Bitcoin price predictions abound as traders focus on the next BTC halving cycle
Traders still anticipate BTC prices above $100,000, but a closer look at the BTC halving cycle chart suggests that a sharper downside move will occur first. Terra's recent collapse has been repeatedly singled out as the main source of weakness affecting crypto assets, but it's much more likely that a combination of factors are behind the start of this current bear market.At the same time that the market was reeling from the Terra saga, the 2-year mark for the next Bitcoin (BTC) halving was also crossed and this is a metric some analysts have used as an indicator for the end of a bull....
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A simple comparison shows just how much room both BTC and ETH price action have left to grow. Bitcoin (BTC) may be over seven times higher than at its last halving, but if history repeats, that number could grow another 300% and more.As tracked by on-chain data source Ecoinometrics this month, BTC/USD has the potential to eclipse estimates simply by following historical precedent.Bitcoin: Compared to 2017, you ain’t seen nothing yetBitcoin currently trades 7.3 times its price since the halving in May 2020. If the last halving cycle is anything to go by, however, price action will not stop....
Bitcoin’s trajectory toward $100,000 is more real than ever, data shows, while one naysayer warns that the market is $11,000 overvalued. Bitcoin (BTC) is precisely following price predictions and not making investors wait longer for gains this bull cycle, says famous quantitative analyst PlanB.In a tweet on Dec. 17, the creator of the stock-to-flow price model noted that in its current halving cycle, Bitcoin’s growth is going as planned.BTC price hits $23,562 stock-to-flow targetDespite huge volatility this week, stock-to-flow remains conspicuous in its ability to forecast the pace of....
The cryptocurrency landscape is once again rife with speculation as Bitcoin traverses its current fourth halving cycle. Amidst varied predictions, renowned crypto analyst CryptoCon’s insights, grounded in the Gann Square methodology, the November 28 Halving Cycles theory, and the 5.3 Diminishing Returns theory have garnered significant attention. CryptoCon remarked via X (formerly Twitter) today, “The Gann Square predicts either $89,000 or $135,000 for the Bitcoin top this cycle.” He emphasized the accuracy of the Gann Square theory during previous cycles, pointing out....
The $50,000 resistance level seems to be the line in the sand that separates certainty from doubt that Bitcoin has cast off the four-year cycle trend according to Santiment. Some analysts believe the four-year market cycle is changing and that the halving schedule may no longer determine cyclical conditions as Bitcoin closes in on the mid point between halvings.The halving is when the amount of Bitcoin (BTC) rewards issued per new block mined is reduced by half. The next halving will happen around May 5, 2024, andl reduce block rewards to 3.125 BTC.According to author @Alerzio on the....
The halving comes and goes, Ethereum wants to hard-fork, and the blockchain does income grants. Want to catch up on the latest cryptocurrency news? Take a look at the stories below. BITCOIN HALVING. The halving has officially come and gone, and the results haven’t been as big as we all hoped for. At mid-day on Saturday, the bitcoin price fell to the $620 range but jumped back to about $645 within a few hours. Despite all the press and predictions that led up to the event, not much seems to have happened. Following the first halving in 2012, however, the price of a single bitcoin increased....