🎉 24 days countdown to Bitcoin halving! 🎉 Do you still remember the last Bitcoin halving? That was a key event that catalyzed the price of Bitcoin to reach an all-time high. So, what impact will this halving have? Let’s chat!
Historically, halving events reduce the new supply of Bitcoin by half, leading to significant price appreciation and new all-time highs. And this time, we've reached some all-time highs ahead of schedule, which has filled the market with excitement and jitters. So, will we peak early?
Some people think so. Bitcoin trader Bob Loukas has proposed a theory that the current cycle is progressing faster than usual. His theory is that Bitcoin is in its final 4-year cycle, part of a broader 16-year pattern that new technologies follow.
This pattern is called a "left-shifting cycle", where the top of the cycle occurs before the midpoint mark and will usher in a long-term bear market. Debate over this theory has taken up a lot of space on Twitter over the past few months.
So, will this halving really bring different results? With the halving just around the corner, let’s look at Bitcoin’s cyclical behavior and see what’s different and what’s the same this cycle.
What impact do you think this Bitcoin halving will have? Welcome to speak freely in the comment area and discuss together! 😄