Less than 24 hours after the much-anticipated halving event, Bitcoin’s value fell dramatically from its April 19 peak of $64,000 to $59,644. Investors reacted quickly to the new supply rate, sparking a sell-off that led to the initial drop. However, the market was resilient as Bitcoin recovered its lost ground, pushing its price back above $65,000.

Market Reaction and Price Volatility

The rebound to $65,714 showed strong buyer interest at lower levels, but the upward process was not smooth. After a series of price corrections, Bitcoin tested the $63,000 mark several times. Each recovery attempt was met with a brief sell-off, reflecting the continued uncertainty and speculative trading that usually follows a halving event.

Conclusion

Bitcoin’s recent price trajectory demonstrates the high-risk and high-reward nature of cryptocurrency investing. As the market digests the halving event and reacts to external pressures, participants should be prepared for more unpredictable volatility. The key takeaway? Volatility is not going away, and navigating it requires smart decisions and a steady will. (The above is only my personal opinion)