Coinbase: Bitcoin Will Strengthen After Halving

According to analysts from Coinbase, the position of Bitcoin is expected to experience significant changes in April, driven by the upcoming halving event.

By the end of the month, the rewards for miners will be reduced from 6.25 BTC to 3.125 BTC. Despite BTC reaching an all-time high before the halving, Coinbase’s study suggests that the cryptocurrency may still reach new highs after the event.

Unlike other experts who predict a drop in BTC price following the halving, Coinbase argues that the digital currency will see an increase in buying activity. They also note a decline in investment in Bitcoin on the spot ETF market in recent days.

While BTC has remained above $66,000, there may be increased pressure for it to drop below $60,000 after the halving. However, Coinbase analysts predict that buyers will become more active after the miners’ reward is reduced and BTC may not only return to its March peak of $73,800, but also surpass it.