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<p>Crypto analyst David <a href="https://twitter.com/DavidOnCrypto_/status/1737019584299831641" target="_blank" rel="noopener noreferrer nofollow">shared </a>an interesting historical perspective on potential peak price levels for bitcoin in the current cycle. Based on past market cycles, he believes bitcoin should top out somewhere between $46,700 and $52,000 before entering a prolonged correction until at least Q4 2024. This would align with bitcoin’s halving-driven four-year boom-bust cycles.</p>
<p>However, David notes there is a scenario where bitcoin could experience a parabolic “2020-type” run from current levels. This would result in new all-time highs before April 2024’s halving event, which has never occurred before in bitcoin’s history.</p>
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<p>The catalyst for this unprecedented price action could come from the approval of a bitcoin ETF in the US. Unlike the “sell-the-news” reaction bitcoin has faced after certain major adoption milestones, like El Salvador making BTC legal tender, an ETF green light may spark intense FOMO and capital inflows.</p>
<p>While historically, David expects bitcoin to peak around $47,000–$52,000 based on past market cycles, he contends uncharted parabolic upside could manifest if a perfect storm of positive developments stokes extreme bullish hysteria through next year’s halving.</p>
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<p>This remains a relatively low-probability outcome, but it shows how unique dynamics could push bitcoin outside the bounds of its habitual four-year boom-bust patterns.</p>
<p>David’s analysis highlights how bitcoin could make history again if the stars align for a momentous cycle like no other.&nbsp;</p>
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<p>The post <a href="https://captainaltcoin.com/bitcoin-analyst-shares-a-scenario-where-btc-could-hit-a-new-all-time-high-before-halving/" rel="noopener noreferrer nofollow">Bitcoin Analyst Shares a Scenario Where BTC Could Hit a New All-Time High Before Halving</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin Analyst Shares a Scenario Where BTC Could Hit a New All-Time High Before Halving

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