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The decline of Bitcoin in January is nothing new in 'the years after halving'
Bitcoin has dropped 10% this month, but analysts say the price has historically decreased by 25% to 30% in January after previous halving events.
According to analysts who have compared previous cycles, a significant correction of Bitcoin in the first month of the year following a halving event is not unusual in history.
"The sell-off of Bitcoin in January has historically been a common phenomenon in the years after halving," cryptocurrency analyst Axel Bitblaze told his 123,000 followers on X on January 12. "We all know what happened after the sell-offs in 2017 and 2021."
Bitcoin has lost 10% this month, dropping from a high of $102,300 on January 7 to just below $92,000 before recovering slightly and is now hovering around $94,000.
In January 2021, the most recent year after halving, Bitcoin fell more than 25% from over $40,000 to just over $30,000 by the end of the month. It then soared 130% to a new all-time high of $69,000 in November.
In January 2017, a year after the 2016 halving, Bitcoin decreased by 30%, from $1,130 to $784. It then surged 2,400% that year, reaching an all-time high of $20,000 in December.
Bitcoin has lost 10% this month, dropping from a high of $102,300 on January 7 to just below $92,000 before recovering slightly and is now hovering around $94,000.
#Havling
77348997763
Bitcoin has dropped 10% this month, but analysts say the price has historically decreased by 25% to 30% in January after previous halving events.
According to analysts who have compared previous cycles, a significant correction of Bitcoin in the first month of the year following a halving event is not unusual in history.
"The sell-off of Bitcoin in January has historically been a common phenomenon in the years after halving," cryptocurrency analyst Axel Bitblaze told his 123,000 followers on X on January 12. "We all know what happened after the sell-offs in 2017 and 2021."
Bitcoin has lost 10% this month, dropping from a high of $102,300 on January 7 to just below $92,000 before recovering slightly and is now hovering around $94,000.
In January 2021, the most recent year after halving, Bitcoin fell more than 25% from over $40,000 to just over $30,000 by the end of the month. It then soared 130% to a new all-time high of $69,000 in November.
In January 2017, a year after the 2016 halving, Bitcoin decreased by 30%, from $1,130 to $784. It then surged 2,400% that year, reaching an all-time high of $20,000 in December.
Bitcoin has lost 10% this month, dropping from a high of $102,300 on January 7 to just below $92,000 before recovering slightly and is now hovering around $94,000.
#Havling
77348997763
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Why Did Reef Rise? Do You Think It Will Be $1 In This Bull 🐂+📈=🚀Season??? #REEF #hot #kripto #boğasezonu #havling
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Why did coins drop -10 overnight? Bitcoin lost $3000 in value overnight. The dollar lost value. What is the reason for this?!!! Reason📈 I think there is a correction before this toweling📈 Those who have cash can make an evaluation instead of getting caught up in the fomo🚀 But it is not an investment advice, remember this. Those who are patient will win!!! 🚀
#bitcoin #pepe #PEPE #Ayısezonu #havling
#bitcoin #pepe #PEPE #Ayısezonu #havling
🔥🔥🔥A halving of Bitcoin in 2024🔥🔥🔥
It is yet another factor that influences and generates Bitcoin price forecasts for the year 2024. Bitcoin is rare because of two basic reasons. To begin, 21 million bitcoins is the absolute maximum. Cutting anything in half is the second rule. The pace of new bitcoins being added to the system is half every four years.
The management of the supply of new Bitcoins is aided by this halving occurrence. For this reason, many people see Bitcoin not as a medium of exchange but as a store of value, on par with gold. Media attention, speculation, and buzz around the impending halving might affect purchasing behavior and, in the near term, cause prices to rise. That is, both now and in the future. For additional information on how the halving of Bitcoin's price will play out, please refer to the article that follows.
