After the recent Bitcoin halving, people are curious about where the cryptocurrency's price is headed. Before the halving, Bitcoin aimed to stay above $65,000, but it struggled to maintain this level afterward. Now, there's concern it might drop below that mark. However, analysts have shared their thoughts on what to expect for Bitcoin's price after the halving.

Some experts believe that the period before the halving sets the stage for Bitcoin's next cycle. They say that when the price bottoms out before the halving, it creates a base for re-accumulation. This consolidation phase might lead to a breakout into a strong upward trend.

One analyst, known as El_crypto_prof, suggests that Bitcoin may have hit its lowest point and could be on the verge of a turnaround. They point out that reclaiming certain technical levels before the halving has often preceded significant price increases in the past.

Despite these optimistic views, Bitcoin is facing bearish sentiments, with indicators suggesting ongoing losses. For example, Bitcoin's average transaction fees exceeded $100 for the first time post-halving, hinting at a potential sell-off. The uncertainty is compounded by Bitcoin reaching its all-time high before the halving, which goes against historical trends.

As of now, Bitcoin has retreated from its recent highs, currently trading around $63,865 after a 5% drop in the past week. Technical analysis from April 20 indicates bearish sentiments, with various indicators aligning with a sell sentiment.

While these analyses provide insights, unexpected events like geopolitical tensions can quickly change Bitcoin's price trajectory. So, while there are predictions, it's challenging to say for sure what the future holds for Bitcoin post-halving.