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February 13, 2024

Bitcoin's Price Nears $50K with Bullish Momentum and Halving Event

Natasha Fernandez
Written byNatasha FernandezWriter
Researched byNikos PapadopoulosResearcher

Bitcoin (BTC) to hit $50K after bullish weekly divergence, says top analyst

Bitcoin's price continues to inch closer to the $50,000 mark, being pushed higher by a bullish weekly divergence. According to top crypto analyst Michaƫl van de Poppe, the recent break above the $48,000 level indicates an upward trajectory for Bitcoin. The analyst is curious to see how the price will behave around the $50,000 mark in the next 1-2 weeks, highlighting it as a critical resistance level. The upcoming Bitcoin halving event in April adds to the excitement, as historical data suggests bullish surges following halving occasions. Van de Poppe predicts a target of $50,000 for Bitcoin, attributing it to the impact of the halving event.

Bitcoin's Price Nears $50K with Bullish Momentum and Halving Event

Dogecoin (DOGE) no longer top 10 coin

In a surprising turn of events, Dogecoin (DOGE) has dropped out of the top 10 cryptocurrencies by market capitalization. Chainlink (LINK) has taken its place, surpassing DOGE by approximately $71 million in market cap. This shift in positions among the top 10 cryptocurrencies highlights the volatile nature of the market. Dogecoin has previously been pushed out of the top 10 group, but has managed to regain its position, demonstrating the cyclical nature of its popularity among investors.

Is Satoshi Nakamoto alive? VanEck and Tether's Gabor Gurbacs opine

The question of whether Satoshi Nakamoto, the mysterious creator of Bitcoin, is alive continues to intrigue. VanEck and Tether's Gabor Gurbacs have shared their opinions on the matter, adding to the ongoing speculation surrounding Nakamoto's existence. While the answer remains unknown, the curiosity surrounding Nakamoto's identity and whereabouts persists.

About the author
Natasha Fernandez
Natasha Fernandez
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Natasha "CryptoQueen" Fernandez bridges the gap between blockchain buzz and casino charisma. From New Zealand's serene landscapes to the volatile world of crypto, she's making waves in the online gaming sphere. With CryptoCasinoRank, she paints a future where chips meet chains seamlessly.

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