Bitcoin Halving Event Today: What to Expect from the Crypto Market This Weekend

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The highly anticipated fourth Bitcoin (BTC) fourth halving will happen over the weekend. The crypto market will continue to register heightened volatility amid the high-impact news. More cryptocurrency exchanges are positioning their services to reap more from the Bitcoin halving event. 

For instance, BitMEX’s Bitcoin perpetual swap now offers 250x leverage up from 100x a few days ago. As a result, it is prudent for every crypto trader and investor to position their respective portfolio to enable maximum gains. 

Crypto Market Outlook Post Bitcoin Halving

While the cryptocurrency market could depict short-term weaknesses after tomorrow’s Bitcoin halving, renowned crypto analyst Michaël van de Poppe is confident the industry will continue in a bullish outlook in the coming quarters. Furthermore, institutional investors and retail traders have been preparing for this phase for the past three years and it is at hand. Additionally, the famous stock-to-flow model predicts at least 2x in Bitcoin price within the next six months.

Poppe on Narratives to Focus on Ahead

According to Poppe’s expectations after tomorrow’s halving event, Bitcoin price will continue to consolidate within the range between $61k and $72k. As Bitcoin accumulates more buying pressure, the analyst believes that altcoins will begin to rebound in their respective pairs with Bitcoin.

As a result, Poppe indicated that Ethereum, the Decentralized Physical Infrastructure Network (DePIN), and real-world asset (RWA) tokenization will take the lead before the end of the second quarter. Later in the third quarter, the crypto analyst expects a general wide market correction in preparation for the exponential rally to respective new all-time highs (ATH).