| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107324.7300000000 |
| ETH | $2428.9750000000 |
| BNB | $646.0691900000 |
| XRP | $2.2029110000 |
| ADA | $0.5620951000 |
| SOL | $147.2799000000 |
| DOGE | $N/A |
| DOT | $3.3646900000 |
| LTC | $86.2864000000 |
| LINK | $13.2216100000 |
Category: CRYPTO NEWS
The post Explosive Bitcoin Potential: Analyst Predicts Post-Halving Cycle Surge appeared on BitcoinEthereumNews.com. Is the Bitcoin bull run over? Many are asking this question as we navigate the ever-exciting, often volatile world of cryptocurrency. But hold on to your hats, crypto enthusiasts! According to on-chain analyst oinonen_t, the current Bitcoin cycle still has significant upward potential, even after the recent halving event. Let’s dive into why this analyst believes the Bitcoin story is far from over and what factors could fuel the next leg up in the crypto market growth. Bitcoin Halving Cycle: Are We Still Early? For those new to the crypto space, a Bitcoin halving is a pre-programmed event that occurs roughly every four years, reducing the reward for mining new Bitcoin blocks by half. Historically, these halvings have been followed by significant price increases. Oinonen_t’s analysis, shared on CryptoQuant, suggests we might be in a similar, yet still early, phase of the post-halving cycle. Let’s break down the numbers: 2020 Halving: Following the 2020 halving, Bitcoin experienced a staggering 686% surge. 2024 Halving (to date): Since the April 2024 halving, Bitcoin’s increase has been a more modest 63%. This data points to a considerable difference in percentage gains, suggesting that if historical patterns repeat, there could be substantial room for further BTC price prediction increases in this cycle. While past performance isn’t a guarantee of future results, these historical trends are definitely something to consider. Could we see a similar explosive growth trajectory as seen in previous cycles? Time will tell, but the analyst’s perspective certainly offers a hopeful outlook. Institutional Demand for Bitcoin: The MicroStrategy Effect Beyond historical cycles, another key indicator highlighted in the analysis is the continued strong institutional demand for Bitcoin. Leading the charge in this space is business intelligence firm Strategy (formerly MicroStrategy). Their relentless accumulation of Bitcoin speaks volumes about the confidence institutional players…
2025-02-19T04:39:41+00:00