A look at past halving cycles and current economic factors suggests that a breakout may be imminent. This forecast comes from Ash Crypto.
Many crypto investors are wondering: Will Bitcoin hit the $100,000 mark by the end of the year? The answer may lie in a closer look at previous halving cycles and current global economic developments. According to Ash Crypto, there are several indicators that a significant price surge could occur in the coming weeks.
A Look Back: Halving Cycles and Consolidation Phases
Bitcoin halving events, which occur approximately every four years, have historically played a crucial role in Bitcoin’s price movements. After each halving, Bitcoin typically enters a consolidation phase, during which its price stabilizes before surging upwards.
- 2016: After the halving, it took 161 days before a significant breakout occurred.
- 2020: The consolidation phase lasted 175 days before the price surged.
- 2024: Currently, Bitcoin has been in consolidation for 161 days, a similar duration as after the 2016 halving.
These patterns suggest that a strong price increase could happen within the next 2-3 weeks.
Why a Breakout Could Happen Soon
Beyond the historical patterns of halving cycles, several macroeconomic and global factors indicate that Bitcoin’s price could soon rise. Here are some of the key developments currently impacting the market:
China is printing $280 billion to boost its economy: This massive injection of liquidity could fuel global markets, including Bitcoin.
The U.S. Federal Reserve has started cutting interest rates: Lower rates often lead to increased capital flowing into riskier assets like Bitcoin.
The Bank of Japan (BOJ) has stopped raising rates: This dovish monetary policy could also positively affect the crypto markets.
Trump is leading in the polls: Political uncertainty could drive investors towards alternative assets such as Bitcoin.
Bitcoin ETFs are accumulating again: Institutional investors are increasingly turning to Bitcoin, boosting confidence in its future price growth.
Low Bitcoin supply on exchanges: Bitcoin outflows from exchanges have reached very low levels, indicating reduced selling pressure, which could drive prices up due to a supply shortage.
FTX distribution expected: The potential return of funds to FTX investors could further boost market confidence.
Russia plans to introduce cross-border crypto payments by November: This could further strengthen Bitcoin’s global adoption.
Global money supply (M2) has hit a new high of $107 trillion: Such growth in money supply could lead to inflation-driven price increases for assets like Bitcoin.
Potential for a New All-Time High
Given all these bullish factors, the crypto market may not have fully factored in the potential impacts of these developments. According to Ash Crypto, Bitcoin could soon push towards a new all-time high, possibly well above the $100,000 mark.
If Bitcoin's price does indeed reach these levels, other major cryptocurrencies, known as "large caps", could follow suit, posting strong gains as well.
Conclusion: The Next Big Bitcoin Rally is Coming
With the historical pattern of halving cycles and the current economic landscape, the conditions seem ripe for a major Bitcoin breakout. Whether Bitcoin will reach the $100,000 mark by year’s end remains to be seen, but the signs of an upcoming rally are strong. Ash Crypto advises investors to watch the coming weeks closely, as any market correction or pullback could present new entry points – and the big target remains firmly in sight.
