{"id":134673,"date":"2024-08-01T15:15:30","date_gmt":"2024-08-01T12:15:30","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134673"},"modified":"2024-08-01T13:19:59","modified_gmt":"2024-08-01T10:19:59","slug":"analyst-predicts-major-bitcoin-rally-despite-possible-short-term-drop","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/analyst-predicts-major-bitcoin-rally-despite-possible-short-term-drop\/","title":{"rendered":"Analyst Predicts Major Bitcoin Rally Despite Possible Short-Term Drop"},"content":{"rendered":"<p>Kaleo highlighted <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin\u2019s<\/a><\/strong> historic price movements, noting that since the 2012 halving, its value has skyrocketed over 500,000%, from $12 to nearly $70,000.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Bitcoin<\/a> \/ <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$BTC<\/a><\/p>\n<p>Since the 2012 halving, Bitcoin is up more than 500,000% from $12 to nearly $70K.<\/p>\n<p>The majority of that price discovery happened in three windows that lasted a grand total of less than two years.<\/p>\n<p>The other ~10 years? BTC was either moving sideways or down.<\/p>\n<p>Each\u2026 <a href=\"https:\/\/t.co\/cEyn4Bv9sM\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/cEyn4Bv9sM<\/a><\/p>\n<p>\u2014 K A L E O (@CryptoKaleo) <a href=\"https:\/\/twitter.com\/CryptoKaleo\/status\/1817999548071166209?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">July 29, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>These dramatic increases have occurred in three distinct periods, each following a halving event, with other times marked by relatively stable or declining prices.<\/p>\n<p>He observed that Bitcoin\u2019s current price behavior is similar to past patterns after previous halvings, suggesting that another significant rally could be on the horizon. The most recent halving, which cut mining rewards in half, occurred in April.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/global-crypto-trading-set-to-explode-in-2024\/\" title=\"Global Crypto Trading Set to Explode in 2024\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/hands-holding-world-globe_DPC_block-e1688044160236-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Global Crypto Trading Set to Explode in 2024<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>However, Kaleo warned that Bitcoin might first dip to around $40,000 before potentially reaching new highs. He advised that, despite possible short-term declines, this could be an ideal time to invest, as substantial upward movement might be approaching.<\/p>\n<p>Kaleo also <strong><a href=\"https:\/\/x.com\/CryptoKaleo\/status\/1817977279441682929\" target=\"_blank\" rel=\"nofollow\">forecasted<\/a><\/strong> a potential drop in Ethereum (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">ETH<\/a><\/strong>) to about $2,400 before an expected rise to $4,600, indicating similar future price movements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Popular crypto analyst, known as Kaleo, predicted that Bitcoin might soon enter a new phase of price discovery, where it trades at record levels never seen before.<\/p>\n","protected":false},"author":3,"featured_media":72861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-134673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Analyst Predicts Major Bitcoin Rally Despite Possible Short-Term Drop<\/title>\n<meta name=\"description\" content=\"Popular crypto analyst, known as Kaleo, predicted that Bitcoin might soon enter a new phase of price discovery, where it trades at...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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