BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Bitcoin Price Prediction: Where Could BTC Reach After Halving?

BlockNews Team by BlockNews Team
September 6, 2023
in CRYPTO, FINANCE, INVESTING
Reading Time: 4 mins read
3
SHARES
49
VIEWS
Share on XShare in TelegramShare on Reddit
  • Bitcoin could rally up to 600% above the current price, according to Lark Davis, .
  • The run up to $180,000 may occur during the markup phase following the next Bitcoin halving event.
  • In the meantime, BTC is bearish and may make a drawdown to $15,000 before recovery.

Bitcoin (BTC) could soar 600% from the current price after halving, according to a renowned crypto investor and founder of Wealth Mastery Lark Davis. Davis said this in a  recent post on X (formerly Twitter) noting that the accumulation before BTC halving events in the past have presented the best times to build positions.

The accumulation period before a BTC halving has historically been the best time to build a position.

The mark up phase post halving this time could see Bitcoin rally up to 5-600% above the current price if we assume a bull top at 150-180k.

This period won't last forever. pic.twitter.com/HK4KPL95jt

— Lark Davis (@TheCryptoLark) September 3, 2023
Via
@TheCryptoLark
– X

According to Davis:

“The mark up phase post halving this time could see Bitcoin rally up to 5-600% above the current price if we assume a bull top at 150-180k.”

Davis explained that BTC’s acceleration to the projected 600% rally will occur during the markup phase that will come immediately after the next Bitcoin halving event. He also said that his predicted target derives from the assumption that the resulting peak from the current Bitcoin price is between $150,000 and $180,000.

“Bitcoin halving is when the reward for Bitcoin mining is cut in half. Halving takes place every four years. The halving policy was written into Bitcoin’s mining algorithm to counteract inflation by maintaining scarcity”

The next Bitcoin halving is expected to take place in April 2024, and the system will continue until roughly 2140 when all Bitcoin is mined. Halving decreases the number of BTC coins released into circulation creating a sense of scarcity. This, in turn, leads to an increase in Bitcoin price as demand increases.

Davis used a weekly chart to further elaborate on his analysis. The chart showed the consistent cyclic behavior displayed by the Bitcoin price action over the previous halving events.

From his illustration, there are an average of 75 weekly bars in every accumulation period before the Bitcoin halving. Hence, Bitcoin is currently deep into accumulation, with several weeks to go.

It is worth noting that the extent of Bitcoin’s price movement based on Davis’ cyclic analysis reveals a diminishing trend. Both the bearish and bullish price movements reveal a diminishing return with every new cycle.

Therefore, the projected 600% post-halving rally is less than the previous bull run, which was 724%.

Bitcoin Price Analysis

In the meantime, Bitcoin is trading in a fourth straight bearish weekly session as shown in the chart below. The market sentiments remain bearish at the moment with the Relative Strength Index (RSI) moving within the negative region. The price strength at 43 suggested that there were more bears than bulls in the market.

As such, weekly candlestick close below the $25,000 demand zone would bring the support at $24,192, embraced by the 100-weekly Simple Moving Average (SMA) into the picture. Below this, a move to the $20,000 psychological level or the $15,000 demand zone would be the next logical move.

This could be where the downside is capped for BTC, allowing bulls to regroup and buy more BTC at a discount, before making another attempt at recovery.

BTC/USD Weekly Chart

On the upside, Bitcoin could turn up from the current level to confront resistance from $28,000 or the 50 SMA at $28,220. The next hurdle would be the lower boundary of the ascending parallel channel at $29,500.

Overcoming this barrier would propel BTc to revisit the equal highs around $32,000 or break above this stubborn supplier zone toward the technical target of the governing chart pattern at $35,800. This would bring the total gains to 40%.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BitcoinMarket analysisPrice Prediction
Tweet1ShareShare
BlockNews Team

BlockNews Team

DON'T MISS THESE! HOT OFF THE PRESS

Bitcoin vs. Gold: Schiff Says BTC is Weak—Will Bulls Prove Him Wrong?
BITCOIN

Bitcoin vs. Gold: Schiff Says BTC is Weak—Will Bulls Prove Him Wrong?

September 6, 2025
Traders Brace for Action: Chainlink’s $22 Level Could Decide Its Future
CHAINLINK

Traders Brace for Action: Chainlink’s $22 Level Could Decide Its Future

September 6, 2025
$3.38B Bitcoin Options Expiry Sparks Fears of September Volatility
BITCOIN

$3.38B Bitcoin Options Expiry Sparks Fears of September Volatility

September 6, 2025
Institutional Money Eyes Avalanche: Here’s Why AVAX Might Be Headed for Its Next Major Rally
CRYPTO

Institutional Money Eyes Avalanche: Here’s Why AVAX Might Be Headed for Its Next Major Rally

September 6, 2025
SUI Bulls Regain Control — Will the Token Push Toward $3.50 and Beyond?
CRYPTO

SUI Bulls Regain Control — Will the Token Push Toward $3.50 and Beyond?

September 6, 2025
Did Justin Sun betray WLFI? Tokens frozen after dump allegations.
BUSINESS

Did Justin Sun betray WLFI? Tokens frozen after dump allegations.

September 6, 2025
Load More

Related News

Bitcoin vs. Gold: Schiff Says BTC is Weak—Will Bulls Prove Him Wrong?

Bitcoin vs. Gold: Schiff Says BTC is Weak—Will Bulls Prove Him Wrong?

September 6, 2025
Traders Brace for Action: Chainlink’s $22 Level Could Decide Its Future

Traders Brace for Action: Chainlink’s $22 Level Could Decide Its Future

September 6, 2025
$3.38B Bitcoin Options Expiry Sparks Fears of September Volatility

$3.38B Bitcoin Options Expiry Sparks Fears of September Volatility

September 6, 2025
Institutional Money Eyes Avalanche: Here’s Why AVAX Might Be Headed for Its Next Major Rally

Institutional Money Eyes Avalanche: Here’s Why AVAX Might Be Headed for Its Next Major Rally

September 6, 2025
SUI Bulls Regain Control — Will the Token Push Toward $3.50 and Beyond?

SUI Bulls Regain Control — Will the Token Push Toward $3.50 and Beyond?

September 6, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews