#halving #BTC‬ #priceprediction

As $BTC approaches its 4th halving scheduled for April 2024, many observers are wondering: will the price of BTC experience another spectacular surge as during previous halvings?

If we look at the history of BTC prices, we see a recurring trend: a marked drop systematically precedes each Halving, paving the way for a future bullish rally.

Thus, at the end of 2012, the price of BTC plunged by 50% a few months before the first Halving. Then, it soared the following year to reach new heights at +11,000%. Same scenario in 2016 with a fall of 40% just before the second Halving, followed by a spectacular surge of +3,000%. Ditto in 2020, where the fall reached 63%, subsequently fueling a powerful rally of +700%.

Currently, after a 20% rebound in 2024, several analysts anticipate a new consolidation below $45,000, a sort of necessary breathing space before a new takeoff. These recurring pendulum movements make it possible to purge the market before it catches fire, driven by increasingly solid fundamentals.

After each halving, the division by 2 of the issuance of new BTc causes a scarcity of the available supply. Consequence: a spectacular surge in demand and prices.

During the 3 previous post-Halving cycles, the price of BTC literally soared for 12 to 18 months: +11,000% gains in 14 months after the 2012 Halving, then +3,000% in 16 months following that of 2016, and finally +700% in 12 months after the Halving of May 2020.

Big players like BlackRock are aggressively accumulating BTC. In total, ETF issuers already hold more than 660,000 BTC. The mad race for BTC is therefore in full swing before the next Halving.

With such a buying frenzy and the inevitable contraction in supply, many ingredients are coming together to witness a new historic surge in prices after April 2024