Bitcoin is buzzing with excitement right now. Experts are predicting a huge surge in price, potentially reaching new highs.
The Final Pump?
One expert, Stockmoney Lizards, thinks Bitcoin is about to go on its last big rally of this cycle. He’s basing this on past trends, which suggest Bitcoin peaks about 48 months after a “halving” event (when the rate at which new Bitcoin is created is cut in half).
Based on this, he thinks Bitcoin could reach between $200,000 and $260,000 by September or October next year.
Another Expert Agrees
Another analyst, PharaohX33, is also bullish on Bitcoin. He’s looking at the last cycle and sees similarities to the current one.
He noticed that Bitcoin started to rise around 670 days after the bear market bottom in 2020. It then consolidated for about 160 days after the halving event that year.
Right now, we’re about 668 days from the last bear market low and Bitcoin has been consolidating for about 152 days since the halving in April.
This leads him to believe that Bitcoin’s next big run could start any day now.
What Does This Mean for You?
It’s important to remember that these are just predictions. The crypto market is volatile and anything can happen.
If you’re thinking about investing in Bitcoin, do your research and make sure you understand the risks.
