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07 February 2024
An analyst predicted the duration of the Bitcoin rally after the halving.
07
February
2024

If historical trends associated with the upcoming halving repeat, according to an analyst named Ali, Bitcoin is expected to set a new all-time high (ATH) from April to October 2025. He also put forward three other observations regarding the halving of miner rewards:

–After the halvings in 2016 and 2020, the Bitcoin price experienced corrections of 30% and 7% respectively within a month.

–Analyzing a broader picture, rallies of 11,000%, 2,850%, and 700% were observed in 2012, 2016, and 2020, respectively, after the events.

–The duration of the bull market after the halvings was 365, 518, and 549 days, respectively.

The analyst separately noted a prolonged period of coin accumulation, spanning almost three years. According to his data, the Accumulation Trend Score indicator has been fluctuating near 1 over the last four months, indicating, in his opinion, strong confidence among major players.