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### What Is Bitcoin Halving?
Bitcoin halving happens roughly every four years and cuts the mining reward in half. This event reduces the supply of new bitcoins entering the market, making them more scarce. If demand stays the same or increases, the price of bitcoin could go up due to its limited supply.
### Key Points
- **Halving Event**: Takes place about every four years, cutting mining rewards by 50%.
- **Block Rewards**: Miners verify transactions and create new blocks. They get new bitcoins as a reward if they solve a cryptographic puzzle first.
### Why It Matters
1. **Impact on Miners**: Miners earn less reward (bitcoin), which may make mining less profitable. Some miners might stop, impacting the network's security, but usually, things adjust over time.
2. **Price Dynamics**: Historically, bitcoin prices have increased after halving events due to increased scarcity and investor interest.
3. **Market Sentiment**: Halving events attract media attention and new investors, boosting market activity and trading volume.
4. **Economic Theory**: Bitcoin is a deflationary asset with a maximum supply of 21 million coins. Over time, fewer new bitcoins are created, making it an attractive hedge against inflation for some investors.
### Conclusion
Bitcoin halvings shape the cryptocurrency’s economic landscape, affecting miners, investors, and market behavior. Understanding these events can help investors make better decisions.
As the next halving approaches, consider monitoring market trends and miner activity to make informed investment choices. While past patterns do not guarantee future results, they provide useful insights into potential market reactions.
#halvinngbitcoin
Bitcoin halving happens roughly every four years and cuts the mining reward in half. This event reduces the supply of new bitcoins entering the market, making them more scarce. If demand stays the same or increases, the price of bitcoin could go up due to its limited supply.
### Key Points
- **Halving Event**: Takes place about every four years, cutting mining rewards by 50%.
- **Block Rewards**: Miners verify transactions and create new blocks. They get new bitcoins as a reward if they solve a cryptographic puzzle first.
### Why It Matters
1. **Impact on Miners**: Miners earn less reward (bitcoin), which may make mining less profitable. Some miners might stop, impacting the network's security, but usually, things adjust over time.
2. **Price Dynamics**: Historically, bitcoin prices have increased after halving events due to increased scarcity and investor interest.
3. **Market Sentiment**: Halving events attract media attention and new investors, boosting market activity and trading volume.
4. **Economic Theory**: Bitcoin is a deflationary asset with a maximum supply of 21 million coins. Over time, fewer new bitcoins are created, making it an attractive hedge against inflation for some investors.
### Conclusion
Bitcoin halvings shape the cryptocurrency’s economic landscape, affecting miners, investors, and market behavior. Understanding these events can help investors make better decisions.
As the next halving approaches, consider monitoring market trends and miner activity to make informed investment choices. While past patterns do not guarantee future results, they provide useful insights into potential market reactions.
#halvinngbitcoin
What Bitcoin halving is, and how it changes the key proposition of Bitcoin
What Bitcoin halving is, and how it changes the key proposition of Bitcoin
Bitcoin halving is an important event that occurs every 210,00 blocks, or approximately every four years. It’s a programmed mechanism that cuts the reward for Bitcoin mining in half, theoretically to control the issuance of new bitcoins and manage inflation.
Bitcoin’s network operates on a fixed supply schedule, with a total cap of 21 million bitcoins. The previous halving took place in May 2020, reducing the reward for each mined block of BTC transactions from 12.5 bitcoins to 6.25 bitcoins per block. The upcoming halving will further reduce it to 3.125 BTC.
Halving events have had significant implications for Bitcoin’s ecosystem, reducing the rate at which new Bitcoins are created and effectively slowing the supply of new coins entering the market. Coupled with increasing demand for Bitcoin, this reduction in supply has historically led to upward pressure on BTC’s price.
Bitcoin Halving Enhances Scarcity, Bitcoin’s Key Proposition
Bitcoin halving leads to a slow supply to the market due to block rewards. Unlike gold and other commodities, Bitcoin becomes more scarce after each halving in terms of less new “production” of Bitcoin. A stock-to-flow (S2F) model shows that after halvings, Bitcoin becomes scarcer than gold.
