Bitcoin price behavior after the halving event is of keen interest among investors and analysts alike. Prominent crypto trader Captain Fibig reveals a bold prediction about Bitcoin's trajectory, saying the correction phase is complete and a bullish surge toward the coveted $100,000 mark is on the horizon. suggested that there was.
$100,000 Bitcoin Eye
According to Crypto Faibik analysis, the 1-week BTCUSDT chart highlights a parabolic formation, which typically suggests an uptrend if a breakout occurs. This bullish signal is further supported by the identification of major bases in the chart, specifically base 3 and base 4.
According to Faibik's analysis, Base 3 indicates the stock could double in the short term. Similarly, Base 4 is also showing similar signs, and the price of Bitcoin could reach near $100,000 sooner or later.
However, crypto analyst Fibick warns that the price of Bitcoin could fall after reaching $100,000 as a cautionary tale. This may be due to profit taking by investors leading to price corrections.
past record
Similarly, well-known crypto trader Crypto Tea has hinted at a bullish rally for Bitcoin, pointing out similarities with previous Bitcoin halving events that caused significant price spikes.
Looking back at history, the 2012 halving marked the beginning of Bitcoin's meteoric rise, with its price increasing by a staggering 92 times after the halving. His subsequent halvings in 2016 and 2020 saw significant increases of 30x and 8x, respectively.
For the future
Based on past success, Crypto Tea expects Bitcoin prices to rise further. However, the extent of this surge post-halving remains to be seen, adding an interesting element to the unfolding market dynamics.
Bitcoin is currently trading around $65,094.87, and a predicted rally toward $100,000 could represent a significant price increase and potentially set new highs for the major cryptocurrencies.
