Halving market: Hype first, good news will be realized?
BCH is rising strongly, and the Bitcoin halving is approaching. Will the halving market happen again?
Bitcoin halving back
Bitcoin has experienced three halvings since its birth, in 2012, 2016 and 2020.
Bitcoin will also be halved on April 20, which means that mining rewards are halved and supply is reduced, which will theoretically stimulate an increase in currency prices.
Market analysis before and after halving
I selected the top currencies such as BTC, ETH, LTC, XRP, and BCH, and used the price on the day of the halving as the base point to calculate the relative prices in the 60 days, 30 days, and 7 days before and after.
Data Display:
In the 60 days before and after the halving, various currencies rose and fell at varying rates, but the overall trend was upward.
Within 30 days before and after the halving, most currencies began to rise 30 days before the halving and began to fall 30 days after the halving. Within 7 days before and after the halving, most currencies fell before and after the halving.
BCH halving market case
The 2020 BCH halving market has more reference significance:
The BCH halving hype started at the beginning of 2020 (100 days before the halving), with an increase of more than 150%. After the halving, BCH did not continue its rise, but fell back quickly.
The halving market hype often precedes the halving itself by 2-3 months or even earlier. The benefits of the halving may be realized within the first 30 days, and the currency price may fall back after the halving.
Bitcoin halving market assessment
My assessment is that Bitcoin will start a strong rise like BCH as its halving date approaches.
Therefore, Bitcoin is also expected to start a strong upward trend after the halving on April 20.