Bitcoin S2F model. Source: Bitbo
The S2F ratio is calculated by dividing the circulating supply of a commodity by its annual production, yielding a gauge of scarcity. Bitcoin's S2F ratio is around 56 before the upcoming halving, while that of gold is 60. After the halving in April 2024, Bitcoin’s S2F ratio is projected to double to 112.
For detailed mechanisms of Bitcoin halving, please check out our expert report.
Now that we’ve examined the basics, let’s examine the potential before and after impact of the upcoming April 2024 Bitcoin halving.
Pre-Halving Impact
Bitcoin halving impact. Source: Bitbo
Supply and Demand
Before the halving takes place, there’s no impact on the supply side. On the demand side, however, investors tend to forerun the halving. With this fourth halving, we’ve noticed an early surge in Bitcoin’s price. Some analysts believe that the early pre-halving increase in Bitcoin’s price indicates that the post-halving price rally will be less remarkable than we’ve come to expect historically.
Nonetheless, this cycle has become more complex than ever, with the recent approval of Bitcoin Spot ETFs in the U.S. playing a role. Historically, it’s wise to buy Bitcoin within six months before the halving and hold it for at least 12 months afterward.
Bitcoin began to recover in early October last year (2023), approximately six months before the coming April 2024 halving. However, it was also in October that large traditional finance giants began applying to run Bitcoin Spot ETFs. Overall, there is no consensus regarding whether the pre-halving effect has been more evident than in the previous three cycles.
Investor Behavior
According to an asset allocation report, investors have allocated more positions to Bitcoin since last September, with an average of 40% and 24% of total assets in this largest cryptocurrency by institutions and retail investors, respectively, as of January 31, 2024.
As Bitcoin becomes not only the first cryptocurrency but also the first currency with Spot ETFs approved by the SEC, it is seemingly becoming the safest investment choice even for the most sophisticated investors in the crypto field. The price correlation between Bitcoin and the rest of cryptocurrency has been consistently high, and investment in Bitcoin has also been regarded as the cryptocurrency with the lowest beta.
Bitcoin reserves in all centralized exchanges have been depleting faster. With only 2 million bitcoins left, if we assume a daily inflow of $500 million to Bitcoin Spot ETFs, the equivalent of around 7,142 bitcoins will leave exchange reserves daily, suggesting that it will only take nine months to consume all of the remaining reserves. With this in mind, it’s unsurprising that Bitcoin’s price may continue to climb before the halving, or even afterward, as the supply squeeze propels the price to another new record.
Institutional Interest
As mentioned above, institutions have been allocating more positions to Bitcoin in the past six months. Apart from crypto-native institutions, traditional Web 2.0 institutions have gained exposure with the help of Bitcoin Spot ETFs or Bitcoin proxy stocks such as MicroStrategy or miner stocks. In our view, traditional Web 2.0 institutions would prefer accumulating Bitcoin position before halving, sticking to the “sell the news” strategy.
Nonetheless, we believe that not all institutions have been able to gain exposure since the approval of Bitcoin Spot ETFs in January 2024, as their investment mandates restrict them from investing in new products that have been in the market for only a few months.
Post-Halving Impact
Worsening Supply Squeeze
As highlighted above, Bitcoin is seeing early signs of a short squeeze. Post-halving, the supply squeeze will ostensibly be worse. Investors tend to HODL their Bitcoin positions if they’re being held in cold or decentralized wallets. The supply for Bitcoin Spot ETFs is usually from centralized exchanges (CEXs), in which profitable investors realize their profitable positions or successful miners sell their recent rewards. Since mining rewards will be cut in half after the halving, the sell-side supply flowing into the CEXs will be reduced.
Miner Dilemma
Bitcoin hash rate projections pre- and post-halving. Source: CoinShares
After the halving, Bitcoin’s hash rate is expected to surge, increasing miners' production costs. CoinShares estimates that the direct costs of producing one Bitcoin will rise between $28K and $38K following the halving, while JPMorgan Chase & Co. recently predicted a $42K cost per production of one Bitcoin after April 2024. Only those miners with more advanced rigs and lower indirect costs will be able to survive once Bitcoin’s price drops below $40K.
