Here’s a $148K forecast for Bitcoin – Halving set up

A forecast for a much higher BTC price from ‘Panetra Capital’.

  • “Bitcoin has historically bottomed 477 days prior to the halving, climbed leading into it, and then exploded to the upside afterwards,”
  • “The post-halving rallies have averaged 480 days – from the halving to the peak of that next bull cycle.”
  • Thus BTC should have bottomed in December 2022.

Halving happens every four years for bitcoin

  • its when crypto miners’ reward is cut in half to create a scarcity effect
  • April 2024 is the next expected halving date

And thus:

  • “If historyy were to repeat itself,” the researchers said, “the next halving would see bitcoin rising to $35k before the halving and $148k after.”

I’m not fully on board with this 😉

Still, I wish ’em luck.

This article was written by Eamonn Sheridan at Source