"Debunking the Bitcoin Halving Hype: Analysts' Insights"
Markus Thielen, co-founder of 10x Research, predicts that Bitcoin could drop to as low as $50,000 in the short term due to bearish signals and macroeconomic uncertainty, with the upcoming halving event on April 20th unlikely to drive prices up significantly. He attributes the recent slowdown in ETF flows and sell-off in crypto assets to the macro environment, particularly the inflation reports, and anticipates a consolidation period before a potential recovery towards the end of the year. Thielen cautions against assuming the halving will be a bullish event, emphasizing that previous post-halving cycles were driven by positive macro factors rather than the halving itself.
