Crypto Expert Predicts $1.8M BTC Price Boom After BTC Halving

A well-known crypto analyst just revealed his long-term goal for the current Bitcoin cycle, and it’s a big one.

The trader, whose real name is Filbfilb, tells his 85,000 Twitter followers that he is now aiming for $180,000 for the top cryptocurrency.

The analyst says that the key event is the halving of Bitcoin, which will happen in about a year.

The halving, which happens every four years, will cut the amount of new BTC coming onto the market from 6.25 Bitcoin per block to 3.125 Bitcoin per block.

In the past, when the supply of Bitcoin went down, the price went up or down a lot, and the trader thinks that will happen again this time.

“Bitcoin halving is due for March 2024. If history is anything to go off then you have 18 months absolute max to get your shit together before we start doing all sorts of crazy stuff above the all-time high again.”

Filbfilb says that traders should only need one chart that shows what happened right after each halving of BTC to understand how much it could be worth.

“If we were to only look at one chart then the Bitcoin bull market comparison is it.

So everyone is on the same page, the bank of Bitcoin has no members, no buildings and no bankers manipulating rates trying to balance inflation with full employment. It runs on code; it always has and it always will…

Now for the economics lesson that everyone knows. Price is a function of supply and demand. This is why we see a rally in price in the period after each halving (the left of the chart).”

Source: Decentrader.com

The trader also talks about fundamental changes in the market that he thinks will help the next big bull run.

Among these are the adoption of BTC as legal currency in El Salvador and the Central African Republic and the adoption of BTC by financial giants like Fidelity and BlackRock. In the EU and the UK, there may be more clarity about how crypto is regulated, which could be a good thing.

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