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Future expectations Bitcoin There is a lot of interest in the halving event in the crypto community, with expectations that BTC will witness a massive rally after the event. Nevertheless, some important factors should be considered before halving.
Key considerations for the impending Bitcoin halving
Renowned crypto analyst Ali Martinez has revealed key points that investors should keep in mind ahead of Bitcoin’s halving.Analyst share His opinion on the matter was made public through social media platform X (formerly Twitter).
In the X post, Martinez pointed out just four important factors to consider as the event approaches.from now on cut in halfThis event will be held for the fourth time, and is scheduled to be held by April this year.
One of the first key areas that Martinez pointed out was the correction after the Bitcoin halving. Martinez said that within a month of the 2020 and 2026 halvings, BTC saw a significant correction prior to this latest price spike.
He explained that within a month of the events of 2016, the price of Bitcoin fell by 30%. He also said a similar scenario played out during the 2020 halving, when prices plummeted by about 7%.
Bitcoin halving has always been seen as a bullish development leading to a significant increase in BTC price. This is mainly due to the fact that as demand increases, the amount of fresh BTC flowing into the market decreases.
As a second key point to note, Martinez highlighted the massive rebound following the halving. According to him, the price of Bitcoin typically rises sharply after the drop following a halving.
Specifically, experts claimed that after the halvings in 2012, 2016, and 2020, the price of Bitcoin soared by 11,000%, 2,850%, and 700%, respectively. For this reason, many experts predict that: BTC price The price is expected to reach a new all-time high after the event ends.
Major changes in the market
The third important aspect for Martinez to consider is the duration of the bull market. As is widely known, previous halving events always lead to a bull market.
He then shared a calculation of how long the market has rallied during previous halvings. Martinez said the 2012, 2016 and 2020 bull markets lasted 365, 518 and 549 days, respectively.
On the other hand, the last part pointed out by experts will be the next top price. He believes Bitcoin will reach new highs by April or October 2025. Martinez expects this to happen only if future events continue. historical pattern. He therefore urged the crypto community to be vigilant and observe these patterns.
At the moment, BTC is trading just above $42,000, marking a drop of almost 2% over the past 24 hours. Currently, trading volume has increased by 14%, but market capitalization has decreased by 1.90%.
Featured image from iStock, chart from Tradingview.com