The rise in Bitcoin's value since the start of 2024 has been monumental. This has led to investors harboring the possibility of Bitcoin reaching the $80,000 price mark. This article analyzes the feasibility of the top crypto coin reaching such a lofty milestone.
Meanwhile, Pullix (PLX) is emerging as a major player in the crypto industry through the introduction of its hybrid exchange platform, where traders can perform high-end trading activities on an immersive interface. More details below.
Is it Possible to See Bitcoin (BTC) Trade Above the $80,000 Price Mark Before the Next Halving Event?
The first quarter of the year has seen Bitcoin (BTC) break its all-time price peak that had been standing since 2021. Currently, the top crypto coin has set a new price record, which stands at $73,750. Despite the ongoing crypto market retracement, Bitcoin has grown by over 50% within its first quarter.
The second quarter of 2024 could see the token witness massive growth in view of the halving event that will happen in April. The big question remains if Bitcoin price will reach the $80,000 mark before the halving event occurs. At the current trajectory, it doesn't look like a possibility. For context, Bitcoin has lost significant bullish steam as evidenced by the 9% loss in value over the last week.
Also, Bitcoin's price recorded no significant growth within the last month. The decline in the BTC bullish momentum may be contrary to experts' predictions of a pre-halving rally. With the halving event estimated to happen on the 15th of April, Bitcoin investors can hope to see the token regain support above the $70,000 before the event.
Beyond the halving event, Bitcoin is likely to trigger an extended bullish run similar to the one it experienced in Q1. This run may see Bitcoin climb above the $80,000 then.
Why Pullix (PLX) is the Next Rated Hybrid Exchange on the Blockchain
Pullix (PLX) is unleashing a futuristic exchange platform where the best features of DeFi and CeFi exchanges are merged to create the ultimate trading exchange in the blockchain. The unique features of Pullix open up the global trading ecosystem, thereby giving traders the opportunity to trade multiple popular coins as well as trade forex, commodities, and indices.
Basically, Pullix is the go-to decentralized exchange platform for seamless trading on a secure system. Newly registered members on the Pullix platform will be receiving a 25% bonus on their first deposit. Meanwhile, Pullix doesn't require any KYC verification before one can register. As such, this enhances privacy, time efficiency, and accessibility on the platform.
The PLX native token of the Pullix network is also garnering interest from experts and investors alike, having shown massive growth potential currently and during its presale phase. Notably, the PLX token has been listed on Uniswap, MEXC, XT.COM and BitMart CEX exchanges. Also, the token's market data are available on CoinGecko and CoinMarketCap.
Overall, with Pullix's outstanding features and potential, the top crypto project is gradually but surely establishing itself in the consciousness of the blockchain industry. Investors can leverage the growing potential of Pullix to invest in the PLX token and also trade on the Pullix exchange.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the viewsof Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
