After the BTC halving, exchange rates tend to drop.
Typically, when BTC supply becomes scarce in the market after halving, miners who held old BTC coins start sending them out to take advantage of the higher prices.
Additionally, whales sitting within the broader market also benefit from this situation and often begin withdrawing their funds during this time. As for how far the downtrend goes after BTC #halving , it usually extends beyond our initial expectations.
However, the average retracment for a downtrend cycle is around 19%.
Now, what should we do?
The best approach is to wait until the post-halving downtrend cycle concludes, and then the bullish cycle begins.
Looking at historical data, the bull cycle often arrives within three to six months after the halving. However, keep in mind that the current situation may differ, and this cycle could manifest sooner.
Based on my research, the ideal duration for this cycle to occur is within 20 to 90 days.” 🚀📉
Remember that cryptocurrency markets can be volatile, and various factors can influence price movements. It’s essential to stay informed and make informed decisions based on your risk tolerance and investment goals. 😊 #DYOR