It’s expected that following the halving, unprofitable miners might start selling their Bitcoin reserves in order to support their operations. However, once their reserves run out, the overall sell-side supply to CEXs will shrink.
Miners have begun unloading their Bitcoin previous to the 2020 halving, Source: Cryptoquant
The chart on the left shows miners’ reserves leading up to the 2024 halving, while the chart on the right shows those of the 2020 halving. It’s clear that miners started to unload their reserves earlier in this cycle, suggesting they might believe the Bitcoin price rally had begun to wear thin before the 2024 halving.
Investor Behavior
If Bitcoin continues to test a new ATH post-halving, some investors will try to profit from the opportunities presented. As mentioned above, Bitcoin tends to rally twelve months after each halving, and there’s a high probability that we might see a new ATH this time. Meanwhile, the Web 2.0 publicity will center around the Bitcoin halving, leading to FOMO-driven behavior on the part of new investors.
If you’re familiar with trading, an imminent mild adjustment of Bitcoin’s price might solidify its future rally as it forms a floor in the case of any black swan events. Thus, it can be okay to see adjustments during halving.
Bitcoin Cash’s halving indicates a positive price action right after halving, Source: binance
Bitcoin Cash jumped around 10% on April 4, 2024, right after the network’s halving. However, the rally wasn’t sustained, and BCH’s price has since retraced to its pre-halving level.
Navigating Pre- and Post-Halving With Binance
A key question after the halving will be: How far will Bitcoin’s price climb, and at what price will the cycle peak? No one has a crystal ball. However, our observations of this cycle do lead to a few pieces of advice.
First of all, it’s wise to take profits half a year after the halving, toward the end of 2024. The past cycle indicated a twelve-month window after the halving. And yet, we observed more forerunning before the halving, which limits the room for gains post-halving.
As the halving date approaches, volatility could spike. Investors might consider diverse investment strategies to protect their positions. If you’re in view of large price movements, either long or short, consider the straddle to catch the gain from large upside or downside volatility. Check out Binance ’s USDT options here.$BTC
In the face of volatility, it is of equal importance to choose the Unified Trading Account (UTA) with Binance , which helps reduce the chance of liquidation of your derivatives options when your assets are spread across different types of wallets.
#BTC☀
#halvinngbitcoin
#BinanceTournament #Megadrop #CryptoTradingGuide
Bitcoin halving is an important event that occurs every 210,00 blocks, or approximately every four years. It’s a programmed mechanism that cuts the reward for Bitcoin mining in half, theoretically to control the issuance of new bitcoins and manage inflation.
Bitcoin’s network operates on a fixed supply schedule, with a total cap of 21 million bitcoins. The previous halving took place in May 2020, reducing the reward for each mined block of BTC transactions from 12.5 bitcoins to 6.25 bitcoins per block. The upcoming halving will further reduce it to 3.125 BTC.
Halving events have had significant implications for Bitcoin’s ecosystem, reducing the rate at which new Bitcoins are created and effectively slowing the supply of new coins entering the market. Coupled with increasing demand for Bitcoin, this reduction in supply has historically led to upward pressure on BTC’s price.
Bitcoin Halving Enhances Scarcity, Bitcoin’s Key Proposition
Bitcoin halving leads to a slow supply to the market due to block rewards. Unlike gold and other commodities, Bitcoin becomes more scarce after each halving in terms of less new “production” of Bitcoin. A stock-to-flow (S2F) model shows that after halvings, Bitcoin becomes scarcer than gold.
Bitcoin S2F model. Source: Bitbo
The S2F ratio is calculated by dividing the circulating supply of a commodity by its annual production, yielding a gauge of scarcity. Bitcoin's S2F ratio is around 56 before the upcoming halving, while that of gold is 60. After the halving in April 2024, Bitcoin’s S2F ratio is projected to double to 112.
For detailed mechanisms of Bitcoin halving, please check out our expert report.
Now that we’ve examined the basics, let’s examine the potential before and after impact of the upcoming April 2024 Bitcoin halving.
