Bitcoin's historical cycle indicates a significant rally in 2025, following a drop in price.
From Investing.com
September 8, 2024 3:30 pm:
A recent analysis by IntoTheBlock suggests a significant rally for Bitcoin in 2025 based on historical cycles. The average duration between Bitcoin’s halving events and peak is 480 days, pointing to a summer 2025 peak after the last halving in April 2024.
Bitcoin’s halving events reduce mining rewards by half every four years. The last halving in April 2024 saw the block reward decrease from 6.25 BTC to 3.125 BTC. This leads to increased demand and substantial price increases historically.
Bitcoin’s price has dropped 12% from its halving price, but past cycles show periods of consolidation before significant rallies. The current behavior indicates a potential accumulation phase for investors and institutions bracing for a surge.
Despite a 8% drop in September, Bitcoin typically sees increases in October, dubbed “Uptober.” Since 2013, September has been the worst month for Bitcoin, but it is often followed by gains in October and November in the overall crypto market trend.
Read more at Investing.com: Bitcoin Historical Cycle Predicts Massive Rally in 2025: Details By U.Today