Name Price24H (%)
Bitcoin (BTC)
$17,140.71
1.78%
Ethereum (ETH)
$515.77
0.95%
XRP (XRP)
$0.56
4.71%
Litecoin (LTC)
$70.05
3.25%
Why Analysts Expect Upside After Bitcoin Surged to $8,750 Fo...
Bitcoin, News

Why Analysts Expect Upside After Bitcoin Surged to $8,750 Following Halving



After falling as low as $8,100 just an hour or two out from the halving, Bitcoin has shot back towards the daily highs. In the 30 minutes since the block reward halving came to pass, the cryptocurrency surged from $8,400 to a high of $8,825 — a bout of growth that amounts to 5%.Bitcoin price chartBitcoin price chart from TradingView.comWith the halving having come to pass, analysts are divided over what comes next for the cryptocurrency market.Bitcoin Volatility Is Likely to EnsueThe most common sentiment is that Bitcoin will be subject to intense volatility over the next three weeks.In a comment made on a Bitcoin halving livestream hosted by Tone Vays — a former vice president at J.P. Morgan — prominent Bitcoin investor “PlanB” argued that he doesn’t expect an immediate rally after the halving transpires.Source: NewsBTC.com

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