“If the historical pattern established by the first three bitcoin halvings continues to play out with the fourth halving, then the pre-halving rally would begin about four months from now,” read the note.
As Berenberg highlights, previous halvings cycles have seen the price of Bitcoin surge by a minimum of 682%. At the time of the first Bitcoin halving on November 28, 2012, the price of Bitcoin hovered around $12.The analysts noted that while Bitcoin’s supply treads a “predetermined path,” the overall demand for Bitcoin that needs to be gauged before anyone could predict the “potential magnitude” of a future rally.
Shares of MicroStrategy are currently trading for $408, having gained nearly 180% since the beginning of 2023, according toMagazine:
Source: News Formal (newsformal.com)
saylor MicroStrategy Berenberg Capital notes MicroStrategy's reliance on its 152,333 Bitcoin holdings, predicting potential price gains during the upcoming Bitcoin halving.
saylor MicroStrategy According to the research note, if the historical pattern of the first three bitcoin halvings repeats with the fourth halving, then the rally before the halving would begin in about four months.
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