- Lady of Crypto predicts a new Bitcoin bull market post-2024 halving, lasting around 12 months.
- Historical patterns suggest Q4 as a key period for Bitcoin price surges after halving events.
- Current Bitcoin metrics align with past trends, signaling a potential post-halving rally in 2024.
Recent insights from Lady of Crypto on her X account have highlighted the potential onset of a new Bitcoin bull market following the upcoming halving event in 2024. According to her analysis, the most exciting phase of the bull market, often termed the “fun part,” typically lasts around 12 months.
This pattern has been observed in previous bull cycles, with the 2017 bull run kicking off in December 2016 and lasting 11 months. Similarly, the 2021 bull run began in October 2020 and extended for 13 months.
Notably, both of these significant upward trends initiated in the fourth quarter, suggesting that Q4 may be a critical period for Bitcoin price movements.
The data aligns with historical patterns where Bitcoin’s price saw substantial upward momentum after halving events. The chart indicates that the price of Bitcoin experienced strong bullish movements following the halving events in 2016 and 2020.
These movements, each lasting approximately 11 to 13 months, have set a precedent for anticipating another significant price surge post the 2024 halving. With previous bull runs initiating in Q4, expectations are high that a similar trend could unfold, creating an opportunity for substantial gains within a 12-month window.
At present, Bitcoin is trading at $59,058.76, with a 24-hour trading volume of $42,999,899,442. Despite a recent decline of 4.75% over the past 24 hours, Bitcoin remains the leading cryptocurrency, holding the number one rank on CoinMarketCap.
The market capitalization stands at $1,166,191,314,125, with a circulating supply of 19,746,290 BTC out of a maximum 21 million coins. This data points to a market that is actively trading, setting the stage for potential future movements in line with the anticipated post-halving rally.
As the market awaits the 2024 Bitcoin halving, traders and investors are closely monitoring these historical trends. The anticipation of another “fun part” of the bull market suggests a time-sensitive opportunity, echoing past patterns where significant gains were made within a year following the halving events.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
