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Bitcoinhalving2024

What historically happens after the Bitcoin halving?After a Bitcoin halving event, several trends typically occur: 1. Supply Reduction: The most immediate impact is a reduction in the rate of new Bitcoin creation. Halving cuts the reward miners receive for validating transactions in half, reducing the rate of Bitcoin creation. This is intended to control inflation and ultimately limit the total supply of Bitcoin to 21 million coins. 2. Price Volatility: Historically, Bitcoin prices have shown significant volatility around halving events. Leading up to the halving, there's often speculative buying as investors anticipate reduced supply. After the halving, there can be a short-term price increase or decrease as the market adjusts to the new supply dynamics. 3. Miner Behavior: Some miners may find it unprofitable to continue mining after the halving if their operational costs exceed the revenue generated by mining rewards. This could lead to a decrease in hash rate (the computational power securing the Bitcoin network) if a significant number of miners shut down their operations. 4. Market Sentiment: Halving events often generate media attention and discussions within the cryptocurrency community. Positive sentiment around the potential for scarcity-driven price increases can contribute to price rallies. 5. Long-Term Price Appreciation: Over the long term, many Bitcoin proponents believe that the reduction in the rate of new supply issuance will drive up the price of Bitcoin. This is based on the principles of supply and demand economics, where a reduced supply, coupled with steady or increasing demand, could lead to higher prices. 2016 Halving: The second Bitcoin halving occurred on July 9, 2016. In the months leading up to the halving, Bitcoin's price experienced a significant rally. After the halving, there was a period of consolidation followed by continued upward momentum in the months that followed. However, there were also short-term price corrections during this period. 2020 Halving: The third Bitcoin halving occurred on May 11, 2020. Leading up to the halving, there was considerable speculation and anticipation in the market. After the event, Bitcoin's price initially remained relatively stable, but it experienced significant volatility in the following weeks and months. Overall, Bitcoin's price trended upwards in the months following the 2020 halving, reaching new all-time highs in late 2020 and early 2021.
by TopgOptions
2022 Bitcoin Halving Post AnalysisHistory Never Repeats, But it Often Rhymes When analyzing the potential impact of the 2024 Bitcoin halving, it is wise to have an in-depth understanding of the price action of previous halving in 2020. This can help us to identify potential patterns and similarities that could play out in the current cycle. Pre-Halving Price Action In the lead-up to the 2022 halving, we saw a clear resistance/supply zone build up in the $12,000 range. This zone was tested multiple times, but price was unable to break through on a sustained basis. (Red Color Supply Zone) Several months prior to the halving, price action visited the 200 EMA/SMA range. This was the same as the strong accumulation zone of the bear market in 2018/2019. Key reason for this dump was COVID-19 pandemic. This drop provided the best pre-halving buying opportunity. (Purple Zone) Price Recovery Price recovered within weeks leading up to the halving on May 11, 2020. This recovery was fueled by a combination of factors, such as uncertain economic environment and halving anticipation. (Yellow Zone) Post-Halving Accumulation After the halving, we saw a period of accumulation as investors bought Bitcoin in anticipation of future price appreciation. This accumulation phase lasted for several months. Again this was the next best buying opportunity. Sametime there were many shake-off of inpatient investors. (Blue Zone) 2021 Parabolic Uptrend Towards the end of 2020 price-action was able to break out from the accumulation and resistance zone. 2021 resulted on the expected parabolic uptrend in the first half of the year. Then it was retrace. again a recovery during latter part of the year. This created a Double Top Candle stick formation. This concluded the bull market, and it did not give the expected blow-off candle like in 2017. Hope this post-analysis helped in order to build your plan for 2024 Halving and 2025 Expected Bull market Based on the historical evidence, it is possible that we will see a similar pattern play out in the lead-up to and after the 2022 halving. This could include: A period of accumulation as investors buy Bitcoin in anticipation of future price appreciation A breakout from the current resistance zone A sustained bull run as demand for Bitcoin continues to grow It is important to note that past performance is not indicative of future results. However, by understanding the historical price action of Bitcoin, we can better prepare for what may happen in the current cycle.
BNC:BLX
by cryptochi1986
1
Bitcoin Halving 2024 | Is Possible $110-$120K Within 6-9 Months?This is the question that I will answer for your today. Can Bitcoin hit $110,000 to $120,000 in the next 6-9 months? It is a fair question, many people are bound to ask if prices can recover higher now that a strong correction has taken place... Please allow me to entertain you for a few minutes! Bitcoin peaked April 2021 The bullish wave that took place from July to November 2021 was the famous "dead cat-bounce". The drop from $64/$69K to $17.5K is not only a correction but a bear market. For BTCUSD to grow straight up to new highs, $100K and beyond, we would need to be just in a correction and not a bear market. Since we are in a bear market, this price bounce that we are seeing now cannot go straight to 100K and beyond, instead, support levels turned resistance will be tested one by one. Levels such as $30,000, $34,000 and $37,000 needs to be challenged first. $40,000 and $50,000 for sure as well as the ATH. We are likely to see very strong price swings in the months to come. We will also experience a prolonged consolidation phase, boring market, after the next low. The Bitcoin Halving ~March 2024 We say Bitcoin can go beyond $100,000USD only after 2024, around mid- to late 2025. The next halving event for Bitcoin is happening around March 2024 (projected date). This is a cyclical event and Bitcoin cannot have two bull-runs within the same halving cycle. Bitcoin will now bounce, then move probably to a lower low or just pretty near the recent June low and then start a long consolidation phase... Only after the Halving, which happens around March 2024, we can see a new phase of sustained long-term growth. Try to avoid being distracted by these types of articles as this can mess up your trading. If you think Bitcoin will go higher than where it can go, you might miss the selling opportunity coming next month. Summary Bear markets do not lead to new ATHs. Before the next bullish cycle a consolidation phase is due. The Bitcoin Halving determines the cycle. Answer Nope. Bitcoin cannot hit $110-$120K within 6-9 months. It will take around 2.5-3 years... Based on my calculations and experience of course, I can be wrong. Your turn now What's your idea? How long will it take before Bitcoin goes to $100K and beyond? Share in the comments section below! Namaste.
BITSTAMP:BTCUSD
by AlanSantana
11