• 19 June, 2024
Market News

Bitcoin Bull Run Until 2025? Halving Cycle Theory Hints at Growth

The world’s leading cryptocurrency, Bitcoin has a potential price surge lasting until December 2025. This optimism stems from the theory of Bitcoin’s four-year “halving” cycles, which historically witnessed three years of bull runs followed by one year of correction.

The logic behind this optimism hinges on the historical performance of Bitcoin following halving events. Historically, these significant reductions in supply have tended to be followed by periods of sustained price appreciation. Some, citing this historical trend, believe the market may be experiencing a pre-halving dip before a potential upswing leading up to and beyond the event.

Source: ali_charts

Bitcoin’s current price action suggests that following a significant dip in 2022, it has regained considerable ground, currently hovering around $41,000. While this remains below its all-time high of $69,000 set in November 2021, analysts believe the upward trend could gain momentum in the coming years.

Also, bitcoin halving is believed to influence price due to increased scarcity. Historically, three years following a halving have seen consistent price rises, followed by one year of correction. The most recent halving occurred in May 2020, aligning with the current bullish trend observed since late 2022. If the historical pattern holds, Bitcoin could potentially continue its upward trajectory projected for December 2025.

Bitcoin’s price currently finds itself at a crossroads, hovering around $42,665 with a slight downtrend over the past day and week. While bearish sentiment might seem dominant at first glance, the upcoming Bitcoin halving event in just over 100 days has some market observers eyeing potential buying opportunities.

As of press time, Bitcoin is trading at $42,665.88, marking a 1.27% decline in the past 24 hours and a 3.30% dip over the week. This recent downward movement adds to the concerns of a potential prolonged bearish trend, especially with broader market uncertainty persisting.

However, amidst the bearish whispers, whispers of optimism are also starting to rise. Crypto analysts like Rekt Capital have noted in recent tweets that the approaching halving event – a pre-programmed reduction in the Bitcoin mining reward that occurs roughly every four years – could create fertile ground for bargain-hunting investors.

FTX Bankruptcy: Customers Face Deep Devaluation of Crypto Assets in Reimbursement Plan Read Previous

FTX Bankruptcy: Customers Face Deep Devaluation of Crypto Assets in Reimbursement Plan

Unprecedented Surge: XRP Whales Signal Bullish Trends in Recent Activity Read Next

Unprecedented Surge: XRP Whales Signal Bullish Trends in Recent Activity