-2 Blockchain explosion ends safe integration on the risks of third parties risks

    2025-05-14

    Codexfield bundles forces with LoveBit to stimulate ESG Innovation in Web3 & Crypto

    2025-05-14

    SFT protocol joins Glacier Labs to bridge physical and data infrastructure

    2025-05-14

    Dantewada secures more than 700,000 land records on avalanche blockchain

    2025-05-14
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Republican senators call on Treasury to illuminate crypto tax laws to play with foreign companies at the level of ‘level’

    2025-05-14

    Former leader for CFTC chair role resigns to Leiden Blockchain Association

    2025-05-14

    Dubai Government announces a partnership with Crypto.com to accept payments in digital assets

    2025-05-14

    American legislators warn Treasury about taxing the non -realized crypto wins of American companies

    2025-05-13

    Fed Council Warns Stablecoins can pose a risk for bank deposits and credit capacity

    2025-05-13
  • Analysis

    $ 36 is in the cards as a period of 3 months becomes bullish?

    2025-05-14

    Low Cap Nasdaq-Gentered Company reveals $ 300,000,000 fundraising plan to acquire crypto, including the Trump token of the president: report

    2025-05-14

    Why $ 2.69 contains the key

    2025-05-14

    According to analyst Jason Pizzino, it will be time to be careful to carefully turn to cryptomarkets

    2025-05-14

    XRP sees renewed trading activity while the market absorbs sales pressure

    2025-05-14
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Analyst predicts a peak of $100,000 before the halving
Bitcoin

Analyst predicts a peak of $100,000 before the halving

2024-02-11No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Crypto analyst Adam Back believes there is a chance Bitcoin (BTC) will reach the $100,000 price mark ahead of the April halving. This prediction comes as Bitcoin continues its recovery after a rather bearish January. Data from price tracking site CoinMarketCap shows that the price of BTC has risen 11.02% over the past week, reaching the $47,000 zone.

Double bull cycle? Analysts predict Bitcoin Bull Run pre-halving

In a message on X on February 10, Adam Back shared a Bitcoin price prediction in which he predicted that the digital asset would reach a new all-time high (ATH) price before the highly anticipated halving on April 12, 2023. Back based his projections on Bitcoin’s historical price data and stated that as on Friday, BTC crossed the $47,000 mark on October 1, 2021, in what would be a 41-day journey to the current ATH of $69,045.

October 1, 2021 #bitcoin passed $47k just like yesterday and then headed for the $69k ATH. that run lasted 41 days. There are still 70 days until the halving. just a new data point for what it looks like, and how we can get another new ATH or even $100,000 before the halving. pic.twitter.com/jmtQIHcenR

— Adam Back (@adam3us) February 10, 2024

The analyst explained that he expects BTC to continue its current upward trajectory and begin a bull run to potentially reach a new ATH within the next 70 days, ahead of Bitcoin’s halving. Back’s price prediction seems somewhat unique, as historically the Bitcoin bull run usually occurs months after the halving.

However, the crypto analyst explains in subsequent responses to certain X users that he expects the recent launch of the Bitcoin spot ETFs to trigger a bull run before the halving. After a rather rocky launch, the Bitcoin spot ETF market appears to have finally found its expected rhythm, with consistent positive net inflows over the past week.

See also  Michaël van de Poppe predicts rapid rose and rally for altcoins, says larger investors who draw Bitcoin

Particularly on Friday the nascent ETF market experienced a total net inflow of $541.5 million, second only to the $655.3 million recorded during the first trading session on January 11. Additionally, Grayscale’s GBTC continues to see a consistent decline in outflows, hitting a new low of $51.8 million.

Adam Back predicts that consistent development of the Bitcoin spot ETF market in the coming weeks could trigger a bull run before the halving, potentially pushing the asset to the $100,000 price point. Moreover, the analyst supports Bitcoin still repeating its bull run months after the halving, painting a double bull cycle.

