You Won’t Believe These Post-Halving Bitcoin Predictions
Bitcoin has undergone one of the most anticipated events of the year in the cryptocurrency community. Bitcoin’s third halving has pushed the price of the world’s most popular digital currency up almost 12% in a euphoric rally. The demand for Bitcoin has increased due to the much-hyped halving, but at the same time more and more Wall Street money managers are turning their eyes to Bitcoin as an asset to hedge against inflation.
The halving event has motivated some of the wildest predictions among Bitcoin analysts. Bitcoin expert and long-time TradingView contributor Trading-Guru made a bold prediction to $250,000 per Bitcoin as soon as 2021.
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Another cryptocurrency analyst Mikki0416 shared with his followers a more conservative scenario that Bitcoin price will reach $55,000 by the end of 2021.
Moving forward, we’re going to get a closer look into the heads of these two Bitcoin fanatics.
Trading-Guru — Has the Ultimate Guide to Trading Bitcoin Halving
In his latest Bitcoin forecast, @100eyesCrypto told his audience that by studying the past “matching halving fractals,” we can tell where the price of Bitcoin is going to be in the future. Trading-Guru draws a very detailed analogy between the past two Bitcoin halving that occurred on 29th of November, 2012 respectively 10th of July, 2016.
Note* In the technical analysis field, a fractal is a self-similar geometric price pattern that can be used as a guide to gauge future price movements.
In his analysis, published on TradingView, Trading-Guru claims that:
“What’s really special this time is that the two fractals of the BTC halving afterplay match perfectly when overlayed. This is rare and might actually hold some future price indication value.”
According to this wild Bitcoin prediction, if the price of Bitcoin was to follow the path it did back in 2012 and 2016 when the first halving and second halving occurred, you can possibly earn a “20,000% profit.”
Trading-Guru suggests his followers that in the short-term Bitcoin price can “drop a bit further” following the same price pattern from 2016 before the bulls to “come back later.”
Trading-guru’s analytical skills have been proven to produce profitable forecasts. Four out of the past 5 Bitcoin forecast have attested that Trading-Guru knows how to play the game along with the big wheels.
Our next TradingView contributor makes another bullish prediction that will get BTC HOLDers excited.
Mikki0416 — Bitcoin to Start a Bull Run to $55,000
Bitcoin enthusiast DasMikki shared with his TradingView followers a very optimistic prediction that sees Bitcoin price entering a bullish phase that has the potential to send BTC to $55,000. Mikki0416 employs technical analysis to forecast the next possible target for Bitcoin.
His technical analysis approach uses a combination of two moving average couple with Fibonacci extension levels.
With Bitcoin price trading near the 2020 highs, Mikki0416 sees the first level of resistance around $10,500 — $11,500, which is the line in the sand. According to this forecast, a break above this resistance zone is imminent. If Bitcoin price breaks above $11,000, Mikki0416 sees BTC to a new all-time high within 6 months.
Additionally, this TradingView contributor has several targets for Bitcoin, which should be reached within 1.5 years:
- $ 25,000
- $ 55,000
- $ 85,000
- $ 135,000
According to Mikki0416 forecast, “the first bull run could possibly last until 2021,” which can be followed by a second bull run that can send Bitcoin to $500,000. Looking through Mikki0416 past predictions, three out of the last 5 forecasts have turned positive.
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