At the time of writing, Bitcoin is hovering around $65,058.20, marking a decline from its recent peak of $70,000. It's common for the crypto market to undergo retracements, particularly when analysts have anticipated a correction leading up to the Bitcoin halving event. Now, speculation abounds regarding the next moves in price.

Analysts have their assessments prepared as investors anticipate a rebound. While a resurgence is feasible in the medium term, given the historical tendency for surges post-halving, it's essential to consider other factors that could potentially support an immediate uptick in price.

We anticipate the conclusion of the legal battle between the US Securities & Exchange Commission and Coinbase by April 19, 2024. If not a resolution, then at least a roadmap for the next steps is expected to emerge.

The Bitcoin halving event is slated to occur between April 18 and April 21, 2024, with April 20, 2024, being considered the optimal date, though alternative dates may also be favored by the community.

Should both events coincide, determining their individual impacts on the price will be challenging. Nonetheless, a surge would be warmly welcomed, with the community hoping for sustained momentum.

Binance's CEO is scheduled for a court hearing on April 30, 2024, and the crypto community will closely analyze every statement made during the session, anticipating potential implications on trade value. Additionally, recent attacks by Iran on Israel are being linked to Bitcoin's prices, suggesting possible complexities in geopolitical scenarios and their impact on the crypto market.

For Bitcoin, the primary indicator of a price recovery is the halving event, historically associated with price increases. The upcoming halving event is expected to further accelerate this rise, potentially pushing Bitcoin close to $100,000 by the end of 2024, according to our BTC price forecast. The halving event reduces miner rewards and token supply, leading to a decrease in circulation and a subsequent increase in value.

However, there's a theory suggesting that the upcoming halving may not have as significant an impact as in the past, with the price expected to rise only after a period of decline.

With a new all-time high established at $100,000, there's potential for each element to add up to $150,000 in value. Bitcoin's volatility is anticipated to continue, potentially impacting the broader cryptocurrency market. ETH may gain momentum early on if discussions around an Ether ETF gain traction, following Bitcoin's trend.