BTC Poised to Hit $150K by Year's End, Echoing Historical Halving Patterns
CryptoNewsTerminal Staff19 Sep, 2024
BTC Poised to Hit $150K by Year's End, Echoing Historical Halving Patterns
Bitcoin (BTC) could be on track to reach $150,000 by the end of the year, according to an analysis by Coindesk. The analysis cites data from on-chain data analytics provider Glassnode, which shows that BTC has rallied by 309% and 251% in the post-halving bull cycles that followed the previous two halving schedules. If BTC follows a similar pattern, it could reach $108,000 to $155,000 by year-end. Currently, BTC is up roughly 290% since its low in November 2022, despite experiencing a protracted downtrend since March.