BTC price overview

At the time of writing, Bitcoin is trading at $47,716, reflecting a 0.88% increase over the past day. However, the token’s daily trading volume has fallen by a whopping 59.68% and is valued at $15.92 billion. Meanwhile, BTC continues to dominate the crypto market with the largest asset market cap at $936.17 billion.

BitcoinBTC trading at $47,668 on the daily chart | Source: BTCUSDT chart on Tradingview.com

Featured image from Forbes, chart from TradingView

Disclaimer: The article is for educational purposes only. It does not represent NewsBTC’s views on buying, selling or holding investments and of course investing involves risks. You are advised to conduct your own research before making any investment decisions. Use the information on this website entirely at your own risk.



Source link

Analyst Halving Peak Predicts
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Whale Inflowt 40% – Can this group push BTC more than $ 103k?

2025-05-14

Bitcoin can hit $ 135k in 100 days, says analyst who looks at Vix Drop

2025-05-14

According to analyst Jason Pizzino, it will be time to be careful to carefully turn to cryptomarkets

2025-05-14

Bitcoin Whale moves $ 206 million because BTC holds above $ 100k

2025-05-14
Add A Comment

Comments are closed.

Top Posts

President Bukele abolishes all taxes on technical innovations

2023-05-07

SEC officials instructed to reduce cryptocurrency enforcement team: report

2025-02-06

Gensler slams crypto exchanges for unsavory practices, says spot Ethereum ETFs ‘will take some time’

2024-06-05
Editors Picks

Bitcoin can cross $ 100k in 2025, but that is just the beginning – analysts

2025-04-18

Bitcoin ETF creates records, from Hong Kong to Australia, while BTC rises 4%

2024-07-15

Bitcoin: Whales withdraw 110k BTC – a prelude to a new ATH?

2025-05-11

LimeWire continues Web3 journey with ‘creator studio’ on Polygon

2023-08-29

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

The Shibuya streaming platform from PPLEPPLEASR is back with 5 epic short films

Republican senators call on Treasury to illuminate crypto tax laws to play with foreign companies at the level of ‘level’