Pre-Halving Impact
Bitcoin halving impact. Source: Bitbo
Supply and Demand
Before the halving takes place, there’s no impact on the supply side. On the demand side, however, investors tend to forerun the halving. With this fourth halving, we’ve noticed an early surge in Bitcoin’s price. Some analysts believe that the early pre-halving increase in Bitcoin’s price indicates that the post-halving price rally will be less remarkable than we’ve come to expect historically.
Nonetheless, this cycle has become more complex than ever, with the recent approval of Bitcoin Spot ETFs in the U.S. playing a role. Historically, it’s wise to buy Bitcoin within six months before the halving and hold it for at least 12 months afterward.
Bitcoin began to recover in early October last year (2023), approximately six months before the coming April 2024 halving. However, it was also in October that large traditional finance giants began applying to run Bitcoin Spot ETFs. Overall, there is no consensus regarding whether the pre-halving effect has been more evident than in the previous three cycles.
Investor Behavior
According to an asset allocation report, investors have allocated more positions to Bitcoin since last September, with an average of 40% and 24% of total assets in this largest cryptocurrency by institutions and retail investors, respectively, as of January 31, 2024.
As Bitcoin becomes not only the first cryptocurrency but also the first currency with Spot ETFs approved by the SEC, it is seemingly becoming the safest investment choice even for the most sophisticated investors in the crypto field. The price correlation between Bitcoin and the rest of cryptocurrency has been consistently high, and investment in Bitcoin has also been regarded as the cryptocurrency with the lowest beta.
Bitcoin reserves in all centralized exchanges have been depleting faster. With only 2 million bitcoins left, if we assume a daily inflow of $500 million to Bitcoin Spot ETFs, the equivalent of around 7,142 bitcoins will leave exchange reserves daily, suggesting that it will only take nine months to consume all of the remaining reserves. With this in mind, it’s unsurprising that Bitcoin’s price may continue to climb before the halving, or even afterward, as the supply squeeze propels the price to another new record.
Institutional Interest
As mentioned above, institutions have been allocating more positions to Bitcoin in the past six months. Apart from crypto-native institutions, traditional Web 2.0 institutions have gained exposure with the help of Bitcoin Spot ETFs or Bitcoin proxy stocks such as MicroStrategy or miner stocks. In our view, traditional Web 2.0 institutions would prefer accumulating Bitcoin position before halving, sticking to the “sell the news” strategy.
Nonetheless, we believe that not all institutions have been able to gain exposure since the approval of Bitcoin Spot ETFs in January 2024, as their investment mandates restrict them from investing in new products that have been in the market for only a few months.
Post-Halving Impact
Worsening Supply Squeeze
As highlighted above, Bitcoin is seeing early signs of a short squeeze. Post-halving, the supply squeeze will ostensibly be worse. Investors tend to HODL their Bitcoin positions if they’re being held in cold or decentralized wallets. The supply for Bitcoin Spot ETFs is usually from centralized exchanges (CEXs), in which profitable investors realize their profitable positions or successful miners sell their recent rewards. Since mining rewards will be cut in half after the halving, the sell-side supply flowing into the CEXs will be reduced.
Miner Dilemma
Bitcoin hash rate projections pre- and post-halving. Source: CoinShares
After the halving, Bitcoin’s hash rate is expected to surge, increasing miners' production costs. CoinShares estimates that the direct costs of producing one Bitcoin will rise between $28K and $38K following the halving, while JPMorgan Chase & Co. recently predicted a $42K cost per production of one Bitcoin after April 2024. Only those miners with more advanced rigs and lower indirect costs will be able to survive once Bitcoin’s price drops below $40K.
It’s expected that following the halving, unprofitable miners might start selling their Bitcoin reserves in order to support their operations. However, once their reserves run out, the overall sell-side supply to CEXs will shrink.
Miners have begun unloading their Bitcoin previous to the 2020 halving, Source: Cryptoquant
The chart on the left shows miners’ reserves leading up to the 2024 halving, while the chart on the right shows those of the 2020 halving. It’s clear that miners started to unload their reserves earlier in this cycle, suggesting they might believe the Bitcoin price rally had begun to wear thin before the 2024 halving.
