Bitcoin price doubles YTD, eyes $35,000 as cryptocurrency market prepares for BTC halving

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Bitcoin (BTC) price is already eyeing the $35,000 level after doubling its value year to date. With more gains in sight, it remains unclear what exact

Bitcoin price has doubled its value year to date, rising 110 percent from the December 31 close of $16,542. BTC holds above the market’s midrange, measured from the yearly low to the yearly high of $35,184. Bitcoin halving is slated for April 2024 and is expected to kick-start next bull cycle. ly is driving the market since spot BTC exchange-traded funds remains at bay. One possibility is that traders already have their eye on the next Bitcoin halving next April.

anchor Joe Kernen says prepare for the halving. The halving is coming. #Bitcoin pic.twitter.com/Eyq6hdTmUF — Bitcoin Magazine October 25, 2023 According to analysts like Michaël van de Poppe, now is the best time to invest in altcoins, with venture capitalists already itching to get the funding going. The #Altcoins are breaking out left and right. The bull market is here. It's crucial for altcoins to start moving in this period, as we're in the worst period of the cycle.

 

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