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HALVING IS APPROACHING: Bitcoin May Reach $45,000 in May, According to Analyst

The cryptocurrency market is known for its volatility and price fluctuations, but some analysts are still optimistic about the future of Bitcoin. According to Vetle Lunde, senior analyst at K33 Research, the price of the largest cryptocurrency in the market could reach $45,000 in May of this year.

According to Lunde, the remarkable similarity of the current Bitcoin cycle with past cycles suggests that the price could recover and reach this value. He argued that recent drops, both in 2018 and 2022, were about 80% relative to previous highs, and both cycles hit bottom after about 370 days and recovered 60% after 510 days.

If the current cycle follows the same pattern, the price of Bitcoin could reach $45,000 around May 20th. However, the analyst emphasized that it is unlikely that history will repeat itself exactly the same way.

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Still, an increase to $45,000 would represent a recovery of almost 200% from the $15,000 bottom, which would be an encouraging sign for long-term investors.

One of the factors that may boost the price of Bitcoin in the future is the halving, which will occur next year. This event is often associated with an increase in the price of BTC, but experts warn that the cryptocurrency will need to form a solid support to continue to rise.

In summary, although price fluctuations may be concerning for some investors, there are analysts who still see potential

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