A Bitcoin bull market could commence within the next 22 days, based on historical cycles and current data. This conclusion was reached by WeRate co-founder Quinten François.
The average #Bitcoin cycle:
Starts 170 days after halving
Peaks 480 days after halvingWe are currently 147 days after the $BTC halving pic.twitter.com/jINl8Y4usP
— Quinten | 048.eth (@QuintenFrancois) September 15, 2024
According to the expert, the average cycle of the leading cryptocurrency begins approximately 170 days post-halving, with the peak forming 480 days later. As of September 15, it has been 147 days since the halving event.
Crypto investor and blogger Lark Davis highlighted Bitcoin’s impressive growth in the fourth quarter during halving years—2016 and 2020. The asset also closed positively in the first, second, and third quarters of the following year, noted the expert.
In halving years, Q4 has been historically bullish for Bitcoin.
But if you look around, Q1 — Q3 of the following year have also been mega bullish.
If history repeats itself, it could unleash mind-blowing gains that most people can’t even fathom.
Are you mentally prepared? pic.twitter.com/zj8C1sY9eC
— Lark Davis (@TheCryptoLark) September 15, 2024
“If history repeats itself, it could lead to mind-blowing gains that most people can’t even imagine,” added Davis.
CEO of CryptoQuant Ki Young Ju identified $62,000, $55,000, and $43,000 as key levels for Bitcoin. These represent the average cost of coins for various investor groups and serve as important psychological and technical markers.
#Bitcoin Cost-Basis
• New Custodial Wallets/ETFs: $62K (-6%)
• Binance Traders: $55K (+3%)
• Mining Companies: $43K (+32%)
• Old Whales: $27K (+106%)Current Price: $57K pic.twitter.com/HcbrJ3Wx5V
— Ki Young Ju (@ki_young_ju) September 13, 2024
Outlier Ventures has declared the “death” of the Bitcoin halving cycle.
Previously, investor and Okse co-founder known as Elja identified signals of an “explosive move” on the leading cryptocurrency’s chart, projecting a range of $100,000-150,000 by the first quarter of 2025.