George23 on Nostr: Bitcoin is entering the final phase before the halving The most important event in ...
Bitcoin is entering the final phase before the halving
The most important event in the cryptocurrency world is inexorably approaching and the expectations of investors are increasing. According to data from Buybitcoinworldwide, the halving is scheduled for April 15, 2023. After a closer look at the long-term cycles, we find that Bitcoin is signaling a strong bullish momentum, based on which optimism is also rising, as stated in a report from Finbold. Is there really a perfect time to buy?
Bitcoin for $200,000?
Cryptocurrency analyst Trader Tardigrade recently shared a status in which he pointed out the recurrence of Bitcoin's long-term halving cycles. The largest digital asset has entered the final phase before the next halving, which should be characterized primarily by a growing trajectory similar to the past.
Based on an expert's analysis, Bitcoin may see a price of up to $200,000 in 2025, but this is just a speculation for now. Bitcoin would have to rise from its current price by about 650%. At the same time, this would mean that from the lowest price in 2022, the price would create an increase of up to 1,150%. For comparison, the previous cycle produced a bullrun worth 1,900%.
Each cycle is less profitable
Each cycle bitcoin is less profitable and therefore even reaching the $200,000 level would not disrupt this behavior. The last cycle saw growth of 1,900% and the one before it up to 10,000%. If Bitcoin were to rise 1,150% from the 2022 low, the cycle would be maintained.
Nevertheless, we do not know where the price will go this cycle. Economic events in the world are turbulent and Bitcoin is facing similar conditions for the first time in history. The reason why this must be of interest to all Bitcoin investors is the fact that these external factors directly affect the demand for Bitcoin.
The most important event in the cryptocurrency world is inexorably approaching and the expectations of investors are increasing. According to data from Buybitcoinworldwide, the halving is scheduled for April 15, 2023. After a closer look at the long-term cycles, we find that Bitcoin is signaling a strong bullish momentum, based on which optimism is also rising, as stated in a report from Finbold. Is there really a perfect time to buy?
Bitcoin for $200,000?
Cryptocurrency analyst Trader Tardigrade recently shared a status in which he pointed out the recurrence of Bitcoin's long-term halving cycles. The largest digital asset has entered the final phase before the next halving, which should be characterized primarily by a growing trajectory similar to the past.
Based on an expert's analysis, Bitcoin may see a price of up to $200,000 in 2025, but this is just a speculation for now. Bitcoin would have to rise from its current price by about 650%. At the same time, this would mean that from the lowest price in 2022, the price would create an increase of up to 1,150%. For comparison, the previous cycle produced a bullrun worth 1,900%.
Each cycle is less profitable
Each cycle bitcoin is less profitable and therefore even reaching the $200,000 level would not disrupt this behavior. The last cycle saw growth of 1,900% and the one before it up to 10,000%. If Bitcoin were to rise 1,150% from the 2022 low, the cycle would be maintained.
Nevertheless, we do not know where the price will go this cycle. Economic events in the world are turbulent and Bitcoin is facing similar conditions for the first time in history. The reason why this must be of interest to all Bitcoin investors is the fact that these external factors directly affect the demand for Bitcoin.