{"id":603863,"date":"2024-04-18T15:00:55","date_gmt":"2024-04-18T15:00:55","guid":{"rendered":"https:\/\/wncen.com\/?p=603863"},"modified":"2024-06-11T06:58:01","modified_gmt":"2024-06-11T06:58:01","slug":"bitcoin-to-455000-expert-echoes-previous-halving-pattern","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-to-455000-expert-echoes-previous-halving-pattern\/","title":{"rendered":"Bitcoin To $455,000: Expert Echoes Previous Halving Pattern"},"content":{"rendered":"

In the ever-evolving world of cryptocurrency, Marcel Knobloch also known as Collin Brown, a crypto expert has offered an audacious <\/span>prediction<\/span><\/a> for Bitcoin, foreseeing a significant rally to unprecedented heights post-BTC Halving event scheduled to take happen this month.<\/span><\/p>\n

Bitcoin Poised For Massive Growth Post-Halving<\/span><\/h2>\n

According to Collin Brown, the fourth mining reward <\/span>Halving<\/span><\/a> for Bitcoin will take place in the next 48 hours. This event will cut down the current 6.25 BTC per block output to 3.125 BTC per block.<\/span><\/p>\n

Related Reading: Bitcoin Halving Hysteria: Will History Repeat Itself Or Are We Heading For A Market Meltdown?<\/a><\/div>\n

Brown noted that following the last Halving event, Bitcoin witnessed over 700% growth, bringing the crypto asset to its previous all-time high of $69,000 achieved at the peak of the 2021 bull cycle. Given the impact of the previous Halving, the crypto expert has predicted the coin will reach $455,000 should BTC mirror this pattern.<\/span><\/p>\n

The post read:<\/span><\/p>\n

In just forty-eight hours, Bitcoin’s fourth mining reward halving will occur. This quadrennial occurrence will slash the per-block emission of BTC to 3.125 BTC from the current 6.25 BTC. After the last halving, Bitcoin prices surged 700%, which would now bring $455,000.<\/span><\/p><\/blockquote>\n

It is worth noting that since the cryptic developer of Bitcoin, <\/span>Satoshi Nakamoto<\/span><\/a>, introduced the coin about 15 years ago, the Halving has been ingrained in the crypto’s program. This year’s event will happen when block 840,000 is created, which might increase BTC’s value by reducing supply.<\/span><\/p>\n

Historically, the three previous halvings have caused the price of the digital asset to soar significantly, amassing substantial gains. Data shared by Brown shows that following the first halving event, Bitcoin saw a whopping 9,360% rise, topping out around $1,135 from $12.<\/span><\/p>\n

However, it took the crypto asset approximately 371 days to reach the aforementioned figure after the Halving. Furthermore, the second halving, which occurred in 2016, drove Bitcoin’s price from $650 to $19,640, indicating an over 2,920% increase.<\/span><\/p>\n

Meanwhile, the last instance secured a 700% rally, taking prices from $8,626 to the previous peak of $69,045. Primarily, it took <\/span>BTC<\/span><\/a> more than 500 days in the preceding two cycles to reach new records.<\/span><\/p>\n

Considering the past trends, Brown’s forecast appears to be reasonable and possible. Should any of these trends reoccur, the crypto expert’s prediction might manifest in the following year.<\/span><\/p>\n

BTC On The Downside<\/span><\/h2>\n

Collin Brown remains optimistic despite Bitcoin showing signs of weakness to retest its new all-time high of $73,000. Since reaching its new peak in mid-March, the value of BTC has plummeted by over 10%.<\/span><\/p>\n

Related Reading: Bitcoin Drops As Iran Launches Missile Attack On Israel \u2013 What We Know So Far<\/a><\/div>\n

Today, the price of <\/span>Bitcoin<\/span><\/a> fell sharply, reaching a low of about $60,000 and reaching its lowest level since late February. At the time of writing, BTC was trading at $62,916, down more than 10% over the past week. While its trading volume has increased by over 20%, its market cap is slightly down by 0.20% in the last day.<\/span><\/p>\n

The decline in BTC’s price is considered to be triggered by recent geopolitical tensions or global turmoil. The conflict between Israel and Iran caused major sell-offs among investors, leading to a broader market downturn.<\/span><\/p>\n

\"Bitcoin\"
BTC trading at $62,594 on the 1D chart | Source: BTCUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

