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IntoTheBlock betting on BTC’s stunning rally in 2025
13-09-2024 14:25
IntoTheBlock betting on BTC’s stunning rally in 2025
IntoTheBlock betting on BTC’s stunning rally in 2025

The crypto market is on the verge of an unprecedented roller coaster. This forecast was presented by analysts at IntoTheBlock. Experts are anticipating a stunning Bitcoin rally next year. This realistic scenario is based on Bitcoin’s historical cycles.

Having done the research, IntoTheBlock experts concluded that the flagship cryptocurrency is set for a rapid rally in 2025. According to their estimates, the average period between Bitcoin's halving and its subsequent peak is historically about 480 days. Based on this pattern, the number one crypto is expected to conquer the next peak in the summer of 2025.

You are aware that Bitcoin’s halving occurs every four years, slashing twice the reward for mining new blocks. The latest Bitcoin halving took place on April 20, 2024, at block height of 840,000. The block reward was reduced from 6.25 BTC to 3.125 BTC.

Halvings are typically followed by an explosive jump in market quotes, as the decrease in the supply of new Bitcoins to the market boosts demand.

In the current cycle, Bitcoin's price has tumbled by nearly 12%. Before the halving, the leading cryptocurrency was trading at $63,900. Analysts admit that the ongoing downtrend arouses concern in the short term, but this decline is not alarming. In previous cycles, there have also been periods of consolidation or minor declines in Bitcoin’s market quotes before the market gathered momentum for a substantial rally.

Experts assess the current market condition as an accumulation phase. In such situations, investors are preparing for a sharp surge. As of now, Bitcoin has dropped by 0.26% to $54,398 in recent days. Analysts note that September has historically been a tough month for US stocks and cryptocurrencies. This trend is mirrored in Bitcoin’s current performance.

Since early September, the first cryptocurrency has fallen by 8%, lower than the decade-long average drop of 5%. However, traders should not give up in despair: the September dip is commonly followed by a rise. In October, Bitcoin usually shows an upswing. Since 2013, Bitcoin’s average drop in September has been 5%, while in October it has jumped by 22%, and in November by 46%. The most popular crypto displayed exactly this trend during the bull market in 2021.

 

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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