The post Crypto Pundit Predicts When Bitcoin Will Reach A New ATH appeared on BitcoinEthereumNews.com.

The Bitcoin future price trajectory has been the talk for many months, as many analysts expect the next surge anytime soon. According to crypto analyst Mags, the cryptocurrency’s past history around its halvings gives a timeline on when to expect the next Bitcoin price milestone.  Mags made this known in a social media post on X, detailing how Bitcoin surged between 234 and 216 days after the past two halvings to reach new all-time highs.  Crypto Analyst’s Prediction Model Based On Past Halvings Crypto analysts have developed different models in the past year to predict when Bitcoin may reach new all-time highs based on historical trends. However, crypto analyst Mags has gone in the way of Bitcoin halvings, with the next halving fast approaching.  Mag’s tweet pointed out that, historically, it took Bitcoin 234 days after its 2016 halving to break over its all-time high. Then, Bitcoin’s highest price was capped at $1,242 on November 29, 2013. The crypto would then maintain this spectacular bull run to reach $19,783, which would be its all-time high for the next three years.  In a similar manner, BitcoinBTCwould then break over the all-time high at this point 216 days after its 2020 halving. The crypto would maintain the bullish momentum throughout the year and into 2021 to reach its current all-time high of $68,789.  Bitcoin halvings happen around every four years to reduce the amount of BTC rewards miners get for every block mined on the Bitcoin blockchain. The next schedule is slated to occur 130 days from now and sometime around April 2024, reducing the mining reward from 6.25 BTC to 3.125 BTC.  According to Mags, if history repeats itself, we could see another Bitcoin all-time high in 130 days plus 234 days, putting the next timeline in December 2024, 364 days…

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Filed under: News - @ December 2, 2023 10:06 pm