Bitcoin is 64% of the way to the next halving...
The next halving is likely going to catapult prices higher again
Are you curious what could possibly move the prices of bitcoin (and everything else) higher again?
Be curious no longer!
It will likely be the same thing that has catapulted bitcoin and crypto prices higher every previous time...
The halving!
The halvings also seem to line up pretty well with a falling dollar and a dropping interest rates, which only helps add fuel.
I suspect this next cycle will be pretty similar.
Check this out:
(Source: https://twitter.com/therationalroot/status/1596538503914958848/photo/1)
As you can see the price has shot way up post halving, every single time.
The next halving is likely to take place in the Spring of 2024, most likely around April or May.
The price tends to bottom more than a year before this happens.
Actually, the price tends to bottom prior to being 64% of the way to the next one, which means the price has likely already bottomed or is very close to it based on past patterns.
One day very up and other day very down. It's a risk.
Upvoted! Thank you for supporting witness @jswit.
After halving btc price will increase again and will make next record price
I came back to steem community please support me guys ❤️