Bitcoin's Pre-Halving Rally Signals $120,000 Price Target by 2024
The pre-halving rally for Bitcoin may be approaching, with predictions ranging from $50,000 to $120,000. However, the increase in mining difficulty and the uncertainty of a spot Bitcoin ETF approval may impact the rally. Analysts suggest avoiding FOMO and waiting for entry points, while also considering the re-accumulation at $30,000 as a potential reference point. The potential approval of a spot Bitcoin ETF could lead to significant inflows and further price increases.