Bitcoin (BTC) could be gearing up its last explosive rally of a four-year market cycle, which traditionally kicks off at the beginning of a halving event and culminates just before the next one. A crypto analyst has boldly predicted that the price of Bitcoin could surge to $200,000 and above, marking new All-Time Highs (ATHs) and the peak of the long-awaited bull market.
Bitcoin Enters Final Pump Stage
On September 19, ‘Stockmoney Lizards,’ a crypto analyst took to X (formerly Twitter) to discuss his new prediction about the crypto market, particularly zeroing in on the cyclical nature of Bitcoin’s price movements and its halving events.
The analyst believes the market is currently at the start of the “final pump of the Bitcoin bull cycle.” Based on historical trend patterns following past halving events, Stockmoney Lizards has stated that he has high expectations that Bitcoin will reach its cycle top between September and October 2024. Cycle top here
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