{"id":17319,"date":"2024-04-04T17:15:28","date_gmt":"2024-04-04T17:15:28","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=17319"},"modified":"2024-04-04T14:44:01","modified_gmt":"2024-04-04T14:44:01","slug":"an-executive-gives-a-date-for-bitcoins-435k-target","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/an-executive-gives-a-date-for-bitcoins-435k-target\/","title":{"rendered":"An Executive Gives a Date for Bitcoin’s $435K Target"},"content":{"rendered":"

The cryptocurrency exchange manager gave a date for Bitcoin<\/a> to reach a price band of 435 thousand dollars. In a statement, Hao Yang, Bybit’s head of financial products, analyzed Bitcoin’s halving events throughout history. As a general overview, he suggested that Bitcoin could reach a price band of $435,000 in the 2028 halving period.<\/p>\n

Yang noted that Bitcoin<\/a> has increased by about 650% since its last halving and emphasized that these 4-year cycles have caused a significant rise in prices.<\/p>\n

He suggested that if history repeats itself, the current price of $ 66,000 could rise to $ 435,000 in the next 4 years:<\/p>\n

“When halving and price trends are examined from a very careful quantitative perspective, there is no evidence to support a positive correlation between the halving event and the BTC price. But history can be interpreted in many different ways. I certainly hope for $435,000 by 2028, but I’m not holding my breath.” Bitcoin is currently trading at $66,300, up 0.5% in the last 24 hours, according to CoinGecko data.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency exchange manager gave a date for Bitcoin to reach a price band of 435 thousand dollars. In a statement, Hao Yang, Bybit’s head of financial products, analyzed Bitcoin’s halving events throughout history. As a general overview, he suggested that Bitcoin could reach a price band of $435,000 in the 2028 halving period. Yang<\/p>\n","protected":false},"author":6,"featured_media":17250,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,7,2],"tags":[61,89],"class_list":["post-17319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-market-analysis","category-news","tag-bitcoin","tag-bitcoin-halving"],"yoast_head":"\nAn Executive Gives a Date for Bitcoin's $435K Target - Coin Engineer<\/title>\n<meta name=\"description\" content=\"An Excutive gives a date according to historical circle for Bitcoin's 435.000 dollar price target. 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