Bitcoin Price Poised for Correction Then Surge Around 2024 Halving Event
-
Bitcoin has historically seen a price correction before each halving event, followed by a surge in price afterwards. Most recently there was a 63% drop before the 2020 halving.
-
If historical patterns hold, the market may see a correction dipping below $45,000 before the 2024 halving, followed by a rally.
-
In past halving cycles, Bitcoin saw staggering price increases of 11,000%, 3,072%, and 700% in the periods lasting 365-549 days after the event.
-
The "Stock-to-Flow" trading strategy advises buying Bitcoin 6 months before the halving and selling 18 months after, anticipating a potential 4x increase in this cycle.
-
Based on historical trends and trading models like Stock-to-Flow, the next Bitcoin bull market could peak around April or October 2025 following the 2024 halving.