November 28 is critical for Bitcoin price: So why? - Coinleaks
Current Date:September 21, 2024

November 28 is critical for Bitcoin price: So why?

The date of November 28, 2025 is seen as critical for the Bitcoin price. The “halving theory” is seen behind why expert analysts chose this date. According to this new theory, the halving cycle marks some critical dates…

Critical date for Bitcoin price

There are various theories regarding Bitcoin halving events and their impact on market cycles. On September 8, technical analyst CryptoCon announced a date dating back to November 28. Bitcoin halvingproposed market cycle theory.

The analyst said the pattern has existed since the beginning of Bitcoin price history, which was mid-July 2010.

The theory is based on the first two halving dates, November 28, 2012 and July 9, 2016. CryptoCon, who shared a post about the issue on its social media account, used the following statements:

“4-year cycles are inferred from November 28th, with July 9th marking inner cycle milestones.”

Alternative halving cycle theories: Why November 28?

four years of each cycle; accumulation, fair value and preparation are divided into bull market and bear market with new peak. Using these annual phases, each cycle so far has rotated about 21 days before or after November 28, which marks the bottom.

Saying that future predictions can also be based on this, the expert predicted that Bitcoin will determine the next early peak 21 days before or after July 9, 2024. Next cycle top according to model 21 days before or after 28 November 2025 will be. According to this theory, when the Bitcoin price is analyzed, it is currently in the cooling bear market phase.

There are other theories that suggest market cycles have nothing to do with halvings in determining Bitcoin price. For example, market watchdog “Pledditor” said on September 5, “Bitcoin’s four-year cycles are just coincidences and have little to do with halvings.” said.