Several crypto analysts have weighed in on when the next bull run is likely to begin. A majority of them pinpointed the Bitcoin Halving as what will trigger this next cycle. With this in mind, crypto analytics firm Glassnode has provided insights as to when to expect the next bull market.
Bitcoin Halving Now 100 Days Away
In a post on their X (formerly Twitter) platform, Glassnode estimated that the Halving event is now 100 days away based on their calculation using the current average block interval. They highlighted how the fourth halving is pre-determined to occur at block height 840,000. However, the exact date cannot be ascertained due to the “natural variability and probabilistic nature of mining blocks.”
The reason why these analysts predict that the Bitcoin Halving could mark the beginning of the next bull run is farfetched. Historically, BTC’s price is known to have increased significantly before and after every Halving. During the last one, which took place in 2020, BTC rose by 17% in the weeks leading up to the event and a further 559% i
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Author: Scott Matherson
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