Bitcoin Halving Model Suggests $24,000 Bottom Before Year’s End

Bitcoin Halving Model Suggests $24,000 Bottom Before Year’s End

Some analysts say that Bitcoin’s current price action aligns with the Bitcoin halving model, leading them to expect a $24000 bottom before year-end. 

The topic of Bitcoin’s four-year halving cycle and its effects on BTC’s long-term price is one that has been highly debated within the crypto community. 

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Crypto analysts predicted that the price of Bitcoin would reach $100,000 by 2021. However, it did not get to this level, and now analysts wonder what will happen in the next six to twelve months.

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At the moment, the price of BTC is below $40,000. Many technical analysis metrics suggest that it is more likely that the price will go down further

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