He explained,
Over the past two halvings, there have been very clear positive impulses. They start about a year and a quarter prior to the halving and they go for about 440 days after the halving. And what’s typically happened is the markets have gone up a bit into the halving, and then after the halving, over the next 440 days, they go up a ton.
Morehead said bitcoin was projected to reach $115,000 by August 2021, based upon Pantera’s stock-to-flow analysis of previous halvings.
Article Produced By
Michael Lavere
Mike is a financial and cryptocurrency journalist for CryptoGlobe covering the industry since 2017. Mike is an alumnus of the University of North Carolina Chapel Hill.
