Spot Bitcoin ETFs approved in the US in the first weeks of the new year brought enthusiasm to the market. The ancestor of cryptocurrencies broke the all-time record in the first quarter of 2024. In the cryptocurrency market, which moved up and down after the rise, Bitcoin halving is now on the agenda.

The halving, which will halve the reward per block from BTC network operation, will undoubtedly affect the entire sector, especially miners. Hours before the halving, we have compiled Bitcoin comments from four different analysts.

Van de Poppe expects a rebound in Bitcoin

With over 700 thousand followers, analyst Michael van de Poppe, who shares his technical analysis of Bitcoin, expects some recovery.

Poppe, who shared an image in a statement on his X account, stated that the BTC price will jump from $ 61,400 and relax a little. The famous analyst said the following words for the excitement around halving:

“Excitement for Bitcoin is slowly waning as the halving approaches and narratives will change.”

According to the chart shared by Poppe, it is important for the price to remain above $71,300 for new records.

Retired phenomenon speaks one year later

Sana GCR, the famous cryptocurrency influencer, gave important advice for investors. Speaking about Bitcoin and other high-potential crypto assets, Sana GCR suggested strategies based on different market conditions.

Retired phenomenon, “if you are feeling left behind in the market, this is the right time to capitalize by investing in tokens that are expected to have high potential” in his view.

GCR emphasized that these opportunities could be ideal for investors who can see long-term value in the market.

He urged crypto investors who are fully invested and holding their positions to “survive”, i.e. to be patient and not give in to market volatility by protecting their existing investments. The GCR recalled a historical commentary on market plunges and liquidations, stating that they are often a “forced wealth transfer” from leveraged traders to more cautious investors.

The famous influencer said that he is enjoying retirement away from social media, but the market still looks bright and he does not want investors to face difficulties.

Watch out for this on-chain data in Bitcoin

Cryptocurrency analyst Ali Martinez shared a valuable observation for Bitcoin traders. Using the MVRV momentum indicator, Martinez assessed market conditions and made recommendations for investors.

According to Martinez, when Bitcoin’s MVRV ratio falls below the 90-day average, it often presents a good buying opportunity for investors. The MVRV indicator tracks the ratio between an asset’s market capitalization and its realized value, and when this ratio falls below the average, it indicates that the asset is undervalued and it may be a good time to buy.

After the recent market correction, Bitcoin’s MVRV ratio has again fallen below the 90-day average. Martinez notes that this makes now a good time to invest, even if Bitcoin declines further. This observation may allow investors to use economic data to make more informed decisions.

Rekt Capital splits the halving process into three

Cryptocurrency analyst Rekt Capital detailed the three stages of the Bitcoin halving.

1. Final Withdrawal before Halving: According to Rekt Capital, Bitcoin usually experiences significant corrections a few weeks before the Halving. For example, in March, the price of Bitcoin fell by 18% before rebounding to around $70,000 and then falling by another 18% in mid-April. Such pullbacks were also observed in the 2016 and 2020 halvings, and these periods are often seen as buying opportunities for investors.

2. Redeposition: This process starts before the halving and continues for a few more weeks after the halving. During this phase, Bitcoin exhibits a sideways movement, consolidating its low price range. This process can often last anywhere from a few weeks to five months and can cause investors to experience impatience and frustration.

3. Parabolic Upward Trend: After the reaccumulation phase, Bitcoin usually enters a parabolic uptrend. This process has historically lasted around 385 days, but as Rekt Capital notes, it is estimated that it could be shorter in the current market cycle.

This information provides investors with a better understanding of the Bitcoin halving process and ideas on how to act strategically during these periods. Rekt Capital’s analysis is a valuable guide for investors looking to understand and capitalize on the volatility of the cryptocurrency market.