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CDS Crypto News This upcoming Bitcoin halving is unlikely to deviate from past patterns

Crypto News

This upcoming Bitcoin halving is unlikely to deviate from past patterns

PlanB maintains that BTC will climb to $100,000 this year following the halving, with a projected surge to over $300,000 by 2025.

sevval18/04/20241 Mins read335

This Upcoming Bitcoin Halving Is Unlikely To Deviate From Past Patterns

Crypto News– Despite the prevailing sentiment within the crypto community, analyst PlanB, known for creating the Bitcoin Stock-to-Flow (S2F) model, holds the view that the upcoming halving event will not diverge from historical trends.

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This upcoming Bitcoin halving is unlikely to deviate from past patterns

In a recent tweet, PlanB reiterated his belief that Bitcoin’s price will likely follow a similar trajectory as previous halving cycles.

This halving event is expected to follow the same pattern as previous ones

In recent weeks, numerous analysts and members of the crypto community have expressed uncertainty regarding the potential impact of the upcoming halving event on Bitcoin (BTC) and its market value. This uncertainty has arisen because BTC reached an all-time high about a month before the halving.

Historically, Bitcoin’s all-time highs have typically occurred after the halving, as the event reduces BTC supply and slows down production due to the halving of miners’ block rewards by 50%. However, the strong demand for United States spot Bitcoin exchange-traded funds (ETFs) launched in January propelled BTC beyond its previous peak of $69,000 in November 2021, reaching a new high of $73,700 in mid-March.

At present, it remains unclear how much BTC will rally following the halving and whether its gains will be significant compared to previous events.

16 April Crypto News- What Happened Crypto Markets Today

Sources:cryptopotato

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sevval

Şevval has been actively writing since 2022 and is a third-year mathematics student at Ankara University. Her interest in writing is shaped particularly around innovative technologies such as Web3, artificial intelligence, and blockchain. She closely follows developments in these fields and aims to convey complex topics to readers in a clear and engaging manner. She enjoys combining her mathematical knowledge with technology to create content and strives to raise awareness about the digital world of the future.

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