Historically: $BTC rally after halving with new ATH.
But this time it was different. We went down, not up.
Is it over for Bitcoin? Were $73k the forever high?
Here's Why it happened and When will $BTC hit $100k
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The 4th $BTC halving has occurred, marking a unique milestone with significant institutional investment participation ($BTC ETF) for the first time.
Historically, Bitcoin halvings are linked with a notable event — a subsequent rise in $BTC price, typically observed post-halving.
As for the 2024 Bitcoin halving, while it remains to be seen if it will follow this established pattern, there are already noticeable differences.
Since the 1st Bitcoin halving, the rate of new Bitcoin creation has decreased, but demand has continued to grow.
Despite Bitcoin's status as the largest crypto by market capitalization and its pioneering role, it appears to have fewer users compared to the broader financial ecosystem.
According to Technopedia, ~2.7% of the global population is estimated to own Bitcoin as of 2024.
In contrast to previous cycles, where significant price increases typically occurred after the halving, this time there has been notable price appreciation leading up to the halving itself.
We thought post-halving price should be much higher ⇾ We all bought before halving.
One of the notable distinctions of the 4th Bitcoin halving in 2024 is the extraordinary price growth observed before the event.
In the previous Bitcoin halving cycle in 2020, Bitcoin did not surpass its previous ATH of $20,000 until about 10 months after the halving event.
Some experts, like investment researcher Lyn Alden, believe Bitcoin could reach new highs in 2024 due to factors beyond just the halving and US ETFs.
99% of experts still believe in 2024-2025 rally to $100,000 at least.
#CPI_BTC_Watch #SOFR_Spike #ETH_ETFs_Approval_Predictions #VanEck_SOL_ETFS #BinanceTournament
