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Bitcoin could rally 160%, hitting $150,000 14 months after the halving takes place, according to analysts’ predictions in the latest edition of the Bitfinex Alpha report.a simplistic and straightforward regression model that projects diminishing returns by analyzing the effects of previous halvings on the price of BTC. However, this model did not consider BTC reaching a new all-time high pre-halving; hence, the cryptocurrency’s post-halving price increase may exceed 160%.
Historically, bitcoin’s value has increased post-halving due to sustained or increased demand, but the level of growth in this cycle may be different due to the asseta level of uncertainty into the market dynamics, highlighting the need for a more nuanced understanding of market conditions and their potential impact on Bitcoin’s future price movements.Bitcoin rose 9,300% from $12 to $1,161, 396 days, or roughly 13 months after the 2012 halving.
Based on the analysis, BTC is expected to rise 160% within 420 days, or 14 months after the next halving. This offers a guideline for the expectations of Bitcoin’s post-halving market behavior. “This estimation aligns with the observed trend of diminishing percentage increases following each halving event. With a conservative estimate placing the price of BTC at between $57,000 and $65,000 at the time of the halving, a 160 percent price increase would lead to BTC price ranging from approximately $150,000 to $169,000 at the peak of the cycle,” Bitfinex stated.
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