Bitcoin Price Prediction as ‘Halving’ Countdown Begins – Will BTC Blast Up?

Arslan Butt
Last updated: | 4 min read
Bitcoin Price Prediction
Bitcoin Price Prediction

As the ‘halving’ event nears, Bitcoin price predictions become increasingly significant, with the current value at $66,125 hinting at future trends.

The market’s technical indicators suggest a decisive phase ahead, with potential shifts in investor sentiment and market dynamics poised to influence Bitcoin’s trajectory.

El Salvador Unveils Open-Source Bitcoin Diploma to Boost Global Financial Literacy and Adoption


El Salvador’s “Mi Primer Bitcoin” initiative has launched a new Bitcoin Diploma program aimed at enhancing global financial literacy through open-source Bitcoin education.

Developed with the help of international Bitcoin experts, the curriculum is freely available on GitHub, covering essential Bitcoin topics.

This initiative aims to empower individuals by increasing their financial literacy in the digital age, fostering creativity and innovation.

Key Points:

  • El Salvador’s open-source Bitcoin curriculum aims to boost global financial literacy.
  • The program is free and accessible on GitHub, promoting wider Bitcoin adoption and understanding.
  • Enhanced Bitcoin knowledge could lead to increased demand and recognition of the cryptocurrency.

Upbit Trading Volume Dips After Record High


Upbit, a leading South Korean crypto exchange, experienced a significant drop in its 24-hour trading volume from $15 billion in March to $3.8 billion in early April.

This decline followed a record high in March, coinciding with Bitcoin’s peak and substantial investments in new U.S. spot Bitcoin ETFs.

The volume further decreased to $2.6 billion by the end of March. Factors like market trends and the “Kimchi Premium,” which affects Bitcoin prices in South Korea differently from international rates, may have contributed to this fluctuation.

Despite this, Upbit’s expansion efforts continue, as evidenced by obtaining a Major Payment Institution license in Singapore.

Key Points:

  • Upbit’s trading volume plummeted from March’s high to $3.8 billion in April.
  • Market fluctuations and the “Kimchi Premium” influenced the trading dynamics.
  • Upbit’s ongoing expansion, including a new license in Singapore, highlights its growth efforts.

Bitcoin Miners’ Earnings Soar to $2 Billion Pre-Halving, Signaling Robust Market Activity


In March, Bitcoin miners earned a record $2.01 billion, the highest in the network’s history, including $85.81 million from transaction fees.

This surge in earnings comes as the Bitcoin network’s hash rate reached an average of 606 exahash per second, with the hash price consistently above $100.

Foundry USA led in block mining, contributing to nearly 30% of the network’s total, followed by Antpool, Viabtc, F2pool, and Binance Pool.

This financial uptick signals robust miner activity and potential optimism for Bitcoin’s future, especially with the approaching halving event that could enhance BTC’s value due to increased scarcity.

Key Points:

  • Record $2.01 billion earnings for Bitcoin miners in March, signaling strong network activity.
  • Significant hash rate and hash price indicate profitable mining conditions.
  • The upcoming halving event may positively impact Bitcoin’s value and miner engagement.

Bitkub Plans $165 Million IPO in 2025, Boosting Thailand’s Crypto Market


Bitkub Capital Group, owner of Thailand’s Bitkub Online cryptocurrency exchange, plans a 2025 IPO, targeting a $165 million valuation. CEO Jirayut Srupsrisopa is preparing by hiring financial advisors and aiming to go public, amid growing competition, notably from Binance Thailand.

Despite generating 80% of its parent company’s revenue, Bitkub Online faces regulatory challenges, including a thwarted acquisition by Siam Commercial Bank and trade volume manipulation allegations.

This move reflects growing investor interest in cryptocurrencies, potentially boosting Bitcoin’s acceptance and market legitimacy.

Key Points:

  • Bitkub Capital targets a $165 million IPO in 2025 for its exchange, Bitkub Online.
  • Facing competition and regulatory challenges, yet remains a significant revenue generator.
  • IPO signals rising investor interest in the cryptocurrency market.

Bitcoin Price Prediction

On April 3, Bitcoin (BTC/USD) traded at $66,125, marking a 0.91% increase. The technical landscape suggests pivotal moments ahead.

The current pivot point is at $66,524, with resistance levels at $68,256, $69,903, and $71,600. On the downside, support is found at $64,496, $62,980, and $60,652.

Bitcoin Price Prediction
Bitcoin Price Prediction

The Relative Strength Index (RSI) stands at 38, indicating potential underpricing, while the 50-day Exponential Moving Average (EMA) at $68,407 hints at a bearish sentiment.

The overall trend appears bearish below the pivot of $66,524. However, surpassing this level could pivot towards a bullish outlook, highlighting the market’s fluctuating dynamics.

Unlock the Future of Gaming: Invest in 5thScape’s Revolutionary VR Platform Today

5thScape stands at the forefront of the virtual reality (VR) revolution, ushering in an era where the lines between digital and physical realms blur.

This pioneering platform is your gateway to unparalleled immersive gaming experiences, combining cutting-edge VR technology with the boundless imagination of its community.

This token unlocks exclusive access to premium VR content, enhancing your gaming experience and offering a unique way to engage with a growing digital economy.

  • Innovative Use of Cryptocurrency in VR: 5thScape leverages 5SCAPE Coin to facilitate secure, transparent transactions within its VR platform, redefining user engagement and investment in virtual worlds.
  • Expanding the Frontiers of Gaming: By offering a wide array of 3D VR games, from adventure to mystery, coupled with state-of-the-art VR headsets and ergonomic gaming chairs, 5thScape promises an unmatched gaming experience.
  • Empowering the Gaming Community: 5thScape is not just a platform; it’s a movement towards creating a dynamic, inclusive community where gamers can explore, interact, and grow together in immersive virtual landscapes.

Presale Now Live

The presale has already raised $2,773,607, with a target of $3,750,000. With the listing price projected at $0.01, reflecting a 303.23% increase from the presale price of $0.00248, the potential for growth and returns is substantial.

Whether you’re a seasoned gamer or new to the world of VR, 5thScape offers something for everyone. Don’t miss out on the opportunity to be at the forefront of the next big leap in gaming technology.

Get 5thScape Here