In the grand theater of market uncertainty, where the shadows of doubt loom large, the price of Bitcoin (BTC) recently plummeted to a disheartening $77,000. Yet, like a phoenix rising from the ashes, it clawed its way back, gaining over 10% to reclaim the hallowed ground of $85,000. Ah, the drama! 🎭
But lo! Despite this valiant recovery, the heavy hand of market corrections has cast a pall of skepticism over the current bull run. The wise sages at IntoTheBlock, armed with their historical scrolls, whisper that the market peak may still be a distant mirage. 🧐
Related Reading: Bitcoin Funding Rate Turns Negative For The 7th Time in a Year – Every Previous Drop Led To Gains
Bitcoin Halving Cycles: A Comedy of Diminishing Returns
In their latest epistle, the analysts at IntoTheBlock have delved into the annals of Bitcoin’s history, revealing a tale of diminishing returns. Each halving, a sacred ritual where the miners’ rewards are halved, has led to a decline in post-halving gains. The first halving in November 2012 saw gains soaring to dizzying heights of 6,000% – 8,000%. Oh, how the mighty have fallen! Now, we are left with mere whispers of 600% gains after the third halving in May 2020. 😱
Indeed, the BTC market is a reflection of its own maturation, now standing as the eighth largest asset in the world. The current cycle has only mustered a peak gain of 60% post-halving. Yet, the seers at IntoTheBlock predict a maximum market gain of 50%-150%. More room for growth, they say! But will it be a grand ascent or a tragic fall? 🤔
BTC Price Peak: A Crystal Ball for H2 2025?
According to the oracles at IntoTheBlock, Bitcoin typically reaches its market peak 12-18 months after a halving. Thus, we await with bated breath for mid-2025 to late 2025, when the cryptocurrency may experience a significant appreciation. But beware! The winds of change are blowing, with institutional interest and US tariff policies stirring the pot. At present, Bitcoin trades at $84,391, a decline of 1.64% in the past week. Will it rise again, or is this the beginning of the end? 🥴
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2025-03-16 04:42