Bitwise: Bitcoin price expected to continue testing new highs over next 12 months
According to Mars Finance news, Bitwise Asset Management reiterated its bullish view on Bitcoin, predicting that Bitcoin will perform well in the next 12 months. Bitwise researcher Ryan Rasmussen took to Schwab Network on Monday to share his thoughts on Bitcoin’s future performance after the fourth halving.
Ryan explained: “What has historically happened with miners after halving is that there is some consolidation across the industry. Some miners are not ready for the changes in the economics of mining after halving. From a price perspective, we typically What you see is that the year before the halving and the year after the halving are the best years for Bitcoin in a three-year or four-year cycle, and that's already happening," he noted, although there are no guarantees about the future. The same will happen, but he emphasized: “We definitely had a good year before the halving. We bounced back from the lows in 2022, had a good 2023, and we have a good year in 2024 A good start and I do think we will continue to test new highs in 2024 and next year after the halving.” (Bitcoin.com)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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