Investor Behavior
If Bitcoin continues to test a new ATH post-halving, some investors will try to profit from the opportunities presented. As mentioned above, Bitcoin tends to rally twelve months after each halving, and there’s a high probability that we might see a new ATH this time. Meanwhile, the Web 2.0 publicity will center around the Bitcoin halving, leading to FOMO-driven behavior on the part of new investors.
If you’re familiar with trading, an imminent mild adjustment of Bitcoin’s price might solidify its future rally as it forms a floor in the case of any black swan events. Thus, it can be okay to see adjustments during halving.
Bitcoin Cash’s halving indicates a positive price action right after halving, Source: binance
Bitcoin Cash jumped around 10% on April 4, 2024, right after the network’s halving. However, the rally wasn’t sustained, and BCH’s price has since retraced to its pre-halving level.
Navigating Pre- and Post-Halving With Binance
A key question after the halving will be: How far will Bitcoin’s price climb, and at what price will the cycle peak? No one has a crystal ball. However, our observations of this cycle do lead to a few pieces of advice.
First of all, it’s wise to take profits half a year after the halving, toward the end of 2024. The past cycle indicated a twelve-month window after the halving. And yet, we observed more forerunning before the halving, which limits the room for gains post-halving.
As the halving date approaches, volatility could spike. Investors might consider diverse investment strategies to protect their positions. If you’re in view of large price movements, either long or short, consider the straddle to catch the gain from large upside or downside volatility. Check out Binance ’s USDT options here.$BTC
In the face of volatility, it is of equal importance to choose the Unified Trading Account (UTA) with Binance , which helps reduce the chance of liquidation of your derivatives options when your assets are spread across different types of wallets.
#BTC☀
#halvinngbitcoin
#BinanceTournament #Megadrop #CryptoTradingGuide
See original
Wait for Breakout.
If BTC breaks the upper side then take long entry. Or if it breaks low then a short entry has to be taken.
#halvinngbitcoin #bitcoin☀️ #bulishbearish #CryptoDecision
If BTC breaks the upper side then take long entry. Or if it breaks low then a short entry has to be taken.
#halvinngbitcoin #bitcoin☀️ #bulishbearish #CryptoDecision
🧐Over the next 50-100 days, BTC may show a large increase in price.
•This surge will correspond to the cycles of price changes after halving, which happens every four years.
•Previous Bitcoin halvings caused a rise to new historical highs a few months after the supply was reduced and new coins were issued.
❗️This year there is no reason to believe that the situation will not repeat itself.
💡After the US Securities and Exchange Commission (SEC) approved Bitcoin-based exchange traded funds (ETFs) in January 2024, BTC reached a new historical the maximum was at the level of $73,750.
•After halving, the cryptocurrency did not show any significant results, however, they can be achieved in the last quarter year. Over the past seven days, Bitcoin has fallen by 8.5%, and over the past 30 days – by 10.47%.
•Relative to its historical maximum, BTC lost 20.13%, and its maximum in August reached $65 593.24.#halvinngbitcoin #CryptoMarketMoves #
•This surge will correspond to the cycles of price changes after halving, which happens every four years.
•Previous Bitcoin halvings caused a rise to new historical highs a few months after the supply was reduced and new coins were issued.
❗️This year there is no reason to believe that the situation will not repeat itself.
💡After the US Securities and Exchange Commission (SEC) approved Bitcoin-based exchange traded funds (ETFs) in January 2024, BTC reached a new historical the maximum was at the level of $73,750.
•After halving, the cryptocurrency did not show any significant results, however, they can be achieved in the last quarter year. Over the past seven days, Bitcoin has fallen by 8.5%, and over the past 30 days – by 10.47%.
•Relative to its historical maximum, BTC lost 20.13%, and its maximum in August reached $65 593.24.#halvinngbitcoin #CryptoMarketMoves #
#$BNB What is Altcoin Halving?
Overview
Halving events in the cryptocurrency world are highly anticipated moments that can significantly impact the supply and demand dynamics of a digital asset. While Bitcoin's halving is well-known, many altcoins (alternative cryptocurrencies to Bitcoin) also undergo halving events. Here’s what you need to know about altcoin halving and its implications.
