The post When Will Bitcoin (BTC) Price Hit ATH: Analyst Predicts Timeline appeared first on Coinpedia Fintech News
With Bitcoin (BTC) surging beyond the significant psychological barrier of $38,000 and maintaining its upward momentum, a prominent analyst Mag has shared insights into the potential timeline for Bitcoin reaching a new All-Time High (ATH). Perhaps, Mag’s predictions are based on historical cycles observed in Bitcoin’s price movements.
Bitcoin Halving Historical Cycles
According to the tweet, Mag highlights the historical trend of Bitcoin taking approximately 234 to 216 days to surpass its previous ATH in the last two cycles. However, this data provides a valuable context for understanding the potential trajectory of Bitcoin’s price in the coming months.
When #Bitcoin New ATH ?
In previous two cycles $BTC took 234 – 216 days to break above its previous ATH
With the Bitcoin Halving just 130 days away, adding 234 days post-halving brings us to a total of 364 days
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