Bitcoin’s post-halving cycle still has room to grow, says analyst

On-chain analyst oinonen_t stated in a CryptoQuant post that Bitcoin (BTC) remains in its post-halving cycle despite the possibility of a technical correction. He highlighted that BTC surged 686% following the 2020 halving, whereas its post-halving increase since April 2024 stands at just 63%, suggesting further upside potential. Additionally, business intelligence and BTC-focused firm Strategy (formerly MicroStrategy) continues to accumulate BTC, reflecting strong institutional demand and serving as a leading indicator for price movements. The post also stated that macroeconomic events, such as a potential armistice in Ukraine, could significantly boost risk asset prices, including BTC.