Bitget conducted a study on the impact of Bitcoin Halving in 2024

in LeoFinance2 months ago

Bullish projections for Bitcoin price action continue, specifically these lines will be dedicated to the considerations that Bitget has launched by projecting that upcoming Bitcoin halving will have a positive impact on investment decisions.

Namely and according to information disclosed by Rodrigo Di Paula Ambrissi, the study that Bitget developed "included several participants from the following regions: Western Europe, Eastern Europe, Southeast Asia, East Asia, Middle East, North Africa and Latin America, with a total of 9,748 people."

It has been noted in Ambrissi's article that, "Bitcoin price predictions during halving (which will take place around April 2024) present a different picture. While many investors around the world predict a range between $30,000 and $60,000, about 30% of respondents expect the price to exceed $60,000, with greater optimism in markets such as Latin America."

In this regard, according to Bitget's projections, "investors strongly believe that Bitcoin will surpass its all-time high in the next bull run; even the most cautious regions have demonstrated substantial optimism regarding the future of cryptocurrencies."

A key insight within Bitget's study, "When it comes to predictions of the all-time high of the next bull market, the majority (55%) predict the Bitcoin price will stabilize between $50,000 and $100,000, while a smaller but significant segment is more optimistic and thinks the price will surpass $150,000 USD"

SOURCES CONSULTED

Cointelegraph. Traders forecast new high for BTC in next bull run, study shows. Link

OBSERVATION:

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