According to Kevin Svenson's calculations, bitcoin will reach a new peak in the next six months. The analyst justified his forecast by the previous movement of the bitcoin exchange rate after previous cuts in the reward to miners by half. Historically, bitcoin peaked 40-80 weeks after halving, the analyst says.
Halving in 2024 should match this model, and in January 2025 bitcoin will reach higher levels, Swanson is sure. This period not only corresponds to the historical indicators of BTC, but also coincides with the month of the inauguration of the US president after the November elections. According to the analyst, this is an important coincidence that will have a good effect on the bitcoin exchange rate.
Bitcoin may exceed expectations. The market is quite capable of experiencing significant growth until January 2025, therefore, strong volatility should not be ruled out in the coming months, the analyst warned. If bitcoin trades sideways for a long period, then the first cryptocurrency will peak only after January.
Earlier, analysts at the Bitfinex cryptocurrency exchange suggested that after halving, demand for bitcoin would exceed supply by five times, as the daily volume of coin issuance began to decrease. Pantera Capital experts predict that by July 2025, the bitcoin exchange rate will rise to $150,000.