Bitcoin being halved is probably the most important event for the blockchain because of its functions. It has played a crucial role in crypto bull markets when it starts and how long it lasts. But there have been some deviations in triggering each bull market, but the data over the years shows that the schedule has been quite tight.
All these years, it has been seen that Bitcoin has deviated from most of the historical trends, which led to speculations that the coming bull market is not going to follow the trend that has been established. But the current pattern of digital assets suggests that these speculations could be proved wrong.
Twitter shared a chart where @stockmoneyL, a pseudonymous crypt analyst, kept the argument that it is likely that Bitcoin could follow the prior bull market trends. The chart shows the days between the next halving event and the bottom of the bear market have maintained a tight timeline.
If we check the chart and Bitcoin keeps following the exact similar timeline, the bull market will likely start in 2024. With just 523 days in between the bottom of 2022 and next halving event, it fits into the average of 530 days in between the cycles, after which the bull markets have mostly begun.
If this pans out as expected, it is going to invalidate the expectations of starting the bull market in 2023. It indicates the beginning f the bull market in the middle of 2024, which is quite similar to the other bull markets.
In the last bull markets, the price of Bitcoin has always gone up, crossing its previous high by a significant margin. In the 2017-2018 bull market, the price clocked at 19,000 dollars, which is an all-time high. Though it was significant that year, it was incomparable to the next ATH.
In 2021, the price of Bitcoin reached a high equivalent of 69,000 dollars, which is triple the previous all-time high, and it can be estimated that in the next bull, the price of Bitcoin might reach up to 150,000 dollars.
The time has varied, as many have made various other forecasts. But it generally happened after a year of halving and the beginning of the bull market. So this time, it is likely to put the new ATH in 2025.
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