Crypto currency markets closely follow analyst PlanB, who predicts that Bitcoin‘s (BTC) cycle peak will be more than four times its current value. The senior analyst informed his followers on social media platforms that Bitcoin could see significant gains after the April 19 halving event, based on historical data.
BTC’s Rise Factor
The analyst also stated that the halving event, which cuts miner rewards in half, will once again be a bullish factor for Bitcoin. He mentioned that the leading cryptocurrency is expected to reach a cycle peak of about $300,000 by 2025.
I think this Bitcoin halving will be no different. All Bitcoin price increases will again be around the halving. Buying six months before the halving and selling 18 months after will perform better than a buy-and-hold strategy. BTC will be over $100,000 in 2024. Bitcoin will peak over $300,000 in 2025.
“Bitcoin Halving Expectations Will Not Be Met!”
PlanB stated that Bitcoin’s historical price increases occurred during halving events, with a doubling in price six months before and after the event, and a quadrupling between six to 18 months post-event. The expert included these comments on the subject:
Happy halving to Bitcoin! Insiders are keeping this in the foreground in the six months before the halving. Miner income changes in the six months after the halving, and the price will double. Six to 18 months later, the rest of the market rushes to get a piece of the pie, and the price will quadruple.
The popular analyst also emphasized that he does not expect a sudden exit in Bitcoin just a few days after the halving event, finally stating:
Nothing will happen within two days. We’ve already experienced a small price increase from $34,000 to $62,000, nearly doubling. In my opinion, we will double again in the next six to ten months after the halving. Then another 2x-4x, facing the fear of missing the peak.
