What are the Bitcoin Halving Price Predictions for 2024?
As the Bitcoin halving dates approach, there's always an increase in different price predictions online and within various social crypto circles.
It's worth pointing out that, with the cryptocurrency market being so volatile and unpredictable, you could really state any number and think of a reason why it's feasible for BTC to hit that price range. Thus, any and all price predictions should be viewed with a massive grain of salt and as nothing more than entertainment.
That being said, let's take a look at how much the BTC price rose during the past Bitcoin halvings, percentage-wise.
Between the first and the second halving, BTC started at around $12 and rose to over $1,200. This is an increase of 10,000%!
Between the second and the third halving, BTC lingered at around the $650 mark. Then, after the halving happened, it peaked at nearly $19,000 - an increase of over 2,900%.
The last halving saw a BTC price increase of a "measly" 750%, from around $9,000 to nearly $70,000.
Judging by the numbers provided above, the percentage of how much the price increases each halving seems to shrink 3.5-3.9 times from the previous number. So, following that logic, the BTC price prediction for the 2024 halving could be an increase of approximately 200% from its lowest point.
Such predictions are less-than-optimistic - that's true. However, allow me to reiterate an earlier point - all of this is just for entertainment purposes, and BTC price predictions shouldn't ever be taken seriously!
