š§Over the next 50-100 days, BTC may show a large increase in price.
ā¢This surge will correspond to the cycles of price changes after halving, which happens every four years.
ā¢Previous Bitcoin halvings caused a rise to new historical highs a few months after the supply was reduced and new coins were issued.
āļøThis year there is no reason to believe that the situation will not repeat itself.
š”After the US Securities and Exchange Commission (SEC) approved Bitcoin-based exchange traded funds (ETFs) in January 2024, BTC reached a new historical the maximum was at the level of $73,750.
ā¢After halving, the cryptocurrency did not show any significant results, however, they can be achieved in the last quarter year. Over the past seven days, Bitcoin has fallen by 8.5%, and over the past 30 days ā by 10.47%.
ā¢Relative to its historical maximum, BTC lost 20.13%, and its maximum in August reached $65 593.24.#halvinngbitcoin #CryptoMarketMoves #
