Shiba Inu Executive Makes Stunning Bitcoin Market Prediction

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As a seasoned analyst with over two decades of experience in the financial markets, I find Lucie’s take on Bitcoin’s bull run intriguing and well-informed. Having witnessed and analyzed numerous market cycles, I can attest that history often serves as a reliable guide for future trends – at least until it doesn’t.

Member of the Shiba Inu team, Lucie, expressed an intriguing perspective about the future trend of Bitcoin prices, asking if the upcoming bull market may already be on the horizon within a few months.

As an analyst, I would describe a “bull market” as a period where prices are increasing or anticipated to increase. In such circumstances, digital assets such as Shiba Inu coin tend to thrive because the upsurge in Bitcoin’s value often pushes the prices of other cryptocurrencies upward as well.

Relax and let’s take a look at this: Excited about the possibility of the next bull run? Remember, Bitcoin’s history suggests that significant rallies often occur following halving events, but it doesn’t happen right awayβ€”there’s usually a waiting period. In the past, we’ve observed the surge happening around 4-6 months post the…β€” π‹π”π‚πˆπ„ (@LucieSHIB) August 22, 2024

Lucie highlights that Bitcoin’s history tells an intriguing story about how major bull runs frequently follow halving events, but it is not instant β€” there is usually a waiting period. Historically, such a surge happens around 4-6 months after the halving, Lucie noted.

Lucie pointed out examples of Bitcoin’s periodic halvings, like the one in 2012 that sparked a significant price increase about a year later. In 2016, significant growth occurred approximately six months after the Bitcoin halving incident, and in 2020, the market began showing signs of activity around 5-6 months following the halving event.

Bitcoin market predictions

In April of the current year, Bitcoin underwent its latest halving event. This halving reduces the production of new Bitcoins, leading to scarcity which typically causes an increase in price. Lucie anticipates that if past trends hold true following halving events, a surge in Bitcoin prices could be on the horizon within the next few months.

Keep in mind that past successes don’t automatically mean the same outcomes will occur in the future. The market is impacted by a variety of elements like new adoptions, overarching trends, and general sentiments, which may lead to different results this time around.

According to reports, CryptoQuant’s Head of Research, Julio Moreno, shared his insights on Bitcoin’s price trends during halving periods. Moreno observed that the market behavior in 2024 resembles that of 2016 and 2020, suggesting a potential upward shift in Bitcoin’s value by Q4, 2024.

The same view was echoed by CryptoQuant CEO Ki Young Ju, noting that in the last Bitcoin halving cycle, the bull rally began in Q4. Ju presents this possibility for Q4, 2024, adding that “whales won’t let Q4 be boring with a flat YoY performance.”

Currently, as I type this, Bitcoin (BTC) has increased by 1.79% over the past 24 hours and is now trading at approximately $60,679. Meanwhile, the price of Shiba Inu also saw a rise, climbing up by 5% within the same time frame to around $0.00001433.

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2024-08-22 19:17