{"id":604319,"date":"2024-04-21T10:30:53","date_gmt":"2024-04-21T10:30:53","guid":{"rendered":"https:\/\/ktsl888.com\/?p=604319"},"modified":"2024-06-11T07:01:19","modified_gmt":"2024-06-11T07:01:19","slug":"bitcoin-tipped-to-attain-six-figure-value-following-fourth-halving-details","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-tipped-to-attain-six-figure-value-following-fourth-halving-details\/","title":{"rendered":"Bitcoin Tipped To Attain Six-Figure Value Following Fourth Halving – Details"},"content":{"rendered":"

With the Bitcoin halving event now completed<\/a>, analysts and market experts turn their attention to a much-anticipated bull run based on historical trends in the BTC market. In particular, a crypto analyst with the X handle ecoinometrics has tipped the maiden cryptocurrency to at least achieve a six-figure in the current bull cycle.
\n<\/span><\/p>\n

Related Reading: Battle For The Halving Block: Bitcoin Users Spend Record $2.4 Million On Block 840,000<\/a><\/div>\n

How High Can Bitcoin Rise Post Halving?\u00a0<\/strong><\/h2>\n

In an X post on Saturday<\/a>, ecoinometrics shared a strong bullish prediction of Bitcoin price following the fourth halving event on April 19. The crypto analyst stated that if\u00a0 BTC produced a similar growth pattern seen in previous bull cycles, its market price would likely range between $140,000 – $4,500,000.\u00a0<\/span><\/p>\n

For context, the bull run, which forms the latter part of the Bitcoin bull cycle, occurs in the months following the halving event, according to BTC\u2019s price history. During this period, the market leader is known to record massive price gains, as seen after previous halvings in 2012 (7,592.30%), 2016 (1,818.8%), and 2020.<\/span><\/p>\n

\n

Price range for Bitcoin in the 4th halving cycle:<\/p>\n

upper bound ~ $4,500,000
\nlower bound ~ $140,000<\/p>\n

That is *if* Bitcoin ends up following a growth trajectory in the range of the previous cycles. pic.twitter.com\/s93yldJEI0<\/a><\/p>\n

\u2014 ecoinometrics (@ecoinometrics) April 20, 2024<\/a><\/p><\/blockquote>\n

Ecoinometrics stated that a repeat of such positive performance could see Bitcoin trade as high as $ 4,500,000 per unit. However, other speculators have attacked this prediction, believing BTC will likely soon experience some level of diminishing returns. Thus, such a high price level seems unfeasible.<\/span><\/p>\n

In response, ecoinometrics stated that Bitcoin currently operates similarly to \u201cmegacap tech stocks\u201d, which have shown notable defiance to this economic theory. However, the analyst acknowledged that $4,500,000 may be an unrealistic price target for BTC, but there is much confidence that the digital asset will achieve a mid-six-figure value.<\/span><\/p>\n

Related Reading: Polkadot Unveils Major Upgrade Plan: Relay Chain Replacement And 10M DOT Prize Incentive<\/a><\/div>\n

Bitcoin Price Overview<\/strong><\/h2>\n

Bitcoin is currently trading at $65,043, with a modest 2.21% gain over the last 24 hours. However, its daily trading volume has declined massively, falling by 52.88% to a substantial $21.62 billion, underscoring decreased market activity and investor interest.\u00a0<\/span><\/p>\n

Over the past week, Bitcoin has also shown fair improvement resulting in a total gain of 1.86%. However, despite these recent gains, the monthly chart reflects a decline of 4.16%, following some significant price dips and massive liquidations<\/a> in the past week.\u00a0<\/span><\/p>\n

On a larger scale, Bitcoin remains quite impressive, with its year-to-date growth percentage of 131.69%. With a market cap value of\u00a0 $1.28 trillion, the premier cryptocurrency remains the largest digital asset in the world.<\/span><\/p>\n

\"Bitcoin\"BTC trading at $65,270.47 on the daily chart | Source: BTCUSDT chart on Tradingiew.com<\/a>\r\n<\/span><\/pre>\n
Featured image from iStock, chart from Tradingview<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
With the Bitcoin halving event now completed, analysts and market experts turn their attention to a much-anticipated bull run based on historical trends in the BTC market. In particular, a crypto analyst with the X handle ecoinometrics has tipped the maiden cryptocurrency to at least achieve a six-figure in the current bull cycle. Related Reading: Battle For The Halving Block: Bitcoin Users Spend Record $2.4 Million On Block 840,000 How High Can Bitcoin Rise Post Halving?\u00a0 In an X post on Saturday, ecoinometrics shared a strong bullish prediction of Bitcoin price following the fourth halving event on April 19. The crypto analyst stated that if\u00a0 BTC produced a similar growth pattern seen in previous bull cycles, its market price would likely range between $140,000 – $4,500,000.\u00a0 For context, the bull run, which forms the latter part of the Bitcoin bull cycle, occurs in the months following the halving event, according to BTC\u2019s price history. During this period, the market leader is known to record massive price gains, as seen after previous halvings in 2012 (7,592.30%), 2016 (1,818.8%), and 2020. Price range for Bitcoin in the 4th halving cycle: upper bound ~ $4,500,000 lower bound ~ $140,000 That is *if* Bitcoin ends up following a growth trajectory in the range of the previous cycles. pic.twitter.com\/s93yldJEI0 \u2014 ecoinometrics (@ecoinometrics) April 20, 2024 Ecoinometrics stated that a repeat of such positive performance could see Bitcoin trade as high as $ 4,500,000 per unit. However, other speculators have attacked this prediction, believing BTC will likely soon experience some level of diminishing returns. Thus, such a high price level seems unfeasible. In response, ecoinometrics stated that Bitcoin currently operates similarly to \u201cmegacap tech stocks\u201d, which have shown notable defiance to this economic theory. However, the analyst acknowledged that $4,500,000 may be an unrealistic price target for BTC, but there is much confidence that the digital asset will achieve a mid-six-figure value. Related Reading: Polkadot Unveils Major Upgrade Plan: Relay Chain Replacement And 10M DOT Prize Incentive Bitcoin Price Overview Bitcoin is currently trading at $65,043, with a modest 2.21% gain over the last 24 hours. However, its daily trading volume has declined massively, falling by 52.88% to a substantial $21.62 billion, underscoring decreased market activity and investor interest.\u00a0 Over the past week, Bitcoin has also shown fair improvement resulting in a total gain of 1.86%. However, despite these recent gains, the monthly chart reflects a decline of 4.16%, following some significant price dips and massive liquidations in the past week.\u00a0 On a larger scale, Bitcoin remains quite impressive, with its year-to-date growth percentage of 131.69%. With a market cap value of\u00a0 $1.28 trillion, the premier cryptocurrency remains the largest digital asset in the world. BTC trading at $65,270.47 on the daily chart | Source: BTCUSDT chart on Tradingiew.com Featured image from iStock, chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":604320,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,87428,1144,8545,92131],"class_list":["post-604319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-btcusdt-ftx-crypto","tag-btcusd","tag-btcusd-technical-analysis","tag-bullish-prediction"],"acf":[],"yoast_head":"\nBitcoin Tipped To Attain Six-Figure Value Following Fourth Halving - Details<\/title>\n<meta name=\"description\" content=\"A crypto analyst on X has tipped the Bitcoin to at least achieve a six-figure over in the current bull cycle.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/bitcoin-tipped-to-attain-six-figure-value-following-fourth-halving-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Tipped To Attain Six-Figure Value Following Fourth Halving - 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Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. 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His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. 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