2028 Bitcoin halving may hit $435,000 based on past trends

Bitcoin's (CRYPTO:BTC) price has witnessed a significant surge, approximately 650% since the last halving in 2020, currently standing around the $66,000 mark.

This rally is often linked to the cyclic nature of Bitcoin halvings, with the upcoming 2024 event less than three weeks away.

Historically, if Bitcoin's performance mirrors its current trajectory, the price could potentially soar to $435,000 by the 2028 halving.

However, Bybit's Yang emphasizes that the present rally is largely fueled by ETF inflows, suggesting a deviation from the traditional halving-induced bull cycles.