Bitcoin Halving 2024!! What It Means For YOUR Crypto Portfolio!
Published: 2024-04-18
Status:
Available
|
Analyzed
Published: 2024-04-18
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Bitcoin's price has experienced exponential growth.
"this means that btc's price has gone exponential"
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The video will discuss potential price targets for Bitcoin after the current halving.
"this begs the question of How High BTC will go after the current harving"
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Following the November 2012 halving, Bitcoin's price increased by approximately 40%, from $10 to $14.
"after the first harving in November 2012 BTC rallied by around 40% specifically from $10 to around $14"
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After the July 2016 halving, Bitcoin's price dropped by approximately 40%, from around $770 to $470.
"after the second Haring in July 2016 BTC crashed by 40% specifically from around $770 to around $470"
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Following the May 2020 halving, Bitcoin's price rose by approximately 10%, from around $8700 to $9700.
"and after the Haring in May 2020 btc's price Rose roughly 10% specifically from around $8700 to around $9,700"
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Approximately one year after the November 2012 halving, Bitcoin reached an all-time high of over $1,100 on November 23rd.
"roughly one year after the Bitcoin harving in November 2012 BTC hit an all-time high of over $1,100 specifically in November 23rd"
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About 1.5 years after the July 2016 halving, Bitcoin reached an all-time high of nearly $20,000 in December 2017.
"roughly one year and a half after the Bitcoin harving in July 2016 BTC hit an alltime high of almost $20,000 specifically in December 2017"
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About 1.5 years after the May 2020 halving, Bitcoin reached an all-time high of nearly $70,000 in November 2021.
"similarly roughly 1 year and a half after the Bitcoin harving in May 2020 BTC hit an all-time high of almost $70,000 specifically in November 2021"
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Bitcoin is predicted to reach a peak of approximately 2.5 times its current price.
"this means that BTC will Top out at around 2.5x relative to its current price"
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If a specific market theory holds true, Bitcoin's price cycle top could occur next spring.
"suggests that BTC will hit its top sometime next spring"
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Alternatively, if another market theory is correct, Bitcoin's price cycle top might occur next summer or autumn.
"suggests that BTC will hit its top sometime next summer or Autumn"
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The estimated timeframe for Bitcoin's next cycle top is between April 2025 and October 2025.
"provides a range within which the BTC top could occur specifically between April 2025 and October 2025"
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The typical significant post-cycle drawdown for Bitcoin may be reduced due to increased institutional holding.
"it's possible that this draw down will be much lower once more experienced hands start holding more BTC"
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A substantial Bitcoin purchase by a major central bank is predicted to be the catalyst for Bitcoin's price peak.
"it's quite possible that a big BTC buy by a major Central Bank will be the Catalyst that will Mark the top of btc's price"
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Bitcoin's market dominance decreased by approximately 4% following the second halving in July 2016.
"BTC dominance fell roughly 4% after the second Bitcoin harving in July 2016"
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During the 2017 crypto bull market, Bitcoin's dominance plummeted by 60%, reaching about 40% of the total crypto market capitalization.
"BTC dominance fell sharply during the 2017 Crypt bull market specifically by 60% down to around 40% of the total crypto market cap"
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Following the third halving in May 2020, Bitcoin's dominance experienced a decline of 14%.
"after the third Bitcoin harving in May 2020 BTC dominance likewise saw a decline specifically by 14%"
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During the 2021 crypto bull market, Bitcoin's dominance dropped by approximately 35%, reaching about 40% of the total crypto market cap.
"BTC dominance fell sharply during the 2021 crypto bull market specifically by around 35% down to around 40% of the total crypto market cap"
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Bitcoin's dominance is predicted to drop by as much as 40% after the halving.
"it suggests that BTC could see a big drop in dominance of up to 40% after the harving"
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As the next cycle top approaches, Bitcoin's dominance is expected to see a smaller drop of around 10%.
"but could see a much smaller drop in dominance of around 10% as we approach the next cycle top"
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Ethereum's price is anticipated to rise significantly upon the approval of spot Ethereum ETFs.
"eths will run once spot ethereum ETFs are approved"
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Central banks will be permitted to allocate up to 2% of their balance sheets to cryptocurrency starting January 1, 2025.
"central banks will be allowed to hold up to 2% of their balance sheets in crypto starting from the 1st of January 2025"
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Large-cap altcoins are projected to increase in value by approximately 5 times.
"large cap altcoins should eventually go up by around 5x"
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Mid-cap altcoins are expected to see gains of around 10 times.
"some midcaps should eventually go up by around 10x"
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Small-cap altcoins are predicted to experience a potential increase of up to 20 times.
"and some small caps should eventually go up by around 20x"
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