Citing CryptoSlate, Bitcoin's price is experiencing a pullback approximately 250 days after the April 2024 halving, echoing patterns seen after the May 2020 halving. The cryptocurrency has dropped around 13% in the past 48 hours, from an all-time high of $108,600 to $94,700. Historical data shows a similar retracement occurred in 2020, followed by a 140% increase over the next 290 days. If history repeats, Bitcoin could reach a new all-time high of $225,000 by October 2025. However, past performance does not guarantee future results. Market participants are closely monitoring liquidity, network activity, and exchange order books for signals. Satoshi Action has predicted Bitcoin could hit $1 million by 2027 due to growing adoption and global supply constraints. CryptoSlate emphasizes that the information provided is not investment advice and highlights the high-risk nature of cryptocurrency trading.
Bitcoin's 2024 Halving Mirrors 2020, Potential Rise to $225,000 by 2025
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