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Bitcoin’s Next Leap: Unveiling the 2024-2025 Price Revolution Post-Halving

Bitcoin, the world’s leading cryptocurrency, has been on a roller coaster ride since its inception in 2009. It has experienced several cycles of boom and bust, reaching new highs and lows along the way. But what drives these fluctuations? And what can we expect from Bitcoin in the near future?

One of the key factors that influences Bitcoin’s price is its halving event, which occurs roughly every four years. This is when the reward for mining new blocks of transactions is cut in half, reducing the supply of new bitcoins entering the market. This creates a scarcity effect, which tends to increase the demand and value of the existing bitcoins.

But how does this affect the price in the long term? To answer this, we need to look at the historical patterns of Bitcoin’s price around each halving. According to CryptoQuant, a platform that provides data and analytics for crypto investors, Bitcoin’s price behavior shows remarkable consistency around each halving. It gradually begins to rise a year before the halving and continues for 12-16 months post-halving, reaching new peaks before entering a bearish phase.

Let’s take a closer look at each halving and its impact on Bitcoin’s price:

First Halving (28-11-2012): A year before this event, Bitcoin was modestly priced at $2.48. As the market turned bullish, it climbed to $12.20 at the halving and continued its ascent. A year later, it peaked at $1,131, a staggering increase of over 9,000% from the pre-halving price.
Second Halving (09-07-2016): Before this halving, Bitcoin had fallen to $269 but rebounded to $650 by the time of the event. It soared for about a year post-halving, reaching an impressive $2,518, a gain of nearly 300% from the pre-halving price.
Third Halving (11-05-2020): The cycle repeated, with Bitcoin dropping to $7,255 before the third halving. It then modestly rose to $8,762 at the halving and significantly surged to $56,615 a year after, a jump of over 600% from the pre-halving price.
The fourth halving is expected in April this year in the current cycle. A year before this date (April 2023), Bitcoin had an uptick to $31,000. This suggests a strong likelihood of a substantial rise post the fourth halving, potentially lasting till April-August 2025 and surpassing the previous high of $69,000.

Source: CryptoQuant

For long-term investors, these patterns are crucial. The peak for this cycle might be between April – August 2025. It would be strategic to start exiting the market gradually at this point, as the price is likely to enter a correction phase after reaching new heights.

Of course, there are other factors that can affect Bitcoin’s price, such as regulatory developments, technological innovations, market sentiment, and global events. However, the halving remains a fundamental and predictable element that has a significant impact on the supply and demand of Bitcoin. By understanding its historical and future implications, investors can make informed decisions and capitalize on the opportunities that Bitcoin offers.

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