Key Narrative: Diminishing Returns
Bitcoin analyst Matthew Hyland predicts a bullish rally for Bitcoin to $240,000 based on the “Diminishing Returns” narrative. This narrative suggests that each Bitcoin cycle produces a smaller percentage gain as the market matures. However, Bitcoin has yet to disprove this narrative, which Hyland believes is the “final boss” that must be overcome.
Timeframe for Pre-Halving Rally
Crypto expert Rekt Capital suggests that the pre-halving rally for Bitcoin is nearing its end. He compares the current rally to previous pre-halving rallies, which typically ended 2-4 weeks before the halving event. Rekt Capital identifies the current point as a “historic danger zone” where the rally could potentially conclude before a pullback ahead of the halving.
