๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐๐ฎ๐น๐๐ถ๐ป๐ด: ๐ช๐ต๐ฎ๐ ๐๐ผ ๐๐ ๐ฝ๐ฒ๐ฐ๐
๐๐๐ฒ๐ป๐ ๐ข๐๐ฒ๐ฟ๐๐ถ๐ฒ๐๐ Bitcoin's upcoming halving, expected around block number 840,000, will cut the rate of new Bitcoin creation in half, from 900 to 450 per day.
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ข๐๐๐น๐ผ๐ผ๐ธ Analysts at JPMorgan suggest that the market may have already priced in the halving, potentially leading to a post-event price downturn instead of a rally.
๐๐ฎ๐ฐ๐๐ผ๐ฟ๐ ๐๐ผ๐ป๐๐ถ๐ฑ๐ฒ๐ฟ๐ฒ๐ฑ Overbought conditions in Bitcoin futures, current price levels compared to projections, and subdued venture capital funding contribute to this perspective.
๐ ๐ถ๐ป๐ฒ๐ฟ ๐๐บ๐ฝ๐ฎ๐ฐ๐ Attention is also on Bitcoin miners, with expectations of consolidation and adjustments as profitability dynamics shift.
๐๐ผ๐บ๐บ๐๐ป๐ถ๐๐ ๐๐ป๐๐ถ๐ฐ๐ถ๐ฝ๐ฎ๐๐ถ๐ผ๐ป Despite differing opinions, the crypto community eagerly awaits the event's implications for Bitcoin's scarcity and future price trajectory.
#bitcoinhalving #BullorBear #write2earn๐๐น #Bitcoinโ๏ธ
