Dave the Wave, one of the leading analysts of the cryptocurrency markets, said that Bitcoin (BTC) announced that he expects a 600% increase in prices after the 4th block reward halving. This prediction is based on analyst data from past bull market cycles and analysis of the Logarithmic Growth Curve (LGC) model.
Dave the Wave predicts that the Bitcoin price could reach $169,500 by the last quarter of 2024. This prediction takes into account that Bitcoin has historically offered diminishing returns after each bull market cycle, and the current cycle will also follow this trend. The analyst notes that he expects a 626% return this cycle, compared to a 1275% return in the 2020 cycle.
According to Dave the Wave’s analysis, block reward halvings are important turning points in Bitcoin’s price course. These halvings have the potential to increase the value of Bitcoin by reducing supply and reducing inflation. In the past, block reward halvings have led to significant increases in Bitcoin price.
Dave the Wave also warns investors that the block reward halving may cause short-term price fluctuations. However, the analyst believes that Bitcoin will trend upwards in the long run.
Dave the Wave’s analysis offers very important information for Bitcoin investors and enthusiasts. The analyst’s prediction offers an optimistic outlook on the future of Bitcoin and can help investors create investment strategies.
However, it should be noted that this is only an estimate and actual prices may differ. Investors should conduct their own research and consider their risk tolerance before investing.
