Bitcoin price could rise another 160% after the halving, hitting the $150,000 mark, according to analysts.
With only 10 days left until the much-awaited halving, Bitcoin is still trading above the $70,000 psychological level, bolstering bullish long-term price predictions from market analysts.
Following the halving, Bitcoin (BTC) price could appreciate over 160% to reach a cycle top of above $150,000, according to a research report by Bitfinex analysts shared with Cointelegraph.
Bitcoin fell 2.2% in the 24 hours leading up to 11:50 am UTC to trade at $70,694. The world’s first cryptocurrency is up over 7.5% on the weekly chart, according to CoinMarketCap data.
