tl;dr
If you're expecting the same explosive returns that have characterized Bitcoin in the past, think again. It appears that is behind us. Past halving cycles suggest the "100x" return is a memory, with the bull market ascent shrinking every cycle. The expectation for the upcoming Halving Event in April...
If you're expecting the same explosive returns that have characterized Bitcoin in the past, think again. It appears that is behind us. Past halving cycles suggest the "100x" return is a memory, with the bull market ascent shrinking every cycle. The expectation for the upcoming Halving Event in April 2024 is that Bitcoin will be in a relatively narrow range between $40,000-$50,000, according to multiple analyses. Most experts predict that by April 2025, Bitcoin will muster a move to approach $90,000. However, there's a consensus that we won't witness the necessary support to propel it past $100,000. Yet, this doesn’t rule out extraordinary returns, as these can still be realized through a specific strategy.
An array of sources has pointed to the fact that the superlative returns for Bitcoin, the likes of which we've seen in the past, are unlikely to be repeated. Rallying to a peak of about $90,000 by 2025 from a $40,000-$50,000 holding pattern might not seem like a server boost in returns, but it’s still possible to achieve such out-sized returns by tweaking your strategy. While the positive perspective might be contradicted by current technical and fundamental indicators, this detail should not lead to defeatism. It's all about precision and timing to unlock greater reward from your investment on Bitcoin. With a clear strategy, albeit a riskier one, there is still the potential to stay in the race.
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