Bitcoin’s price has the potential to cross $100,000 mark in this 4th cycle. But the market always does the opposite of what the crowd thinks of.
What happened during previous halvings?
- 2016: For 18 weeks, $BTC was volatile ranging from $670 to $470 (-31%)
- 2020: For 18 weeks, $BTC was less volatile ranging from $9,500 to $8,500 (-11%)
- 2024: For 18 weeks, $BTC is volatile ranging from $71,500 to $49,500 (-31%)
$BTC price actions are painful after 4th Halving Event (April, 2024) resembling with 2nd Halving Event (July, 2016). It was painful during Q3 of 2016 just like it is happening now. But the buyers of 2020 period will not understand this as they did not suffer like this.
Price of $BTC at halving is usually marked as lowest price of Bitcoin before mega rally. Will this be true this time?
We’re at 18th week after the 4th halving event. Fed meeting is happening just 3 weeks from today. And there is a high probability of the Fed cutting the rates. Rate cuts make money available in the market more easily. Even though the history of rate cuts shows bearish price action at the beginning, it eventually triggers the mega bull trends.
Bitcoin’s weekly stochastic RSI is sitting at 20 and has enough room for move towards 80. This movement can break 6-digit price for the first time for Bitcoin.
- Momentum is signaling for $100k
- Fed rate cut is signaling for $100k
- History of PA is signaling for $100k
Do you think $BTC will be above $100,000 before 2025?
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