Shiba Inu team member Lucie’s prediction about how Bitcoin’s price might go has caused a lot of excitement. Lucie’s research shows that the next bull run might happen in just a few months, based on trends seen after Bitcoin halves in the past.
In the past, major rising markets followed Bitcoin’s halving events. When the number of bitcoins being made is halved, the BTC supply goes down, which often drives prices up.
Bitcoin Halving Impact Trends
Lucie says that these kinds of spikes usually happen 4 to 6 months after a halving event. A bull run began about a year after the halving in 2012; major gains occurred about six months after the halving in 2016, and the same thing happened five to six months after the halving in 2020.
The most recent halving of Bitcoin happened in April 2024. Based on Lucie’s research, a price rise may be coming soon, as has happened in the past. However, she cautions that although historical data can be beneficial, various factors such as adoption rates, macroeconomic trends, and public opinion can influence the market.
Julio Moreno, Head of Research at CryptoQuant, says that BTC’s performance in 2024 will be similar to years after halving, with bearish trends moving toward a possible rise in Q4. This is more positive news.
CryptoQuant CEO Ki Young Ju agrees with this opinion. He thinks that there will be a strong bull rally starting in Q4 2024, saying that “we won’t let Q4 be boring with a flat YoY performance.”
Bitcoin is now worth $60,679, which is 1.79% more than it was 24 hours ago. Shiba Inu, on the other hand, has gone up 5%, hitting $0.00001433. Because of these events, the crypto community is still on edge and looking closely for signs of a possible bull run.
