Analysis of the next Bitcoin halving: towards the million dollar BTC mark!
After the second Halving of 2016:
– Bitcoin price skyrocketed from $650.00 to $8,800.
During the third Halving in 2020:
- The price of Bitcoin went from $8,200.00 (in May) to $69,000.00 (in April 2020).
The fourth halving is approaching in 32 days:
- Potential price increase ranges from $69,000 to $350,000 per Bitcoin!
- By 2028, a fifth halving could push the price of Bitcoin to $1 million.
Post-halving multipliers:
- Second halving: x13.5
- Third halving: x8.5
- Fourth halving (expected): x5
Forecasts:
- The current price of $67,000 for Bitcoin could reach $350,000 by the end of the year and $400,000 by spring 2025.
- By 2028, a fifth halving could push the price of Bitcoin to $1 million.
