Famous on-chain analyst Charles Edwards pointed out the level that the price could reach after the Bitcoin (BTC) halving.
Charles Edwards, social media dated February 5 In his post, He examined past Bitcoin halvings and made a prediction for the halving that will take place a few months later.
Analyst, if Effect seen in previous halvings If this is also seen in the halving, Bitcoin price will increase next year for 280 thousand dollars He predicted that he could achieve it. In the data presented by Edwards, in the post-halving period last year A 550% increase It was noted that this was happening.
on the other hand 2016After the halving in 2.089% increase seen and 2021After the halving in 8.966% increase The experienced name stated that the upward trend decreases with each passing halving:
If Bitcoin’s post-halving returns are the same as 2020, we could see a price of $280,000 next year. You could reasonably argue that this cycle’s returns are less than 2020’s. However, I think the performance in 2020 was mediocre and out of line.