Delphi Digital Co-founder: The 2024 Bitcoin halving event may signal a historic high by the end of next year

ChainCatcher news, Kevin Kelly, co-founder of Delphi Digital, stated that technical indicators, macroeconomic data, and other factors suggest that the cryptocurrency market is in the early stages of a new cycle. The upcoming Bitcoin halving event in 2024 may indicate that Bitcoin will reach a new all-time high by the end of next year.

At the same time, Kevin Kelly warned that there is no guarantee this cycle will play out in the same way, so the market may experience more adjustments. "The crypto market may see another small sell-off or price consolidation period, especially after the strong rebound over the past 9 months (similar to the second half of 2019)."