Analyst Says Bitcoin Is In A ‘Healthier’ Place Now, Here’s Why

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Regulatory clarity surrounding the crypto industry has also improved massively in the last four years.  Related Reading: Crypto Analyst Predicts Dogecoin Will Rise 3,600% To $3.7, Here’s When Another analyst, Rekt Capital, examined previous halving cycles and proposed that if history repeats itself, the next Bitcoin breakout could occur in October, which has historically been a strong month for Bitcoin.

It has already been 141 days since the last halving, but the BTC price has yet to perform up to expectations that many expected.  Related Reading: Ethereum In 3 Months: Legendary Analyst Reveals Prediction For December The analyst highlighted that Bitcoin is currently trading 19% below its all-time high of $69,434 reached during the last market cycle.

Bitcoin Is In A Healthier Place Kaleo’s Bitcoin analysis, which was posted on social media platform X, compared the current BTC price performance since the recently concluded April 2024 halving to its performance after the previous halving in May 2020.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Btc price Crypto analyst Btcusd Analyst Crypto news Bitcoin price Btc Bitcoin Bitcoin Crypto BTC news Bitcoin news BTCUSDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-11 @ 17:30:02 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 504 words

Reading Time: 3 minutes read

Sentences: 70 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22462364

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Main Topics: Crypto

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