Days before the 2024 Bitcoin halving**, one of the most important developments in the Crypto money market BTC witnessed significant price fluctuations. The fluctuations in the daily price of Bitcoin indicate that the asset faces significant risks. Analysts' forecasts for the cryptocurrency, which fell to $62,000 in the first trading hours of the day and gave dangerous signals below the resistance point, also changed. However, the Ark Invest analyst, who made a statement about the expected effect of the halving, made important warnings about the halving.

Analyst Chris Burniske warns about Bitcoin halving!

@cburniske, one of Ark Invest's popular analysts, revealed the historical charts of the halving and stated that the halving is not as simple as it is perceived with the fall model. The analyst usually divided the post-halving period into a period of rise followed by calming down.

He showed the current position of BTC by taking the graph in which he showed four different periods. He referred to this position as "lettuce hands" and described quick sales. At the end of this process, where growth slows down and Bitcoin supply will decrease, it is thought that those who do not sell will make gains.

Bitcoin price predictions are changing!

leading digital asset, which has been fall since April 12, has lost 10 percent in the last 1 week due to the decrease in confidence in risky assets after the global Iran-Israel tension, as well as the general fall trend. After a short-term recovery trend, it fell from $71,000 to $62.8,000. Moreover, the probability of the Fed interest rate falling seems to have pushed the BTC down further.

However, well-known crypto analysts changed their BTC price predictions before the halving, addressing the levels that could be encountered in a critical support level drop below $62K. In his latest post, famous market analyst Ali Martinez stated that BTC may be in a more difficult situation if the asset falls below the critical support, and that the next resistance zone may be $51,500. On the other hand, it points to the $66,250 level in case of a rebound.

BTC price 2024 Bitcoin halvinge remains uncertain days away. Looking at its performance in the last 24 hours, the asset, which visited the level of 64.24, fell back to $62K and is trading at $62.63 at the time of writing. Trading volume is down 21%, indicating a loss of investor interest. In addition, according to the CryptoQuant report, it was announced that Bitcoin withdrawals on exchanges reached record levels.

Finally, for investors who want to learn more about the cryptocurrency market and conduct their own analysis, the 99Bitcoins platform is recommended as one of the high-potential crypto projects. This project, which allows you to earn as you learn, offers access to crypto courses on many different topics with its L2E model. At the time of writing, the token is in pre-sale stages at $0.00101.

Visit 99Bitcoins

The information in the content of the article is for informational purposes only. It does not constitute any investment advice. The author and kriptoparahaber.com are not responsible for your profit or loss arising from the investments you make. Investment is ultimately based on many foundations such as knowledge, experience, research and personal decisions.