Bitcoin exchange rate breaks $ 10,000 before halving, eToro analysts

The bitcoin rate must exceed $10,000 even before the miners' reward reduction or the so-called halving.HereofForbes reports citing an eToro analyst forecast.

One of them, Simon Peters, said:

"We think it's likely that the price [of bitcoin] will pass above $10,000 before the reduction [of miner rewards] takes place."

Analysts believe that the “bitcoin bulls” will prove themselves before the halving, as they are clearly not configured to maintain a wait-and-see attitude.

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Recall that approximately on May 12, the block reward for mining the block will decrease from 12.5 to 6.25 BTC. Halving happens every four years until all 21 million bitcoins are mined.

This week we saw BTC jump to$9,400 on select marketplaces. In just one day, the coin rose in price by more than $1,000, but then there was a slight pullback. On Sunday, at the time of publication of this material, the largest cryptocurrency again surpassed the $9,000 mark and was trading at $9,150.

In the long term, bitcoin has muchmore opportunities than many traditional assets. According to the forecasts of eToro analysts, BTC will be able to repeat the rally three years ago without problems this year.

According to our estimates, cryptocurrency can reach $ 19,000 or even higher than this mark, as investors have already begun to look for an alternative to traditional tools, Peters concluded.

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