Will the third Bitcoin (BTC) halving allow the BTC price to rise significantly? If yes, when will this happen? An experienced trader shared his mid-term forecast on the issue.
Renowned crypto investor and analyst Crypto Dog believes it’s time for the grand rise of Bitcoin (BTC). According to the analyst’s forecast on Twitter, the third halving event will follow a new ‘biggest growth’ period in 6-12 months. Thus, the leading cryptocurrency can witness a serious rise between November 2020 and May 2021.
This is far from controversial, but I tend to think the biggest growth on $BTC will be seen 6-12 months out from the halving.
— The Crypto Dog📈 (@TheCryptoDog) April 20, 2020
The analyst stated that this point of view is ‘uncontested’.
This analyst’s prediction appears to contradict the views of other experienced analysts. For example, Dutch crypto trader Michael van de Poppe suggested that all Bitcoin (BTC) hodlers’ ‘lower their expectations’ and stop waiting for the summit in 2021 or even in 2022. According to him, the period of 2023-2024 seems ‘more natural’ for a summit.
Coins to Consider
Crypto Dog also mentioned a few coins to watch out for. Besides the well-known high-tech cryptocurrencies Chainlink (LINK) and Tezos (XTZ), the trader is more closely interested in Ethereum (ETH), Matic Network Token (MATIC) and a few altcoins.