Bitcoin exchange-traded funds (ETFs)
High volatility, an absence of a regulatory framework, challenges storing digital assets, and the possibility of hacking commercial sites are some of the reasons why many private investors and traders are still wary of investing in the cryptocurrency market. These concerns, along with those of other traders and investors, might be alleviated by means of ETFs and similar financial products.
Bitcoin exchange-traded funds (ETFs) have been the buzz of the crypto world for months, and their approval might affect the price of Bitcoin and the whole crypto market. Some have even speculated that this conversation is a major factor in Bitcoin's current surge in value. Even though this is not a forecast, we must nonetheless include it in the subject list since approval is imminent.
Reminder : Don't forget if you can give me a small tip 💕 to support me and encourage me to continue and thank you.
#havling #BTC #TrendingTopic #update #Signal🚥
It is yet another factor that influences and generates Bitcoin price forecasts for the year 2024. Bitcoin is rare because of two basic reasons. To begin, 21 million bitcoins is the absolute maximum. Cutting anything in half is the second rule. The pace of new bitcoins being added to the system is half every four years.
The management of the supply of new Bitcoins is aided by this halving occurrence. For this reason, many people see Bitcoin not as a medium of exchange but as a store of value, on par with gold. Media attention, speculation, and buzz around the impending halving might affect purchasing behavior and, in the near term, cause prices to rise. That is, both now and in the future. For additional information on how the halving of Bitcoin's price will play out, please refer to the article that follows.
Bitcoin exchange-traded funds (ETFs)
High volatility, an absence of a regulatory framework, challenges storing digital assets, and the possibility of hacking commercial sites are some of the reasons why many private investors and traders are still wary of investing in the cryptocurrency market. These concerns, along with those of other traders and investors, might be alleviated by means of ETFs and similar financial products.
Bitcoin exchange-traded funds (ETFs) have been the buzz of the crypto world for months, and their approval might affect the price of Bitcoin and the whole crypto market. Some have even speculated that this conversation is a major factor in Bitcoin's current surge in value. Even though this is not a forecast, we must nonetheless include it in the subject list since approval is imminent.
Reminder : Don't forget if you can give me a small tip 💕 to support me and encourage me to continue and thank you.
#havling #BTC #TrendingTopic #update #Signal🚥
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Sharp declines continue to occur in the cryptocurrency industry. Although the leading cryptocurrency Bitcoin (BTC) did not experience a significant withdrawal today, increases in BTC dominance triggered the collapse in altcoins.
Recently, QCP, a successful analytics company, shared a new report about the recent declines and linked these declines with war developments in the Middle East.
Wu Blockchain, a China-based crypto newspaper, shared the latest report of QCP with the following information on its X/Twitter account:
“The trigger for the recent declines was the threat of Iranian retaliation against Israel, and this caused a sell-off among all risky assets.
This move took the market by surprise and perpetuity funding fell to negative (below -40%) levels.
While there is about a week left until the Bitcoin halving, we expect BTC to have difficulty getting out of the 64 thousand - 73 thousand dollars range in the short term.”
QCP experts think that Bitcoin will accumulate in the range of 64 thousand - 73 thousand dollars for a while, and expect the rise in BTC and altcoins to continue in the long term.
Not Investment Advice
#btc #Binance #Palestine #eth #havling
Recently, QCP, a successful analytics company, shared a new report about the recent declines and linked these declines with war developments in the Middle East.
Wu Blockchain, a China-based crypto newspaper, shared the latest report of QCP with the following information on its X/Twitter account:
“The trigger for the recent declines was the threat of Iranian retaliation against Israel, and this caused a sell-off among all risky assets.
This move took the market by surprise and perpetuity funding fell to negative (below -40%) levels.
While there is about a week left until the Bitcoin halving, we expect BTC to have difficulty getting out of the 64 thousand - 73 thousand dollars range in the short term.”
QCP experts think that Bitcoin will accumulate in the range of 64 thousand - 73 thousand dollars for a while, and expect the rise in BTC and altcoins to continue in the long term.
