On April 19, 2024, Bitcoin miners saw their block rewards halve from 6.250 BTC to 3.125 BTC, typically heralding a bull market. Analysts are now calculating when this bullish trend might begin.
Crypto analyst Quinten Francois notes a pattern in Bitcoin's cycles, suggesting that, historically, bull markets start around 170 days post-halving. As 150 days have already passed, a bullish turn may emerge in about 20 days.
Supporting this, analyst Lark Davis highlights strong quarterly returns in past halving years and forecasts impressive gains if historical trends continue.
Ki Young Ju, founder of CryptoQuant, identifies key price levels: $62,000 (custodial wallets and ETFs), $55,000 (Binance traders), $43,000 (mining sector), and $27,000 (Bitcoin whales), which will function as important psychological and technical markers.
These price thresholds and historical patterns will be crucial in shaping Bitcoin's short-term price movements as the speculated bull market approaches.