What is Halving?
Halving refers to the process where the reward for mining new blocks is reduced by 50%. This event happens at predetermined intervals and is designed to control the inflation rate of the cryptocurrency by reducing the rate at which new coins are created. For Bitcoin, this occurs approximately every four years, but different altcoins have their own schedules and mechanisms for halving.
Why is Halving Important?
Supply Reduction: Halving reduces the number of new coins introduced into the market, which can lead to a scarcity effect.
Price Implications: Historically, halving events have been associated with price increases due to the reduced supply and anticipation from investors.
Mining Incentives: Miners receive fewer coins for their efforts post-halving, which can affect the profitability of mining and the overall security of the network.
Examples of Altcoin Halving
Litecoin (LTC): Litecoin undergoes halving every$BNB 840,000 blocks, roughly every four years. The most recent halving in August 2023 reduced the block reward from 12.5 LTC to 6.25 LTC.
Bitcoin Cash (BCH): Bitcoin Cash halves its block reward every 210,000 blocks. The last halving event occurred in April 2020, reducing the reward from 12.5 BCH to 6.25 BCH.
Zcash (ZEC): Zcash also follows a halving schedule similar to Bitcoin, with its first halving in November 2020, reducing the block reward from 6.25 ZEC to 3.125 ZEC.
#halvinngbitcoin
#HalvingCompleted
$SOL
What is the Best Altcoin do you think??
Overview
Halving events in the cryptocurrency world are highly anticipated moments that can significantly impact the supply and demand dynamics of a digital asset. While Bitcoin's halving is well-known, many altcoins (alternative cryptocurrencies to Bitcoin) also undergo halving events. Here’s what you need to know about altcoin halving and its implications.
What is Halving?
Halving refers to the process where the reward for mining new blocks is reduced by 50%. This event happens at predetermined intervals and is designed to control the inflation rate of the cryptocurrency by reducing the rate at which new coins are created. For Bitcoin, this occurs approximately every four years, but different altcoins have their own schedules and mechanisms for halving.
Why is Halving Important?
Supply Reduction: Halving reduces the number of new coins introduced into the market, which can lead to a scarcity effect.
Price Implications: Historically, halving events have been associated with price increases due to the reduced supply and anticipation from investors.
Mining Incentives: Miners receive fewer coins for their efforts post-halving, which can affect the profitability of mining and the overall security of the network.
Examples of Altcoin Halving
Litecoin (LTC): Litecoin undergoes halving every$BNB 840,000 blocks, roughly every four years. The most recent halving in August 2023 reduced the block reward from 12.5 LTC to 6.25 LTC.
Bitcoin Cash (BCH): Bitcoin Cash halves its block reward every 210,000 blocks. The last halving event occurred in April 2020, reducing the reward from 12.5 BCH to 6.25 BCH.
Zcash (ZEC): Zcash also follows a halving schedule similar to Bitcoin, with its first halving in November 2020, reducing the block reward from 6.25 ZEC to 3.125 ZEC.
#halvinngbitcoin
#HalvingCompleted
$SOL
What is the Best Altcoin do you think??
SOL
83%
DOT
5%
XRP
10%
MANTA
2%
61 votes • Voting closed
How long does it typically take for Bitcoin prices to peak after a halving event ?
Bitcoin prices typically peak 6 to 12 months after a halving event. Historical data shows:
- 2012 Halving : Price rose from around $13 to over $1,000 by the end of 2013.
- 2016 Halving : Price increased from $650 to nearly $20,000 by December 2017.
- 2020 Halving : Price surged from approximately $8,700 to around $68,000 in November 2021, about 18 months later.
Analysts suggest that while initial volatility may occur post-halving, significant price increases often follow within this timeframe, driven by reduced supply and sustained demand.
#BTC☀ #bitcoin☀️ #Bitcoin❗ #halvinngbitcoin #CryptoNewss
Bitcoin prices typically peak 6 to 12 months after a halving event. Historical data shows:
- 2012 Halving : Price rose from around $13 to over $1,000 by the end of 2013.
