Market observers predict that Bitcoin's current sideways price action could turn bullish as early as November if it follows similar patterns to previous cycles leading up to a halving event. Historically, November 21 has been a key pivot point for Bitcoin's price to begin trending upward as it heads towards the next halving.
Self-proclaimed crypto trader "Mags" notes that BTC is currently sitting 60% below its all-time high at around 200 days before its scheduled halving, similar to 2015 and 2019. The Bitcoin halving is around six months away and will occur in late April or early May, with analysts predicting the next major bull market to come in the year that follows.
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