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$BTC Will Bitcoin also rise after the 2024 halving?

Typically, Bitcoin prices continue to rise for a few months after a one-month halving, rising, on average, for seven months. However, this rally is also seen as a warning sign of what will inevitably be a market crash or crash, as many investors, especially long-term investors, sell their Bitcoin holdings and take advantage of the post-short gains. to the half.

On the other hand, analysts expect Bitcoin's price movements to be slightly different following the upcoming halving, as Bitcoin has already experienced considerable rallies, and even new all-time highs, prior to the halving itself. In this way, the entire price cycle that usually surrounds this event seems to have become much more compressed.

Brett Hillis, a partner at Reed Smith, said in an email note: "This cycle's halving is unique. Historically, halvings have driven significant price increases, but on this occasion, Bitcoin has already "It's not far from record levels."

"It is difficult to say whether this could limit the price rise, but we could expect some volatility. In such circumstances, we could see a significant increase in disputes within the cryptocurrency ecosystem.

"The SEC's approval of Bitcoin spot ETFs was a morale booster for the market in January, and the recent ETF approval in Hong Kong has further boosted values. Regulatory approvals of investment products based in Bitcoin allow regulated retail investment in the asset class, which can dampen the volatility we often witness

#Bitcoin! Always buy the dips, buying at the high point always brings losses in the stable season, buy the dip, the bullish season will begin in October and end in March 2025

#Bitcoin Black Rock's entry into the Crypto world will make this cycle the largest, similar to that of 2017

#Bitcoin This cycle will be the biggest bomb 💣 ever seen thanks to the ETFS and the arrival of the halving

$BTC #Bitcoin: Half of the Bitcoin bull market is over, the next half will be legendary

$BTC TechDev, a very popular analyst on

The expert used the “Bollinger Bands” indicator, highly valued among investors. It is used to measure the momentum and volatility of an asset within a certain range. They can also signal if the asset is overbought when prices touch the upper band and oversold if it touches the lower band.

Quantfury
The truth is that the expert also found that this same situation has happened three times in the past and, each time it occurred, Bitcoin doubled. If TechDev's forecast comes true again, BTC will be trading close to $140,000 by July 2024.