With Bitcoin ripping higher and closing in on breaking all-time highs, one analyst on X thinks $150,000 post-halving is “programmed.” The analyst remains upbeat in a post, highlighting several fundamental developments that could drive the world’s most valuable coin to new valuation and more than 2X from spot rates. Currently, the path of least resistance remains northward. Buyers have shaken off the bears of the past trading month, finding anchor from the March 20 bull bar. On April 8, the coin soared above the key liquidation level at around $71,800. Bitcoin has since cooled off, but the leg up remains, and it may form the basis of another breakout above $74,000. For bulls to be firmly in control and align with the analyst’s outlook, there should be a follow-through of the April 8 surge, ideally with rising trading volumes. This could catalyze demand, even placing Bitcoin above $74,000 and fresh 2024 highs before the highly anticipated Halving event. Eyes On Bitcoin Halving: A Supply Squeeze In The Making? As the analyst explains, the “Halving” event is a crucial catalyst for this potential surge. ..
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