Bitcoin Halving Cycle Signals Potential 2024 Rally, Canaccord Analysts Predict
Posted On October 1, 2024
A new report suggests that Bitcoin (CRYPTO: BTC) might be on the brink of a significant rally by the end of 2024 or early 2025, driven by historical halving cycle trends and changing market conditions.
What Happened: A report by Canaccord points out that we are now 163 days post the latest Bitcoin halving.
Historically, Bitcoin rallies have tended to start 6-12 months after these halving events, indicating the potential for an uptrend if this pattern holds .
Analysts at Canaccord maintain a positive outlook on Bitcoin, noting, “The halving cycle psychology could portend more bullish times ahead.”
They believe that favorable supply-demand dynamics post-halving, coupled with current market conditions, …
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