Bitcoin price predicted to explode in 2022 - BitcoinEthereumNews.com
BitcoinAng presyo ng Bitcoin ay hinulaang sasabog sa 202204 / 16 / 2022Balita ng Ethereum ng Bitcoin There is a lot of speculation circulating online that the price of Bitcoin will explode in 2022. Apparently, Novembers $69,000 may not have been the peak of this cycle. Many people are talking about it, especially on Twitter, including some analysts. This is only a hypothesis, but based on a consideration that seems at least logical. The price of Bitcoin and the halving The influence of halvings on Bitcoin price cycles Ang presyo ng Bitcoin is subject to four-year cycles that follow the halvings. Given that May 2020 was the most recent halving, i.e. the third ever, the current one is Bitcoins fourth cycle. After the previous two halvings, in 2012 and 2016, there was always a large speculative bubble at the end of the following year. However, it has not happened during the current cycle. Analyzing the trajectory of the BTC price after May 2020, it turns out that the end of 2020 triggered a bull run that lasted only five and a half months, until mid-April 2021. The price peaked on 14 April at $64,000. The price then fell to below $30,000 in July, before rebounding to $69,000 in