Following the Fourth Bitcoin Halving, Expected Value Increase Reported.

Quick Summary:

The crypto analyst stated that if  BTC produced a similar growth pattern seen in previous bull cycles, its market price would likely range between $140,000 – $4,500,000.  For context, the bull run, which forms the latter part of the Bitcoin bull cycle, occurs in the months following the halving event, according to BTC’s price history.

Price range for Bitcoin in the 4th halving cycle: upper bound ~ $4,500,000 lower bound ~ $140,000 That is *if* Bitcoin ends up following a growth trajectory in the range of the previous cycles.pic.twitter.com/s93yldJEI0 — ecoinometrics (@ecoinometrics) April 20, 2024 Econometrics stated that a repeat of such positive performance could see Bitcoin trade as high as $ 4,500,000 per unit.

Related Reading: Battle For The Halving Block: Bitcoin Users Spend Record $2.4 Million On Block 840,000 How High Can Bitcoin Rise Post Halving?   In an X post on Saturday, econometrics shared a strong bullish prediction of Bitcoin price following the fourth halving event on April 19.

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Article Details

Author / Journalist: Semilore Faleti

Category: Crypto

Markets: United Kingdom

Topics: Bullish prediction Btcusd technical analysis Bitcoin Bitcoin Bitcoin BTCUSDT FTX crypto Btcusd

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-21 @ 10:30:53 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 405 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 11 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 20741864

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