Bitcoin is currently trading around $65,058.20, marking a decrease from its recent peak of $70,000. Such retracements are common in the crypto market, particularly when analysts anticipate a correction preceding the Bitcoin halving event. Speculation arises regarding the future movement of prices on the charts.

Analysts have their assessments prepared as investors anticipate a rebound, which is a possibility in the medium term given the historical surge following halving events. However, factors beyond halving could still contribute to a slight increase in the immediate term.

For example, the conclusion of the US Securities & Exchange Commission versus Coinbase case on April 19, 2024, or the potential Bitcoin halving between April 18 and April 21, 2024, could impact prices. Yet, if these events coincide, determining their individual effects on prices becomes challenging. Nonetheless, a surge would be welcomed, with hopes for sustained momentum.

The CEO of Binance has a court hearing scheduled for April 30, 2024, and any statements made during this session could influence trade values. Additionally, recent geopolitical tensions, such as Iran's attacks on Israel, are loosely associated with Bitcoin's price dynamics, hinting at potential complexities in geopolitical scenarios and their impacts on the crypto market.

Historically, Bitcoin's price recovery has been tied to halving events, which reduce miner rewards and token supply, consequently driving up its value. Projections suggest Bitcoin could approach $100,000 by the end of 2024, spurred by the upcoming halving event. However, some theories suggest that the impact of this halving may be less pronounced compared to previous ones, with prices rising only after a softening of declines.

Setting a new all-time high at $100,000, with the potential for further gains up to $150,000 under favorable conditions, Bitcoin's volatility is expected to persist. Such movements may trigger a cascading effect in the cryptocurrency market, with Ethereum potentially gaining momentum if discussions about an Ether ETF gain traction.