{"id":607517,"date":"2024-05-11T09:30:18","date_gmt":"2024-05-11T09:30:18","guid":{"rendered":"https:\/\/wncen.com\/?p=607517"},"modified":"2024-06-11T07:23:17","modified_gmt":"2024-06-11T07:23:17","slug":"why-bitcoin-post-halving-rally-is-certain-analyst-explains","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/why-bitcoin-post-halving-rally-is-certain-analyst-explains\/","title":{"rendered":"Why Bitcoin\u2019s Post-Halving Rally Is Certain, Analyst Explains"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Bitcoin experienced a price decline of 3.06% on Friday, falling as low as $60,372.36 based on <a href=\"https:\/\/coinmarketcap.com\/\" target=\"_blank\" rel=\"noopener nofollow\">data from CoinMarketCap.<\/a> With the crypto market leader now in a consolidation phase, a trading analyst with X username Titan of Crypto has expressed resilient faith in Bitcoin\u2019s ability to produce a post-halving price rally.<br \/>\n<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-down-20-from-march-but-glassnode-analysts-are-very-bullish-heres-why\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Down 20% From March But Glassnode Analysts Are Very Bullish: Here\u2019s Why<\/a><\/div>\n<h2><span style=\"font-weight: 400\">Bitcoin Rise Inevitable, Analyst Pinpoints $150,000 Price Target<\/span><\/h2>\n<p><span style=\"font-weight: 400\">In a series of X posts on Friday, Titan of Crypto shared some interesting bullish predictions on the Bitcoin market. Firstly, the analyst<a href=\"https:\/\/x.com\/Washigorira\/status\/29460747\" target=\"_blank\" rel=\"noopener nofollow\"> noted<\/a> that amidst BTC\u2019s price decline, the token\u2019s price pattern on the daily timeframe had formed a bullish signal.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Titan of Crypto referred to this signal as the bullish engulfing candle which occurs when a larger bullish candle completely emerges from the previous smaller bearish candle, thus indicating a potential reversal from a downtrend to an uptrend.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Following these observations, the analyst <a href=\"https:\/\/x.com\/Washigorira\/status\/13926345\" target=\"_blank\" rel=\"noopener nofollow\">also predicted<\/a> Bitcoin to soon experience a massive post-halving price gain. Titan of Crypto described this forecast as \u201cinevitable\u201d citing data from Bitcoin\u2019s price history.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The crypto analyst said:\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">To understand the present you have to search in the past. And what the past is telling us is there is no occurrence of #BTC\u00a0 not having a rally after the halving.<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">Titan of Crypto also acknowledged that short-term price movements may be \u201cconfusing\u201d however he expects BTC to maintain an upward trajectory in the long room. Based on previous post-halving rallies, Titan of Crypto predicts Bitcoin to trade at $150,000 in 2025.<br \/>\n<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-short-term-nupl-value\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Short Term NUPL Value Turns Negative, What This Means For Price<\/a><\/div>\n<h2><span style=\"font-weight: 400\">BTC Close To Bottom Price As Dip Buy Interest Drops<\/span><\/h2>\n<p><span style=\"font-weight: 400\">In other news, blockchain analytics website Santiment <a href=\"https:\/\/x.com\/santimentfeed\/status\/74519310\" target=\"_blank\" rel=\"noopener nofollow\">also predicts<\/a> the recent downturn in Bitcoin\u2019s price could soon end stating the token is near a \u201cbottom\u201d i.e. the lowest point in a market fall at which price stops falling and starts rising exponentially.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Interestingly, this prediction by Santiment is based on a decline in the dip-buying activity of Bitcoin investors. The analytics platform reports that the trading interest in Bitcoin following its most recent decline on Friday is far below levels associated with previous price falls.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, Bitcoin continues to trade around $60,968, with an overall price loss of 3.26% in the last week. On the monthly chart, the digital coin also remains in the red zone, reflecting a decline of $13.64%. However, Bitcoin\u2019s daily trading volume remains positive by 9.73% and $27.88 billion.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large\" src=\"https:\/\/www.tradingview.com\/x\/oKJmkBde\/\" alt=\"Bitcoin\" width=\"1479\" height=\"893\"><\/p>\n<pre style=\"text-align: center\">BTC trading at $60,922 on the daily chart | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/xg17RJqK\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSDT chart on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\"><em>Featured image from Investopedia, chart from Tradingview<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin experienced a price decline of 3.06% on Friday, falling as low as $60,372.36 based on data from CoinMarketCap. With the crypto market leader now in a consolidation phase, a trading analyst with X username Titan of Crypto has expressed resilient faith in Bitcoin\u2019s ability to produce a post-halving price rally. Related Reading: Bitcoin Down 20% From March But Glassnode Analysts Are Very Bullish: Here\u2019s Why Bitcoin Rise Inevitable, Analyst Pinpoints $150,000 Price Target In a series of X posts on Friday, Titan of Crypto shared some interesting bullish predictions on the Bitcoin market. Firstly, the analyst noted that amidst BTC\u2019s price decline, the token\u2019s price pattern on the daily timeframe had formed a bullish signal. Titan of Crypto referred to this signal as the bullish engulfing candle which occurs when a larger bullish candle completely emerges from the previous smaller bearish candle, thus indicating a potential reversal from a downtrend to an uptrend. Following these observations, the analyst also predicted Bitcoin to soon experience a massive post-halving price gain. Titan of Crypto described this forecast as \u201cinevitable\u201d citing data from Bitcoin\u2019s price history. The crypto analyst said:\u00a0 To understand the present you have to search in the past. And what the past is telling us is there is no occurrence of #BTC\u00a0 not having a rally after the halving. Titan of Crypto also acknowledged that short-term price movements may be \u201cconfusing\u201d however he expects BTC to maintain an upward trajectory in the long room. Based on previous post-halving rallies, Titan of Crypto predicts Bitcoin to trade at $150,000 in 2025. Related Reading: Bitcoin Short Term NUPL Value Turns Negative, What This Means For Price BTC Close To Bottom Price As Dip Buy Interest Drops In other news, blockchain analytics website Santiment also predicts the recent downturn in Bitcoin\u2019s price could soon end stating the token is near a \u201cbottom\u201d i.e. the lowest point in a market fall at which price stops falling and starts rising exponentially. Interestingly, this prediction by Santiment is based on a decline in the dip-buying activity of Bitcoin investors. The analytics platform reports that the trading interest in Bitcoin following its most recent decline on Friday is far below levels associated with previous price falls. At the time of writing, Bitcoin continues to trade around $60,968, with an overall price loss of 3.26% in the last week. On the monthly chart, the digital coin also remains in the red zone, reflecting a decline of $13.64%. However, Bitcoin\u2019s daily trading volume remains positive by 9.73% and $27.88 billion.\u00a0 BTC trading at $60,922 on the daily chart | Source: BTCUSDT chart on Tradingview.com Featured image from Investopedia, chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":607518,"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":[428,1144,78790,92131,92274,92273],"class_list":["post-607517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusd","tag-btcusdt","tag-bullish-prediction","tag-dip-buying-interest","tag-post-halving-rally"],"acf":[],"yoast_head":"\n<title>Why Bitcoin\u2019s Post-Halving Rally Is Certain, Analyst Explains<\/title>\n<meta name=\"description\" content=\"Market analyst Titan of Crypto explains why Bitcoin 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Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. 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His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. 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