- 2016 Halving : Price increased from $650 to nearly $20,000 by December 2017.
- 2020 Halving : Price surged from approximately $8,700 to around $68,000 in November 2021, about 18 months later.
Analysts suggest that while initial volatility may occur post-halving, significant price increases often follow within this timeframe, driven by reduced supply and sustained demand.
#BTC☀ #bitcoin☀️ #Bitcoin❗ #halvinngbitcoin #CryptoNewss
How Do Bitcoin Prices Typically React Immediately After a Halving Event ? ? ?
Bitcoin prices typically experience notable fluctuations immediately after a halving event, often reflecting historical trends.
Historical Price Reactions
- 2012 Halving : Price rose from $12.35 to $127 within five months.
- 2016 Halving : Price increased from $650 to $1,280 over eight months.
- 2020 Halving : Price surged from $8,700 to approximately $60,000 in less than a year.
Immediate Aftermath :-
Research indicates that Bitcoin has averaged a 16% increase in price within 60 days post-halving. However, the immediate reaction can vary; prices may not rise immediately due to market corrections or profit-taking by investors. Analysts suggest that while historical patterns predict long-term gains, immediate price movements can be volatile and influenced by broader market conditions and investor sentiment.
#BTC☀ #bitcoin☀️ #Bitcoin❗ #halvinngbitcoin #HALVİNG
Bitcoin prices typically experience notable fluctuations immediately after a halving event, often reflecting historical trends.
Historical Price Reactions
- 2012 Halving : Price rose from $12.35 to $127 within five months.
- 2016 Halving : Price increased from $650 to $1,280 over eight months.
- 2020 Halving : Price surged from $8,700 to approximately $60,000 in less than a year.
Immediate Aftermath :-
Research indicates that Bitcoin has averaged a 16% increase in price within 60 days post-halving. However, the immediate reaction can vary; prices may not rise immediately due to market corrections or profit-taking by investors. Analysts suggest that while historical patterns predict long-term gains, immediate price movements can be volatile and influenced by broader market conditions and investor sentiment.
#BTC☀ #bitcoin☀️ #Bitcoin❗ #halvinngbitcoin #HALVİNG
Markets #MarketExperts
Bitcoin's Breakout to New Highs Could Be Near, Past Market Cycles Suggest
The top crypto's current correction from the March peak resembles the action of 2016 and 2020 during the previous bull runs, which resolved in new all-time highs in the latter months of the year.
•$BTC Bitcoin could be heading for a breakout to new record prices, based on previous cycle's price action.
• Historical data suggests price could potentially rise to $108,000 to $155,000.
Bitcoin (BTC) has been stuck in a grueling, multi-month correction since hitting $73,000 in March, convincing many investors that the market top is already behind.
However, the recent price action resembles the top cryptocurrency's behavior during the previous two market cycles, which eventually resolved to the upside towards the end of the year. This suggests that a breakout to new record prices could happen in the next months.
Despite bitcoin's anemic performance since March, it's still up 290% from its November 2022 market bottom, in line with the previous two bull markets during the same period, Glassnode data shows. At this point in the four-year cycle, BTC advanced 309% during the 2015 to 2018 bull run and 251% in the 2018 to 2022 cycle.
On both occasions, the periods with the steepest rallies came later in the cycle on the way to the market top. If BTC stays within the range of its previous two cycles until the end of the year, it could rise by 600% to 900% from its cycle low, potentially reaching a price between $108,000 to $155,000.
Typical halving year correction #halvinngbitcoin
This year's corrective phase also mirrors the price action of bitcoin's previous two halving years.
BTC reached a mid-cycle peak in 2016 and 2020, followed by months of sideways action to break higher in the latter months of the year, well-followed pseudonymous crypto analyst CryptoCon noted.
The halving event happens automatically every four years and reduces by 50% the issuance of new tokens, which is widely believed to impact bitcoin's supply to create scarcity.
Bitcoin's Breakout to New Highs Could Be Near, Past Market Cycles Suggest
The top crypto's current correction from the March peak resembles the action of 2016 and 2020 during the previous bull runs, which resolved in new all-time highs in the latter months of the year.
