In the past, Bitcoin halvings were typically followed by a period of consolidation followed by significant price increases.
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This can be traced back to past cycles: accumulating the year before the reward reduction for miners turned out to be profitable. There is also consolidation now after the last halving, which may indicate a repeat of this trend. According to forecasts, the price of Bitcoin could reach $150,000 in the current cycle.
As for Ethereum, the ETH/USD pair is currently between support and resistance levels without significant movement. However, the ETH/BTC pair is declining, which indicates the superiority of Bitcoin over Ethereum. This is especially interesting in light of the upcoming launch of the Ethereum spot ETF on the 23rd.
Grayscale may sell some of its assets during this event, repeating its strategy with Bitcoin. Despite this, long-term demand for Ethereum is expected to grow.
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