#write2earn🌐💹 #bitcoinhalving #Megadrop #Token2049 #erite2earIs the Bitcoin Halving Already Priced In? JPMorgan Expects Bitcoin to Tank After the Upcoming Event

On April 20, or when a Bitcoin miner mines block number 840,000, the amount of Bitcoin (BTC) entering into circulation will be reduced by half from about 900 a day to a mere 450.

Institutional investors’ strong demand for purchasing the new spot Bitcoin exchange-traded funds (ETFs) and BTC’s history of displaying a parabolic uptrend after supply-halving events are the reasons why investors highly anticipate this week’s event.

However, analysts from JPMorgan have suggested that the quadrennial halving is already priced in. As such, they expect the Bitcoin price to see a massive dump after the event instead of pumping.

Bitcoin Halving Rally Priced In

JPMorgan sees a Bitcoin downturn after the incoming halving as the event is likely priced in.