Most recently, after the last halving event in May 2020, Bitcoin eventually reached its all-time high of $68,790 in November 2021. And the story was largely the same back in 2012 and 2016, when halving events catalyzed impressive bull market rallies.
Only ~150 days until the next #Bitcoin2024 halving 💥
Thus, any Bitcoin pricing model that relies on past data is probably going to tell you that Bitcoin is going to rally again in 2024. For example, crypto hedge fund Pantera Capital has analyzed the three previous Bitcoin halvings, crunched all the data, and concluded that Bitcoin is likely to surge to $36,000 by April 2024 before exploding in value to $149,000.
But remember: Past performance is no guarantee of future performance. And keep in mind that during the 2020 Bitcoin halving event, a lot of stimulus money was sloshing around a zero-interest-rate economy, and worldwide lockdowns were the norm.
