Famous Analyst: If Bitcoin Experiences the Same as 2020, It Will Be 280 Thousand Dollars Next Year!


Famous on-chain analyst Charles Edwards pointed to the level that the price could reach after the Bitcoin (BTC) halving.

In a social media post on Feb. 5, Charles Edwards looked at past Bitcoin halvings and predicted a halving in a few months' time.

The analyst predicted that if the same effect seen in previous halvings is seen in this halving, the price of Bitcoin could reach $280,000 next year. In the data presented by Edwards, it was pointed out that there was a 550% increase in the post-halving period last year.
On the other hand, stating that there was an increase of 2,089% after the halving in 2016 and an increase of 8,966% after the halving in 2021, the experienced name pointed out that the strength of the rise decreases with each halving:
If Bitcoin's post-halving returns are the same as in 2020, we could see a price of $280K next year. You could reasonably argue that the returns of this cycle are less than in 2020. However, I think the performance in 2020 was mediocre and outlier.

#ContentStar# #Gate post Highlights#
#HotTopicDiscussion# #BountyCreator#
#GateLive#
BTC-0.24%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 11
  • Repost
  • Share
Comment
0/400
Boxerqueenvip
· 2024-02-07 17:29
Thank you my dear 🌹🌹🌹🥰💖To Da Moon 🌕
Reply1
RarityTrendsvip
· 2024-02-07 15:20
Thank you so much for this important informations ✨ honored to follow you 🙌💐💐
Reply1
View More
Asiftahsinvip
· 2024-02-07 14:31
thank you so much for the information
Reply1
GateUser-27c9def8vip
· 2024-02-07 07:55
Ambush hundredfold coins 📈
View OriginalReply1
ElmaSirkesivip
· 2024-02-07 07:44
BUY 🤑 THE Dip
View OriginalReply1
TANRIBUYURDUvip
· 2024-02-07 07:43
Catch the trend and make a huge profit in ✌️ 2024
View OriginalReply1
Bardesulevip
· 2024-02-07 07:14
Buy the Dip 🤑
Reply1
RunningDogvip
· 2024-02-07 06:43
Grasp the trend and make a big profit in 2024 ✌️
View OriginalReply1
Nunu123vip
· 2024-02-07 05:14
New Year, New Gains! 🤑
Reply1
Ryakpandavip
· 2024-02-07 03:37
Persistence is victory ✌🏻
View OriginalReply1
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)