Bitcoin price prediction model running ‘like clockwork’ as crypto enters unchartered territory.

Bitcoin has hit another all-time high this week, leaving analysts and investors speculating on when this latest price rally will finally peak.

The world’s leading cryptocurrency has risen more than 70 per cent since 1 January, reaching above $70,000 for the first time in its 15-year history. It builds on gains of more than 150 per cent last year, which saw it rise up from below $17,000 at the start of 2023.

More significantly, according to some crypto market analysts, is an upcoming event known as the ‘halving’, which will see the rewards for mining the cryptocurrency cut in half.

Scheduled to take place on 19 April, previous halving events have historically preceded record-breaking rallies. Taking place roughly every four years, the reduction in supply is believed by some to be fundamental to bitcoin’s quadrennial price cycles. $BTC #HotTrends #Halving