Analyst Predicts Bitcoin to Hit a New All-Time High Post-Halving

• Analyst Adrian Zduńczyk said Bitcoin could hit a new all-time high after the halving.
• Bullish predictions for the S&P 500 in January are expected to drive inflows to Bitcoin. 
• The analyst argues spot Bitcoin ETF approval will drive “trillions” into the crypto market and onboard more institutions.

In a series of tweets on X (formerly Twitter), renowned cryptocurrency trader Adrian Zduńczyk laid out his predictions for the year, stating that Bitcoin will hit a new all-time high after the halving pushed onwards by several bullish catalysts. 

The crypto analyst pointed out several factors predicted to drive Bitcoin’s price up. He noted that the leading digital asset has been up since the start of January 2024, highlighting increased investors’ confidence. 

According to Zduńczyk, the estimated 12.8% return for the S&P 500 in January will also push capital inflows into Bitcoin. The analyst based this prediction on the sustained correlation between Bitcoin and the U.S. stock markets. 

Furthermore, Zduńczyk said Bitcoin could reach a new all-time high after the halving. Expected to happen in April, the halving will cut mining rewards and constrict t…

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