Not Investment Advice
#btc #Binance #Palestine #eth #havling
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Dear friends;
If you look at my old posts, you will see that what we said is that you need to read the stock market well. What I mean by reading is not just data analysis, I mean understanding how much it is affected by external factors and who manipulates the market. Currently, there are many people in the crypto world who lost their property, took out loans and went bankrupt, as we said before, download some of them and move on. Because those who made large-scale investments dropped the market before toweling off and small investors will add their money to their treasury when it rises, I mean, don't lose it too, be patient, after all, they will have it done to regain the huge money they left inside and why shouldn't we win with them? Be alert, bull season is just beginning, good luck, friends. $BTC #havling #BOĞADAYIZ
If you look at my old posts, you will see that what we said is that you need to read the stock market well. What I mean by reading is not just data analysis, I mean understanding how much it is affected by external factors and who manipulates the market. Currently, there are many people in the crypto world who lost their property, took out loans and went bankrupt, as we said before, download some of them and move on. Because those who made large-scale investments dropped the market before toweling off and small investors will add their money to their treasury when it rises, I mean, don't lose it too, be patient, after all, they will have it done to regain the huge money they left inside and why shouldn't we win with them? Be alert, bull season is just beginning, good luck, friends. $BTC #havling #BOĞADAYIZ
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Why did coins drop -10 overnight? Bitcoin lost $3000 in value overnight. The dollar lost value. What is the reason for this?!!! Reason📈 I think there is a correction before this toweling📈 Those who have cash can make an evaluation instead of getting caught up in the fomo🚀 But it is not an investment advice, remember this. Those who are patient will win!!! 🚀#bitcoin#pepe#pepe#Bearseason #havling
#Btc
➡ DID YOU KNOW THE HISTORY OF HALVINGS ❓
1st ✅ In 2012 bull run was started 48 days after Halving
2nd ✅ In 2016 bull run was started 250 days after Halving.
3rd ✅ In 2020 bull run was started 150 days after Halving
4th ✅ the 2024 Halving is 2 days away.19 april.
Prepare yourself, do your research, and then ONLY invest‼️
In reality, nobody can exactly PREDICT if we will be at 42k or at 79k$ $BTC
Good Luck! Happy Halving Party!
Rewa chand
#bitcoinhalvingn #havling #bitcoin #BullorBear
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➡ DID YOU KNOW THE HISTORY OF HALVINGS ❓
1st ✅ In 2012 bull run was started 48 days after Halving
2nd ✅ In 2016 bull run was started 250 days after Halving.
3rd ✅ In 2020 bull run was started 150 days after Halving
4th ✅ the 2024 Halving is 2 days away.19 april.
Prepare yourself, do your research, and then ONLY invest‼️
In reality, nobody can exactly PREDICT if we will be at 42k or at 79k$ $BTC
Good Luck! Happy Halving Party!
Rewa chand
#bitcoinhalvingn #havling #bitcoin #BullorBear
✅Follow
✅Like
✅Share
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Will Bitcoin's Target Price Be $100,000!!! The question was very much asked to me 👍🏼 My answer is that of course $ 100k $ 📈 $ before a so-called keriz will be shaking before 📈 60,000 $ 58,000 🐂 $ 58,000 🐂 immediately after the havling will suddenly rise up to $ 100,000-108,000 🚀 I see the investment advice !!! #pepe #bitcoin #havling #btc100k #hodl
There are only 67 days left for the next #Bitcoin halving.
Are you ready?
#Write2Earn #BTC #havling #TradeNTell #ORDI
Are you ready?
#Write2Earn #BTC #havling #TradeNTell #ORDI
JUST IN: The #Bitcoin halving is now less than 100 days away 💥
New ATH incoming? 🚀 #BTC #havling #ETFDecisionComingSoon
New ATH incoming? 🚀 #BTC #havling #ETFDecisionComingSoon