Bitcoin Bull Run Continues: Expert Predicts Peak in Late 2021
CryptoNewsTerminal Staff21 Aug, 2024
Bitcoin Bull Run Continues: Expert Predicts Peak in Late 2021
Bitcoin is still in the early stages of a bull market, according to technical analyst CryptoCon. He analyzed the four-year halving cycle and predicted that BTC will reach its peak by the end of next year. The halving cycle is a major event in the Bitcoin market that occurs every four years. It is when the block reward for mining Bitcoin is cut in half. This event has a significant impact on the price of Bitcoin, as it reduces the supply of new Bitcoins entering the market. CryptoCon believes that BTC is following a similar pattern to previous halving cycles. He notes that BTC saw a bull run earlier than previous halving cycle patterns this halving season. Based on this, he predicts that BTC will enter an uptrend again and reach its peak by the end of next year. This prediction is in line with other bullish predictions for Bitcoin. Many analysts believe that BTC is on track to reach new all-time highs in the coming months. However, it is important to note that all investments come with risk, and investors should always do their own research before making any investment decisions.
