- Crypto Analyst Michaël predicts a Bitcoin bull run, potentially reaching $45k.
- Bitcoin’s current trading price is $26,565, a 1.07% increase in 24 hours.
- The cryptocurrency market capitalization has grown 1.02%, reaching $1.05 trillion.
Crypto Analyst Michaël recently indicated in a video that Bitcoin
Specifically, while citing past price movements, the analyst suggested that Bitcoin has the potential to surge to a value of $45k before next year’s halving. The halving event, which will result in a 50% reduction in miners’ rewards, holds substantial importance for the network.
Traditionally, the cryptocurrency market has consistently seen bull runs preceding and succeeding the market. Nonetheless, the current market situation has left investors questioning if this pattern will persist.
CoinMarketCap data indicates that Bitcoin is trading at $26,565, reflecting a 1.07% increase in the last 24 hours. The cryptocurrency has regained its weekly losses, demonstrating a 1.16% rise on the weekly price chart.
Crypto Michaël has also forecasted an imminent bull run for altcoins. In conjunction with the broader cryptocurrency market, leading altcoins have demonstrated positive results following a significant drop earlier in the week.
In the last 24 hours, Ethereum
In the last 24 hours, the cryptocurrency market capitalization has grown 1.02%, reaching $1.05 trillion. Conversely, trading volumes have experienced a decrease, with an 8% reduction recorded within the same timeframe.
