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Bitcoin Post-halving Could Potentially Surge to $130,000 by September 2025

2024-06-03 17:22:15

Trader suggests that Bitcoin's current bull run is mirroring past post-halving cycles. If this pattern persists, Bitcoin could potentially hit $130,000 by late next year.


Source: stormgain.com


According to crypto traders, Bitcoin may hit a peak of $130,000 to $150,000 between late August and early September, following the pattern of previous post-halving bull markets. Analysis suggests that the Bitcoin halving, which occurs approximately every four years and cuts mining rewards by 50%, has historically marked the midpoint between the start and peak of bull markets.


For example, the last bull market began about 16 months before the May 11, 2020 halving and ended about 18 months after. This pattern was also observed in previous halvings on July 9, 2016, and Nov. 28, 2012. While the trader acknowledges that no analysis method is foolproof, he suggests that if the historical growth pattern continues, the next bull market cycle high could occur in late August or early September 2025. Based on this analysis, they predict a potential peak in the $130,000 to $150,000 range.


Bitcoin's Potential Peak Is Difficult To Determine Definitively

The analysis identifies December 17, 2022, as the commencement of the ongoing bull market. Bitcoin was trading around $16,800 at that time and has since surged over 300% to reach $67,882. Despite this, Bitcoin has retreated from its peak of $73,679 on March 14. However, there is a 25% chance that Bitcoin has already reached its bull market peak, attributing this assessment to diminishing gains in each successive bull cycle. The analyst suggests that if Bitcoin fails to achieve a new all-time high and falls below $55,000, it could indicate exponential decay for the cryptocurrency.


Disclaimer: FameEX makes no representations on the accuracy or suitability of any official statements made by the exchange regarding the data in this area or any related financial advice.

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