Is the halving coming? Bitfinex: Bitcoin will surge 160% to exceed $150,000

According to analysis and predictions by Bitfinex researchers, as the halving market gradually develops, Bitcoin is expected to surge by 160% to more than $150,000 in the next 12 to 14 months.

According to analysis and predictions by Bitfinex researchers, as the halving market gradually develops, Bitcoin is expected to surge by 160% to more than $150,000 in the next 12 to 14 months.

According to the recently released Bitfinex Alpha report, this is a prediction based on historical data and statistical models of previous halvings. Although analysts also admitted that the “regression analysis model” they used may be too simple, they are still optimistic about Bitfinex. The currency will rise sharply.

Analysts pointed out that this halving is different from previous years because Bitcoin had already hit a record high before the halving. This abnormal phenomenon may be interpreted as a bullish indicator, but it also brings certain uncertainty to market dynamics. degree of uncertainty.

According to Bitfinex statistics, the time it took for Bitcoin to reach its price peak from the halving was 339 days, which is about 11 months. Through analysis and taking into account the phenomenon of "the gradual decrease in the price increase of the halving market", the report predicts that Bitcoin The increase after this year’s halving is approximately 160%.

Analysts said that according to conservative estimates, the price of Bitcoin at the moment of halving will be between US$57,000 and US$65,000. An increase of 160% means that the target price of Bitcoin is between US$150,000 and US$169,000. .

The report mentioned that Bitcoin seems to have entered a consolidation phase, with fluctuations ranging from $65,000 to $71,000. “This is largely due to the differences between short-term holders (STH) and long-term holders (LTH). "Due to selling pressure," it is still expected that Bitcoin will find support around $60,000 and $57,000.