RATE Group | Bitcoin To Explode By 80% Before Halving According to Past Cycle Comparison
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Bitcoin To Explode By 80% Before Halving According to Past Cycle Comparison

21 Feb Bitcoin To Explode By 80% Before Halving According to Past Cycle Comparison

Posted at 19:57h in Bitcoin News by

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Bitcoin and other cryptocurrencies are having a strong year thus far, however, the rally is only expected to continue with the asset’s halving on the horizon this May. But how much could Bitcoin spike ahead of the monumental event?

According to historical analysis of previous market cycles in comparison to where the market may be right now, it suggests that the first-ever cryptocurrency is ready to surge another over 80% prior to the halving.

Bitcoin Price Ready for Another 80% Rally After Latest Pullback

The crypto market sentiment index has recently begun to teeter back toward fear from the extreme greed reached last week as Bitcoin surged above $10,000 for the first time in 2020.

The important level failed to hold, causing the fifth-largest one-hour drop in Bitcoin’s history ever recorded.

Related Reading | Bitcoin Halving Overhyped: Previous Cycle Led to Another 6-Month Crypto Winter 

The crash took the price of the first-ever cryptocurrency back to $9,300, where it has…

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