In the ever-evolving world of cryptocurrency, Marcel Knobloch also known as Collin Brown, a crypto expert has offered an audacious prediction for Bitcoin, foreseeing a significant rally to unprecedented heights post-BTC Halving event scheduled to take happen this month. Bitcoin Poised For Massive Growth Post-Halving According to Collin Brown, the fourth mining reward Halving for Bitcoin will take place in the next 48 hours. This event will cut down the current 6.25 BTC per block output to 3.125 BTC per block. Related Reading: Bitcoin Halving Hysteria: Will History Repeat Itself Or Are We Heading For A Market Meltdown? Brown noted that following the last Halving event, Bitcoin witnessed over 700% growth, bringing the crypto asset to its previous all-time high of $69,000 achieved at the peak of the 2021 bull cycle. Given the impact of the previous Halving, the crypto expert has predicted the coin will reach $455,000 should BTC mirror this pattern. The post read: In just forty-eight hours, Bitcoin’s fourth mining reward halving will occur. This quadrennial occurrence will slash the per-block emission of BTC to 3.125 BTC from the current 6.25 BTC. After the last halving, Bitcoin prices surged 700%, which would now bring $455,000. It is worth noting that since the cryptic developer of Bitcoin, Satoshi Nakamoto, introduced the coin about 15 years ago, the Halving has been ingrained in the crypto’s program. This year’s event will happen when block 840,000 is created, which might increase BTC’s value by reducing supply. Historically, the three previous halvings have caused the price of the digital asset to soar significantly, amassing substantial gains. Data shared by Brown shows that following the first halving event, Bitcoin saw a whopping 9,360% rise, topping out around $1,135 from $12. However, it took the crypto asset approximately 371 days to reach the aforementioned figure after the Halving. Furthermore, the second halving, which occurred in 2016, drove Bitcoin’s price from $650 to $19,640, indicating an over 2,920% increase. Meanwhile, the last instance secured a 700% rally, taking prices from $8,626 to the previous peak of $69,045. Primarily, it took BTC more than 500 days in the preceding two cycles to reach new records. Considering the past trends, Brown’s forecast appears to be reasonable and possible. Should any of these trends reoccur, the crypto expert’s prediction might manifest in the following year. BTC On The Downside Collin Brown remains optimistic despite Bitcoin showing signs of weakness to retest its new all-time high of $73,000. Since reaching its new peak in mid-March, the value of BTC has plummeted by over 10%. Related Reading: Bitcoin Drops As Iran Launches Missile Attack On Israel \u2013 What We Know So Far Today, the price of Bitcoin fell sharply, reaching a low of about $60,000 and reaching its lowest level since late February. At the time of writing, BTC was trading at $62,916, down more than 10% over the past week. While its trading volume has increased by over 20%, its market cap is slightly down by 0.20% in the last day. The decline in BTC’s price is considered to be triggered by recent geopolitical tensions or global turmoil. The conflict between Israel and Iran caused major sell-offs among investors, leading to a broader market downturn. Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":603703,"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":[428,8856,1119,1144,78790,91938,10152,2538,3765],"class_list":["post-603863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-halving","tag-btc","tag-btcusd","tag-btcusdt","tag-collin-brown","tag-iran","tag-israel","tag-satoshi-nakamoto"],"acf":[],"yoast_head":"\nBitcoin To $455,000: Expert Echoes Previous Halving Pattern<\/title>\n<meta name=\"description\" content=\"Collin Brown has offered an audacious prediction for Bitcoin, foreseeing a significant rally to unprecedented heights post-BTC Halving event.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/wncen.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin To $455,000: Expert Echoes Previous Halving Pattern","url":"http:\/\/wncen.com\/news\/bitcoin-to-455000-expert-echoes-previous-halving-pattern\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-to-455000-expert-echoes-previous-halving-pattern\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/iStock-1188004097.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/iStock-1188004097.jpg?fit=1253%2C836"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin halving","btc","btcusd","btcusdt","collin brown","iran","israel","satoshi nakamoto"],"dateCreated":"2024-04-18T15:00:55Z","datePublished":"2024-04-18T15:00:55Z","dateModified":"2024-06-11T06:58:01Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin To $455,000: Expert Echoes Previous Halving Pattern\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-to-455000-expert-echoes-previous-halving-pattern\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-to-455000-expert-echoes-previous-halving-pattern\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/iStock-1188004097.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/iStock-1188004097.jpg?fit=1253%2C836\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin halving\",\"btc\",\"btcusd\",\"btcusdt\",\"collin brown\",\"iran\",\"israel\",\"satoshi nakamoto\"],\"dateCreated\":\"2024-04-18T15:00:55Z\",\"datePublished\":\"2024-04-18T15:00:55Z\",\"dateModified\":\"2024-06-11T06:58:01Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/iStock-1188004097.jpg?fit=1253%2C836","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/603863"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=603863"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/603863\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/603703"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=603863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=603863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=603863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}