Bitcoin (BTC) has shattered its previous all-time high, soaring above $69,200
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Once Bitcoin moves beyond known price levels, the market begins to reassess its value in the absence of historical resistance points. During this period of price discovery, Pompliano also singled out the upcoming Bitcoin halving event, which will reduce the new supply of Bitcoin, as a critical factor likely to push prices higher at a pace faster than many anticipate.Recent Bitcoin price predictions have been exceptionally bullish, with several prominent figures in the cryptocurrency space forecasting significant increases in the wake of the upcoming Bitcoin halving.
Echoing Scaramucci's optimism, Mike Novogratz of Galaxy Digital points to the halving as a critical factor that could propel Bitcoin's price to new heights., the CEO of Blockstream and a figure mentioned by Satoshi Nakamoto in the Bitcoin whitepaper, sees Bitcoin possibly reaching $100,000 even before halving.
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