🟡 What to expect after halving?
Friends, we are just hours away from the BTC halving. This is the very event we have been waiting for along with ETF adoption. First, I suggest to remember the basic concepts:
After halving, the rewards for BTC mining will be reduced by 2 times. This event happens every 4 years. It protects against inflation and usually has a positive effect on the price.
🔺 So what should we expect after the halving?
Judging by past market cycles, the price will set a new historical maximum in the next 5-6 months. But it's hard to give a more accurate prediction, as the market cycles are now completely out of time. BTC updated ATH even before the halving. Everything has changed.
Analyzing the chart, we will see that the BTC price peaked on the 11th and 18th month after the halving. And in the first 3 months basically nothing significant happened (the price stood sideways)
🔎 By the way, JPMorgan is predicting Bitcoin's decline.
In their opinion, BTC is now in the overbought zone according to the open interest analysis. This indicates a high risk of a post-halving correction. They also explained their forecast by the rising costs of miners and low venture capital funding.
❕ But the most important thing for us is that in the long run it always leads to growth. The main thing is that if there is a fall, we should keep calm. He who knows how to wait wins in the market.