Analysts Predict a Significant Bitcoin Price Consolidation Before Halving

Bitcoin to consolidate before April halving, analyst predicts $48k-$50k range. Potential dip to $36k-$38k seen before rebound.
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Crypto swing trader Michael van de Poppe recently claimed in a tweet that Bitcoin (BTC) will likely consolidate in the months leading up to the April halving event.

According to his prediction, the price would most likely start at $48,000 and go as high as $50,000. This is in line with his earlier prediction that the present lows will be recovered from.

According to Van de Poppe, there can be a decline before the rise, which would result in a zone of accumulation between $36,000 and $40,000. He now has Bitcoin valued at $43,016.98 in his pre-halving projection, but he issues a warning that it may drop as low as $36,000–$38,000.

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