{"id":546290,"date":"2023-08-08T23:00:57","date_gmt":"2023-08-08T23:00:57","guid":{"rendered":"https:\/\/uniquehot.com\/?p=546290"},"modified":"2024-06-11T08:05:02","modified_gmt":"2024-06-11T08:05:02","slug":"bitcoin-could-reach-180000-next-cycle","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-could-reach-180000-next-cycle\/","title":{"rendered":"Crypto Analyst Says Bitcoin Could Reach $180,000 Next Cycle If This Happens"},"content":{"rendered":"

Since the Bitcoin bull market began, one discussion that has never left the crypto community is when the next bull rally will commence and if it would follow the previously established trend around the halving events. To this end, a crypto analyst, Lark Davis, has taken to X (formerly Twitter) to share his forecast around the next bull market.<\/p>\n

What Could Happen If History Repeats Itself<\/h2>\n

All of the previous Bitcoin bull markets have always begun after the BTC halving event which cuts block rewards in half. However, this time around, there have been dissenting views regarding the digital asset\u2019s tendency to follow this established trend once more due to deviations in various Bitcoin metrics. But Davis has shared a possible scenario for BTC if the bull market begins after the rally once more.<\/p>\n

Related Reading: Litecoin Hashrate Taps New All-Time High, Will LTC Price Follow Suit?<\/a><\/div>\n

In the chart shared<\/a> by the analyst on X, he points out a long period of accumulation. This is when investors fill up their bags with BTC as it is possibly the lowest that the price of the digital asset would get during the bear market.<\/p>\n

\"Bitcoin<\/p>\n

BTC could reach $180,000 if the bull market follows halving cycle | Source: Lark Davis on X<\/a><\/pre>\n
Next comes the Bitcoin halving event, at which time, the price of Bitcoin and other cryptocurrencies in the market start to pick up steam. This is when the bull market starts to take shape, leading to the next part of the trend which is when prices explode.<\/p>\n
In Davis\u2019 post, he shows that the price of the digital asset could rise as high as $180,000 during this time. If the cryptocurrency does touch this price mark, it would mean that the price of BTC would almost triple from its current all-time high of $69,000.<\/p>\n
How This Can Happen For Bitcoin<\/h2>\n
As clarified by the analyst in his X post, for any of this to happen, it would mean that BTC would have to completely follow the trends of the previous bull cycles. This would mean the bottom could likely be reached in early 2024, but it would also be the same year for the start of the bull run.<\/p>\n
Even if Bitcoin does follow this trend though, it would not always be \u2018up-only\u2019 for the market. It would mean that the bull market would top out sometime in 2025 and then there would likely be a market crash that sends BTC spiraling in the following year. As Davis points out, the digital asset could tumble 70% to reach $50,000 again.<\/p>\n
Related Reading: Ethereum Price Could Break Above $2,000 If This Happens<\/a><\/div>\n
However, even with the obvious bear market that would follow this trend, it is still an incredibly bullish scenario for Bitcoin and the crypto market at large. The bull market would last around one year, following historical data, providing ample opportunity for investors to make the most of the market.<\/p>\n
The next Bitcoin halving is expected to take place in April 2024, and if history is anything to go by, this is around when the bull market should be expected to start back up.<\/p>\n
\"Bitcoin<\/p>\n
BTC price adds $300 | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Follow Best Owie on Twitter<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from iStock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Since the Bitcoin bull market began, one discussion that has never left the crypto community is when the next bull rally will commence and if it would follow the previously established trend around the halving events. To this end, a crypto analyst, Lark Davis, has taken to X (formerly Twitter) to share his forecast around the next bull market. What Could Happen If History Repeats Itself All of the previous Bitcoin bull markets have always begun after the BTC halving event which cuts block rewards in half. However, this time around, there have been dissenting views regarding the digital asset\u2019s tendency to follow this established trend once more due to deviations in various Bitcoin metrics. But Davis has shared a possible scenario for BTC if the bull market begins after the rally once more. Related Reading: Litecoin Hashrate Taps New All-Time High, Will LTC Price Follow Suit? In the chart shared by the analyst on X, he points out a long period of accumulation. This is when investors fill up their bags with BTC as it is possibly the lowest that the price of the digital asset would get during the bear market. BTC could reach $180,000 if the bull market follows halving cycle | Source: Lark Davis on X Next comes the Bitcoin halving event, at which time, the price of Bitcoin and other cryptocurrencies in the market start to pick up steam. This is when the bull market starts to take shape, leading to the next part of the trend which is when prices explode. In Davis\u2019 post, he shows that the price of the digital asset could rise as high as $180,000 during this time. If the cryptocurrency does touch this price mark, it would mean that the price of BTC would almost triple from its current all-time high of $69,000. How This Can Happen For Bitcoin As clarified by the analyst in his X post, for any of this to happen, it would mean that BTC would have to completely follow the trends of the previous bull cycles. This would mean the bottom could likely be reached in early 2024, but it would also be the same year for the start of the bull run. Even if Bitcoin does follow this trend though, it would not always be \u2018up-only\u2019 for the market. It would mean that the bull market would top out sometime in 2025 and then there would likely be a market crash that sends BTC spiraling in the following year. As Davis points out, the digital asset could tumble 70% to reach $50,000 again. Related Reading: Ethereum Price Could Break Above $2,000 If This Happens However, even with the obvious bear market that would follow this trend, it is still an incredibly bullish scenario for Bitcoin and the crypto market at large. The bull market would last around one year, following historical data, providing ample opportunity for investors to make the most of the market. The next Bitcoin halving is expected to take place in April 2024, and if history is anything to go by, this is around when the bull market should be expected to start back up. BTC price adds $300 | Source: BTCUSD on Tradingview.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026 Featured image from iStock, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":546296,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,86213,8856,679,1119,1144,78790],"class_list":["post-546290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-bull-market","tag-bitcoin-halving","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nCrypto Analyst Says Bitcoin Could Reach $180,000 Next Cycle If This Happens<\/title>\n<meta name=\"description\" content=\"Since the Bitcoin bull market began, one discussion that has never left the 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With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Says Bitcoin Could Reach $180,000 Next Cycle If This Happens","url":"http:\/\/uniquehot.com\/news\/bitcoin-could-reach-180000-next-cycle\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-could-reach-180000-next-cycle\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/iStock-1385861333-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/iStock-1385861333-1.jpg?fit=2359%2C1270"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin bull market","bitcoin halving","bitcoin price","btc","btcusd","btcusdt"],"dateCreated":"2023-08-08T23:00:57Z","datePublished":"2023-08-08T23:00:57Z","dateModified":"2024-06-11T08:05:02Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Says Bitcoin Could Reach $180,000 Next Cycle If This Happens\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-could-reach-180000-next-cycle\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-could-reach-180000-next-cycle\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/iStock-1385861333-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/iStock-1385861333-1.jpg?fit=2359%2C1270\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin bull market\",\"bitcoin halving\",\"bitcoin price\",\"btc\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2023-08-08T23:00:57Z\",\"datePublished\":\"2023-08-08T23:00:57Z\",\"dateModified\":\"2024-06-11T08:05:02Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/iStock-1385861333-1.jpg?fit=2359%2C1270","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/546290"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=546290"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/546290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/546296"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=546290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=546290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=546290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}