In anticipation of the BTC halving event, the price shot to a high of $ 9,400 this week, the highest level since February 25, making up for the loss of the corona crisis. Simon Peters, an analyst at the broker eToro, believes the price will climb even further to a level of US$ 10,000 before the halving, Peters said in response to Forbes. Peters also indicated that the bulls will not wait for the halving to buy but are already increasing their positions.

In addition to the halving, Peters says that there are several factors that can cause bitcoin to rise sharply. For example, miners themselves would also wait to sell their proceeds because they believe that the price is going to rise and could sell it for more at a later time. People are also looking for a safe haven in this turbulent time and Americans are receiving stimulus funding that they may invest in the crypto market. So many new investors may enter the market.