Bit360

2024/04/08 05:18

Bitcoin’s 2028 halving price target is $435K, hist

Bitcoin’s 2028 halving price target is $435K, historical data suggests

Bitcoin price rallied approximately 650% since the last halving in 2020. If history repeats, Bitcoin could reach the $435,000 price level before the 2028 halving.

The 2024 Bitcoin halving will happen in less than three weeks. If historical chart patterns were to repeat, Bitcoin’s current $66,000 price would reach $434,280 per coin by the 2028 halving if it performs similarly to the current cycle.

Nonetheless, Bitcoin’s average price rallies fell by 45% each cycle to the current 658%. If this diminishing returns trend repeats, Bitcoin will deliver a 360% rally during the next cycle, resulting in a roughly $303,600 BTC price at the 2028 halving.

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