Will Ethena [ENA] Break the $ 0.60 ceiling afterwards? 3 signs say yes

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,671.67-0.30%
  • ethereumEthereum(ETH)$2,625.46-3.05%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.56-1.24%
  • solanaSolana(SOL)$177.55-3.79%
  • binancecoinBNB(BNB)$653.13-1.49%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.234344-2.87%
  • cardanoCardano(ADA)$0.80-3.31%
  • tronTRON(TRX)$0.2740800.71%
  • suiSui(SUI)$3.92-3.08%
  • chainlinkChainlink(LINK)$17.06-2.46%
  • avalanche-2Avalanche(AVAX)$24.93-4.35%
  • stellarStellar(XLM)$0.306049-3.10%
  • shiba-inuShiba Inu(SHIB)$0.000016-4.07%
  • hedera-hashgraphHedera(HBAR)$0.206702-4.13%
  • hyperliquidHyperliquid(HYPE)$25.45-1.67%
  • unus-sed-leoUNUS SED LEO(LEO)$8.881.99%
  • the-open-networkToncoin(TON)$3.27-5.62%
  • bitcoin-cashBitcoin Cash(BCH)$403.48-2.35%
  • polkadotPolkadot(DOT)$4.99-5.10%
  • litecoinLitecoin(LTC)$101.14-2.85%
  • piPi(PI)$0.89-31.14%
  • moneroMonero(XMR)$341.84-0.14%
  • pepePepe(PEPE)$0.000014-4.06%
  • bitget-tokenBitget Token(BGB)$4.77-1.00%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$6.72-5.83%
  • bittensorBittensor(TAO)$459.53-0.45%
  • nearNEAR Protocol(NEAR)$3.08-5.80%
  • aptosAptos(APT)$5.81-5.85%
  • aaveAave(AAVE)$231.18-2.98%
  • okbOKB(OKB)$54.61-0.07%
  • ondo-financeOndo(ONDO)$1.02-2.69%
  • kaspaKaspa(KAS)$0.121201-1.46%
  • ethereum-classicEthereum Classic(ETC)$19.96-4.80%
  • internet-computerInternet Computer(ICP)$5.67-4.90%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.51-1.69%
  • crypto-com-chainCronos(CRO)$0.101518-1.81%
  • gatechain-tokenGateToken(GT)$21.83-0.50%
  • mantleMantle(MNT)$0.79-3.23%
  • render-tokenRender(RENDER)$5.10-4.38%
  • vechainVeChain(VET)$0.030557-6.67%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.250526-4.94%
  • ethenaEthena(ENA)$0.411571-9.24%
  • usd1World Liberty Financial USD(USD1)$1.00-0.07%
  • algorandAlgorand(ALGO)$0.237904-4.96%
  • filecoinFilecoin(FIL)$3.06-6.75%
  • arbitrumArbitrum(ARB)$0.429151-6.79%
  • bitcoinBitcoin(BTC)$103,671.67-0.30%
  • ethereumEthereum(ETH)$2,625.46-3.05%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.56-1.24%
  • solanaSolana(SOL)$177.55-3.79%
  • binancecoinBNB(BNB)$653.13-1.49%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.234344-2.87%
  • cardanoCardano(ADA)$0.80-3.31%
  • tronTRON(TRX)$0.2740800.71%
  • suiSui(SUI)$3.92-3.08%
  • chainlinkChainlink(LINK)$17.06-2.46%
  • avalanche-2Avalanche(AVAX)$24.93-4.35%
  • stellarStellar(XLM)$0.306049-3.10%
  • shiba-inuShiba Inu(SHIB)$0.000016-4.07%
  • hedera-hashgraphHedera(HBAR)$0.206702-4.13%
  • hyperliquidHyperliquid(HYPE)$25.45-1.67%
  • unus-sed-leoUNUS SED LEO(LEO)$8.881.99%
  • the-open-networkToncoin(TON)$3.27-5.62%
  • bitcoin-cashBitcoin Cash(BCH)$403.48-2.35%
  • polkadotPolkadot(DOT)$4.99-5.10%
  • litecoinLitecoin(LTC)$101.14-2.85%
  • piPi(PI)$0.89-31.14%
  • moneroMonero(XMR)$341.84-0.14%
  • pepePepe(PEPE)$0.000014-4.06%
  • bitget-tokenBitget Token(BGB)$4.77-1.00%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$6.72-5.83%
  • bittensorBittensor(TAO)$459.53-0.45%
  • nearNEAR Protocol(NEAR)$3.08-5.80%
  • aptosAptos(APT)$5.81-5.85%
  • aaveAave(AAVE)$231.18-2.98%
  • okbOKB(OKB)$54.61-0.07%
  • ondo-financeOndo(ONDO)$1.02-2.69%
  • kaspaKaspa(KAS)$0.121201-1.46%
  • ethereum-classicEthereum Classic(ETC)$19.96-4.80%
  • internet-computerInternet Computer(ICP)$5.67-4.90%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.51-1.69%
  • crypto-com-chainCronos(CRO)$0.101518-1.81%
  • gatechain-tokenGateToken(GT)$21.83-0.50%
  • mantleMantle(MNT)$0.79-3.23%
  • render-tokenRender(RENDER)$5.10-4.38%
  • vechainVeChain(VET)$0.030557-6.67%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.250526-4.94%
  • ethenaEthena(ENA)$0.411571-9.24%
  • usd1World Liberty Financial USD(USD1)$1.00-0.07%
  • algorandAlgorand(ALGO)$0.237904-4.96%
  • filecoinFilecoin(FIL)$3.06-6.75%
  • arbitrumArbitrum(ARB)$0.429151-6.79%