Bitcoin Halving Price Prediction After Halving 2024
Based on previous pricing behaviour, we may anticipate that the price of Bitcoin will somewhat rise in the month before the subsequent halves of the currency. However, there is no obvious tendency for the price movement of Bitcoin just after each halving.
Market patterns frequently resemble cyclical movements, yet past results do not predict future trends. Significant blockchain protocol occurrences like Bitcoin and Litecoin price halvings and shifts in the dynamics of the supply of cryptocurrencies frequently have a significant impact on the price of cryptocurrencies.
This article will examine pricing projections for the April 2024 Bitcoin halving and attempt to provide some light on what to anticipate after that event.
Bitcoin halving price history
Let's look at the Bitcoin price activity before and after the three Bitcoin halvings that have already occurred before getting into forecasts for the price of the coming halves.
Performance is displayed in brackets in relation to the price of one bitcoin at the time of each halving.
Since there have only been three Bitcoin halvings to date, it is challenging to make generalisations about how BTC typically behaves before and after halvings.
One month before to each of the three Bitcoin halvings, the price of Bitcoin was lower than it was at the time of the halving, which is the only continuous tendency we can identify from earlier halves.
In terms of what occurred to the price of Bitcoin after each halving, we've observed two cases in which the price rose and one instance in which the price fell. Three months after the most recent halving, the price of BTC has increased significantly by 35.8%.
The long-term performance of Bitcoin has been excellent following each halving. In fact, every four years between the halvings, the price of Bitcoin has reached a new record high.
What is the anticipated Bitcoin price after the 2024 halving?
The majority of sources now predict that the Bitcoin price will be halved sometime in April 2024. As of right now, the Coinpedia Bitcoin price prediction algorithm predicts that on April 1, 2024, Bitcoin will trade for about $49,300.
The current projection is that the price of Bitcoin would be $52,000 one month after the following halving, which would be 5.4% higher than the price expected during the halving. However, it is anticipated that the price would subsequently surge fast to a new record high of roughly $84,100.
For 3 months after the next halving, the Bitcoin price prediction is currently suggesting that BTC will be changing hands at approximately $45,700, which would be -7.3% lower than the predicted price at the halving.
Coinpedia’s 2024 BTC Price Prediction
96.875% of the Bitcoin will have been mined by the time of the fourth halving. The block reward for Bitcoin miners will also be half to 3.125 BTC every new block. However, the BTC price will reach a new high of $74,967, much like the previous bull run during the Bitcoin halving.
However, because of the nuclear tension between Russia and Ukraine, the price of bitcoin may reach a low of $57,027 before rising to an average of $65,997.
Nice article there. But I would say, the thing we expect the most turns out to not come out just the way we expected it. What if there's a what if?
What if price goes below that range we thought it would?
What if after the halving price remains stagnant?
Just as we expected a difference in price in this period, it went below the unexpected price. Well, I would say. Leveraging on the opportunity any price gives is the best. Rather than missing out, is best I use this bitget dual investment that sets to buy Btc at a low price. Keep accumulating till the expected happens