Bitcoin price could surge to $150,000 by 2025
An analyst has made a prediction based on BTC’s historical price action after halving events, suggesting that the price of the flagship cryptocurrency could surge to the $156,000 mark by May 2025.
A Bitcoin halving means that the Coinbase reward miners receive for each block they mine will be cut in half, effectively cutting the amount of new supply entering the market by half. The analysis revealed a striking trend. After the first halving in 2012, Bitcoin’s price surged by a staggering 8,300%.
The second halving in 2016 saw a more modest but still impressive increase of 288%. The most recent halving in 2020 triggered a surge of 540% in a single year, with the most recent halving occurring in April of this year.
Taking all of this into account, the analyst believes that Bitcoin’s price could surge 127% from its halving levels to between $115,000 and $156,000.
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