The famous analyst, considering the Bitcoin halving cycle, suggested that the $ 40,000 level in the next 18 months would be a “fair” level in his analysis.
Known for his analysis on cryptocurrencies “The rational rootHis Twitter account recently made statements about the price of Bitcoin. Analyst, where Bitcoin is now $20,000 historically, when halving data is examined, it has been suggested as an acceptable level.
Last 11 May 2020Mining reward per block in the Bitcoin network halving in 6.25 BTC level was reduced. The price of Bitcoin, which entered the halving after the global collapse in March 2020 with the pandemic, was about $ 8,000 at that time.
In the chart where the analyst marked the halving dates in the past, the Bitcoin price always “fairHe pointed out that it was positioned very close to the level he described as ”. after 18 months Considering the next halving to take place, the point where the Bitcoin price should be positioned within 18 months 40,000 dollar level underlined that. The popular analyst added that the factors brought by the macroeconomic environment should be taken into account when considering future price levels.
Mining reward with next halving 3,125 BTC level is planned.
