The most recent #bitcoin #halving occurred on April 20, 2024, reducing mining rewards from 6.25 $BTC to 3.125 BTC per block.
This places us in the post-halving consolidation phase of the Bitcoin price cycle.
Historically, this phase is characterized by a mixture of consolidation and gradual price increases as the market adjusts to the reduced supply of new Bitcoin entering circulation.
Key Dates and Stages:
1. Halving Date: April 20, 2024.
2. Current Stage: Early post-halving phase (April 2024 - late 2025). Historically, this phase has shown slow but steady price growth as market supply tightens.
3. Next Halving: Estimated for April 2028, marking the next significant reduction in mining rewards.
Advice:
For Investors: This phase offers opportunities for accumulation. Historically, prices rise gradually in the months following halving as scarcity becomes apparent.
For Traders: Monitor for pullbacks or consolidation as the market digests the halving effects. Pay attention to macroeconomic factors, as they may influence price movements.
For Miners: Efficiency is key in this reduced reward environment. Optimize costs to remain profitable, especially if Bitcoin's price fluctuates.
