As the chances of a Bitcoin exchange-traded fund (ETF) being approved rise, six-figure BTC price predictions are also becoming increasingly common, particularly now that the April 2024 halving is less than 180 days away.

BTC price historical patterns, halving

Bitcoin’s (BTC) price trends often exhibit cyclical behavior. Analysts have drawn parallels between the current price trajectory and historical patterns, suggesting a potential bullish cycle reminiscent of 2013 to 2017.

BTC/USD 1-month chart (Bitcoin halving marked in yellow). Source: TradingView

Similarly, Bitcoin’s historical bull runs tend to follow four-year cycles, often spurred by events like the halving, which reduces the…

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