Bitcoin's price could potentially reach $100K, according to analyst Rekt Capital, who highlights the impact of Bitcoin's halving event. While the current halving event's effects aren't visible in the price yet, historical data suggests significant post-halving price increases.
In previous cycles of 2012, 2016, and 2020, Bitcoin prices reacted positively months after the halving events. These events often lead to reduced supply, driving price increases. This historical pattern sets expectations for potential future gains.
The analyst notes that resistance often occurs at previous price levels after a halving. This observation, based on historical trends, could inform future investment strategies, as investors watch for a rally in Bitcoin’s market value preceded by the halving.
