Bitcoin’s Price Nears $50,000 as Analysts Predict Bullish Trend
Bitcoin is rapidly approaching the $50,000 mark, thanks to a bullish weekly divergence. Michaël van de Poppe, a leading crypto analyst, has highlighted this upward movement and points to Bitcoin’s breakthrough above the $48,000 level. This significant jump comes as van de Poppe predicts a $50,000 price target for Bitcoin, attributing it to the upcoming halving event. Historical data suggests that halving events have typically resulted in price increases.
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