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