•$BTC Bitcoin could be heading for a breakout to new record prices, based on previous cycle's price action.
• Historical data suggests price could potentially rise to $108,000 to $155,000.
Bitcoin (BTC) has been stuck in a grueling, multi-month correction since hitting $73,000 in March, convincing many investors that the market top is already behind.
However, the recent price action resembles the top cryptocurrency's behavior during the previous two market cycles, which eventually resolved to the upside towards the end of the year. This suggests that a breakout to new record prices could happen in the next months.
Despite bitcoin's anemic performance since March, it's still up 290% from its November 2022 market bottom, in line with the previous two bull markets during the same period, Glassnode data shows. At this point in the four-year cycle, BTC advanced 309% during the 2015 to 2018 bull run and 251% in the 2018 to 2022 cycle.
On both occasions, the periods with the steepest rallies came later in the cycle on the way to the market top. If BTC stays within the range of its previous two cycles until the end of the year, it could rise by 600% to 900% from its cycle low, potentially reaching a price between $108,000 to $155,000.
Typical halving year correction #halvinngbitcoin
This year's corrective phase also mirrors the price action of bitcoin's previous two halving years.
BTC reached a mid-cycle peak in 2016 and 2020, followed by months of sideways action to break higher in the latter months of the year, well-followed pseudonymous crypto analyst CryptoCon noted.
The halving event happens automatically every four years and reduces by 50% the issuance of new tokens, which is widely believed to impact bitcoin's supply to create scarcity.
$BTC $BTC $BTC
🏆Bitcoin: The Pioneer of Cryptocurrency and Digital Gold
✅Bitcoin, created by the pseudonymous developer Satoshi Nakamoto in 2009, is the world's first and most valuable cryptocurrency. It introduced the revolutionary concept of a decentralized, peer-to-peer digital currency, operating without the need for banks or intermediaries. With a limited supply of 21 million coins, Bitcoin is often referred to as "digital gold" due to its scarcity and store of value.
✅Over the years, Bitcoin has evolved from a niche asset to a mainstream investment. Institutional adoption has surged, with companies and investors using it as a hedge against inflation and economic uncertainty. The rise of Bitcoin has also paved the way for the broader cryptocurrency ecosystem, inspiring the creation of thousands of altcoins and innovations like decentralized finance (DeFi) and non-fungible tokens (NFTs).
✅Bitcoin’s blockchain technology ensures transparency and security, as all transactions are recorded on a public ledger. As Bitcoin continues to grow, it remains a symbol of financial freedom and decentralization, empowering individuals around the world to take control of their assets in a digital age.
Whether you're a long-time investor or new to the space, Bitcoin continues to be a compelling asset in the evolving world of finance.
#BTC☀ #halvinngbitcoin #shexton #FOMC
🏆Bitcoin: The Pioneer of Cryptocurrency and Digital Gold
✅Bitcoin, created by the pseudonymous developer Satoshi Nakamoto in 2009, is the world's first and most valuable cryptocurrency. It introduced the revolutionary concept of a decentralized, peer-to-peer digital currency, operating without the need for banks or intermediaries. With a limited supply of 21 million coins, Bitcoin is often referred to as "digital gold" due to its scarcity and store of value.
✅Over the years, Bitcoin has evolved from a niche asset to a mainstream investment. Institutional adoption has surged, with companies and investors using it as a hedge against inflation and economic uncertainty. The rise of Bitcoin has also paved the way for the broader cryptocurrency ecosystem, inspiring the creation of thousands of altcoins and innovations like decentralized finance (DeFi) and non-fungible tokens (NFTs).
✅Bitcoin’s blockchain technology ensures transparency and security, as all transactions are recorded on a public ledger. As Bitcoin continues to grow, it remains a symbol of financial freedom and decentralization, empowering individuals around the world to take control of their assets in a digital age.
Whether you're a long-time investor or new to the space, Bitcoin continues to be a compelling asset in the evolving world of finance.
#BTC☀ #halvinngbitcoin #shexton #FOMC
