$BTC #HalvingHorizons

According to CoinLedger's analysis, it is estimated that Bitcoin's price could reach $360,000 a year after its halving in 2024. This prediction is based on price increases following past halving events.

By examining the post-halving price increases in 2012, 2016 and 2020, CoinLedger calculated the potential valuation of the Bitcoin price after the halving in 2024.

Considering the increases in Bitcoin price after the 2012, 2016 and 2020 halving, a similar price increase can be expected within a year after the 2024 halving.

3 and 6 Month Price Forecast After Halving

According to CoinLedger's analysis, considering the price increases that Bitcoin has experienced following past halving events, it is estimated that its price may rise significantly after the halving event expected in 2024. The price increases observed after the 2016 and 2020 halvings are as follows:

Three months after the 2016 halving, the price of #Bitcoin increased by 10.99% from $650 on the day of the halving to $722.

Three months after the 2020 halving, the price increased by 32.91% from $ 8,572 to $ 11,393.

The average increase in these two events is calculated as 21.95%. If Bitcoin follows this average increase rate three months after the 2024 halving, its price could reach approximately $84,145, based on its price of $69,000 on the day of the halving.

Six months after the 2016 halving, Bitcoin price increased by 51.57% to $986.

Six months after the 2020 halving, the price reached $15,702, an increase of 83.17%.

This indicates an average price increase of 67.73% six months after the last two halvings. If Bitcoin continues this trend, its price could rise to around $115,733 six months after the 2024 halving.

Bitcoin Will Reach $360,000 in 2025