Why the Next Bullrun would be in 2024?
Every 4 Years sicne 2012 , the rewards of mining Bitcoin is being halved after every 210,000 blocks are mined.
And this basically affects the price because by doing that process the supply decreases so demand increases .
Now every time during the 4 years of the halving process BTC pump so hardly before dumping the price by 80% approximately, so far Bitcoin fell 65% only to reach 26K, if we want to apply the same pattern we migh see Bitcoin between 20K and 10K before the end of 2023.
I have to mention that based on previous years, when BTC enters the next Halving year the price of BTC is down 50% approximately, I mean we start the halving year with the price of the last pump minus 50%, you can see that in the uploaded photo.
This means that after the BTC Dump below 20K levels, BTC might rise back to 30K levels entering the last halving year 2024 with that price to start the new bullrun
Prices could be crazy at that time hitting the first target 69K for sure
Disclaimer: none of these ideas are a financial advice ,price prediction is my personal opinion based on indicators that could be not accurate.
Every 4 Years sicne 2012 , the rewards of mining Bitcoin is being halved after every 210,000 blocks are mined.
And this basically affects the price because by doing that process the supply decreases so demand increases .
Now every time during the 4 years of the halving process BTC pump so hardly before dumping the price by 80% approximately, so far Bitcoin fell 65% only to reach 26K, if we want to apply the same pattern we migh see Bitcoin between 20K and 10K before the end of 2023.
I have to mention that based on previous years, when BTC enters the next Halving year the price of BTC is down 50% approximately, I mean we start the halving year with the price of the last pump minus 50%, you can see that in the uploaded photo.
This means that after the BTC Dump below 20K levels, BTC might rise back to 30K levels entering the last halving year 2024 with that price to start the new bullrun
Prices could be crazy at that time hitting the first target 69K for sure
Disclaimer: none of these ideas are a financial advice ,price prediction is my personal opinion based on indicators that could be not accurate.