Next Crypto Market Boom to Happen After Bitcoin Halving: Analyst
- The analyst said the crypto market will see lower lows before hitting a bull rally post-halving.
- A crypto analyst said the U.S. Fed’s recession predictions align with the next crypto bear market.
- He predicted 2027 as the next bear market, around the same time the U.S. Fed pointed to a recession.
Crypto analyst Dan Gambardello said, in a recent video on YouTube, that the recent statements of the U.S. Federal Reserve mirror the future of the crypto market. According to the video, the recession prediction by the Fed aligns with the next crypto bear market.
While referencing historical charts, Gambardellot noted the similarities between previous bear and bull markets. Per the video, the U.S. Fed’s prediction for a “soft landing” will happen when the crypto market is expected to take “a breather.”
The “soft landing” that the analyst predicted comes right before the Bitcoin halving, which is set to happen in April of next year. Furthermore, historical data showed that the crypto markets often hit lower lows before halving.
The analyst added that the next crypto market boom would happen right after the halving. He mentioned that the next bear market after the bull rally will be in 2027, in sync with the Fed’s 2027 recession prediction.
The current bear market is one of the worst the crypto market has ever seen. The bearish condition, which began last year, worsened following several crypto institutional collapses and increased regulatory scrutiny.
At the time of writing, the overall crypto market capitalization is down by 1.18%. Even though major tokens saw significant increases recently, a lot of them have since shed their gains.
Data from CoinMarketCap shows that Bitcoin has declined by 1.14% in the last 24 hours. Ethereum, the second-largest crypto network by market cap, also recorded a 1.37% loss in the same period.
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