Cryptocurrency News: Analyst Predicts Bitcoin Bullishness Just Beginning, Points to 300 Days Later!
According to Andre Dragosch, the head of research at ETC Group, historical data indicates that the positive impact of Bitcoin halving typically occurs after 100 days.
Bitcoin, the leading cryptocurrency, faced significant setbacks following its all-time high in March, dropping to $53,000 levels. However, a strong recovery in recent weeks saw BTC nearing $70,000 after a supportive speech by Donald Trump at the Bitcoin 2024 Conference.
While many analysts attribute the shift in investor sentiment to Trump’s endorsement, Dragosch offered a more technical explanation for the rise. He noted that exactly 100 days have passed since the Bitcoin halving in April, with historical data pointing to a delayed bullish effect of the halving.
Expecting Bitcoin’s upward momentum to intensify, Dragosch suggested that the real surge may occur around 400 days after the halving. By analyzing performance data before and after halvings in 2012, 2016, and 2020, he concluded that the bullish impact tends to manifest after 100 days.
Dragosch emphasized that BTC’s rise typically accelerates post-halving, with the T value surpassing 2 after 100 days and peaking at 400 days. According to his analysis, the halving-induced bull trend is just starting to take shape and is projected to peak around the 400th day post-halving.
With 100 days already passed, Dragosch’s chart suggests that there are 300 days remaining until the anticipated surge, roughly equivalent to 10 months, aligning with May 2025.
*Disclaimer: This is not investment advice.
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