Bitcoin

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Prominent X account “Bitcoin Archive” dedicated to everything to do with BTC, including its price, has made a BTC price forecast that mirrors that of Bitcoin evangelist Max Keiser.
“Bitcoin Archive” has provided a specific reason why they believe there is a big chance that the leading cryptocurrency will reach a jaw-dropping $220,000 level and go even higher within the next 18 months.
“Bitcoin Archive” published a screenshot of a <a href="https://u.today/pro-bitcoin-senator-lummis-promises-to-leash-sec-as-she-stands-with-kraken" rel="noopener noreferrer nofollow">Bitcoin</a> chart, which shows how high the BTC price rose after each of the three halvings that the crypto community has been through so far. The previous one happened in 2020.
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 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> went up 6x after the last halving.If that happened again Bitcoin could break +$220,000 over the next 18 months <a href="https://t.co/PBoOtzR5yf" rel="noopener noreferrer nofollow">pic.twitter.com/PBoOtzR5yf</a>— Bitcoin Archive (@BTC_Archive) <a href="https://twitter.com/BTC_Archive/status/1726951332211458238?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 21, 2023</a>
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After each halving, the <a href="https://u.today/bitcoin-btc-v-shaped-recovery-on-horizon-major-analyst-explains-why" rel="noopener noreferrer nofollow">BTC price surged</a> drastically – it went 94x up to hit $800 after the first one, gained 30x after the second halving to reach $11,000. After the previous, third, halving, Bitcoin price jumped 6x to touch the $69,000 level.
If this rise repeats and the price surges by 6x once again, Bitcoin may break well above the $220,000 price mark, the Bitcoin-dedicated account stated. Still, many experts believe that BTC managed to hit the $69,000 all-time high largely due to unstoppable money-printing by the US government that started in 2020 to support the US economy in the fight against the pandemic.
Currently, Bitcoin is changing hands at $36,414, according to the data provided by CoinMarketCap. A 6x growth from here would make BTC hit $218,484 per coin.

Bitcoin (BTC) Price Can Break Above $220,000 Over Next 18 Months: Report

U_Today

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