Realistic Bitcoin Price Prediction going into the 2024 Halving Event

 


If Bitcoin follows its past price behavior that it has during the 2021, 2016, and 2020 halvings, Bitcoin will most likely peak at 46.3K slightly before April next year. 

Bitcoin always seems to be following a period between the previous bull-run peak and the next halving that peaks at around 33% from its previous bull-run high. 

LOOK AT THE PRICE CORRECTION SINCE THE 2021 PEAK:


NOW, LOOK AT PAST CYCLES. 

COINCIDENCE?


WE AGAIN SEE THIS IN THE 2012 CYCLE:


Bitcoin always seems to be repeating the same pattern in begtween the halving peak and the next its next halving. 

So, the next peak before the halving is around 46.3K 

I believe that the pre-halving peak of 46.3K will be touched slightly before the halving date as happened before the 2016 halving. 

It is my opinion that the next bull-run peak will happen at a price ranging from 87k to 100k by Mid to late 2025 once the halving effects would have subsided. 

I say this because the past post-halving Bitcoin cycles have presented the following gains:

2012: x100

2016: x27

2020: x7 

Evry peak, the times Bitcoin has multiplied seems to be cutting by 27%, so the next multiplication could be x1.89 (x7 * 0.27) 

2024: x1,89???? Since pre-halving peak???

46.3K * 1.89 = 87K

I also added 100k as the max price as it poses a large psychological barrier so the blowout increase could eventually bring the prices to that level. 

Although I believe my pre-halving prediction of 46.3K is somewhat accurate, I think that the next Bitcoin bull-run will peak the price of the asset from a price ranging from 87k-100K, although this prediction is less accurate. 

Before the 2024 halving, the profit possibility from buying Bitcoin is at least around a x4 while after the possibility will fall to around a x1.89. 

So, from now, Bitcoin will likely rise a little bit again for some time and likely start an a sideways phase that will range to around 35-37k. It will then rise to 46k into the 2024 halving. 

Of course, this is my opinion taking into account that past Bitcoin movements relied on QE and the current macroeconomic environment is very different. 

I am accumulating NOW before the halving. 

If the banking crisis persists, Bitcoin will benefit from the inflow of capital into the crypto market. If the economy moves towards a positive trend, Bitcoin will benefit with an inflow of capital ax traders start picking up riskier investments that can yield higher rewards in a QE environement. 

In my opinion, Bitcoin is a WIN-WIN opportunity. 


THIS IS MY PREDICTION AND YOU SHOULD CREATE YOUR OWN. 

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