Titan of Crypto recently suggested that Bitcoin (BTC) could reach a maximum of $50,000 prior to its halving, and the cryptocurrency is now nearing a Fibonacci retracement level which could mark the top of its pre-halving rally.
This has led to an increased interest in the differences between web 1.0, 2.0 and 3.0, and whether the metaverse is part of web 3.0. People are also asking how to update webos 2.0 to 3.0 and how to invest in web 3.0.
Trader: $39,000 is pre-halving BTC price target range floor
Bitcoin has been struggling to break the $40,000 mark, with multiple attempts to do so failing in the past week.
As Cointelegraph reported, this area is also significant for the overall market profitability, with $39,000 supposedly the break-even point for those who invested during the 2021 bull market.
Titan of Crypto has also flagged $39,000 as an important boundary — this time, as the lower limit of the BTC/USD rate prior to the April 2024 block subsidy halving event.
“The pre halving rally I told you about one year ago is about to reach its target zone between $39k-$50k,” he told X subscribers, adding that “patience is key.”
This update referred to an original post from December 2022, when Bitcoin was still trying to recover from its two-year lows of $15,600.
Back then, Titan of Crypto used Fibonacci retracement levels to predict a pre-halving peak of up to $50,000 — a 220% increase from the current level.
“Each cycle BTC had a rally before its halving occurs. Those rallies topped within the 61.8%-78.6% fibonacci retracement area,” part of the commentary said at the time.
Consensus grows on Bitcoin heading higher
Other BTC price predictions give similar targets before the halving.
Filbfilb, co-founder of trading suite DecenTrader, continues to give an area around $46,000 as “likely,” despite not discounting the probability of a BTC price dip between now and then.
What might happen after the halving, however, is a more bullish question for many, with forecasts including $130,000 or more by the end of 2025.
To the immediate downside, meanwhile, $30,900 has entered as a floor for Bitcoin’s next potential correction. A move lower to test liquidity, some argue, would be healthy, as well as a classic part of Bitcoin market uptrends.
BTC/USD currently trades at $36,500, per data from Cointelegraph Markets Pro and TradingView, having tracked sideways throughout the weekend.
In order to understand the difference between web 1.0, web 2.0 and web 3.0, one should look at the features of each. Web 1.0 was a static, read-only platform with limited user interaction. Web 2.0 added interactive features, such as user-generated content, social networking, and e-commerce capabilities. Web 3.0, also known as the metaverse, is an immersive, virtual world with enhanced capabilities for users to interact with each other. It is possible to invest in web 3.0 by purchasing tokens or coins from platforms that offer them.
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