Bitcoin's upcoming halving, reducing issuance to 3.125 BTC per block, sparks trader interest. Historical trends show post-halving rallies, but current sentiment uncertain despite recent ATHs. Past halvings saw retracements followed by surges, but ETF introduction may disrupt traditional cycles. Market awaits potential future scenarios amidst countdown.
EdmundHalving, BTC, a brief discussion of Bitcoin’s “halving” in 2024 Golden Finance, “halving” is the truly unique feature of Bitcoin in the field of financial assets.
JinseFinanceThe huge overall demand for Bitcoin, along with macroeconomic factors, will play a bigger role in driving Bitcoin price-wise this year.
JinseFinanceAs the Bitcoin halving event approaches, the 3EX AI trading platform, with its advanced AI technology and user-friendly trading functions, gives every participant the opportunity to capture potential rising opportunities in this cyclical event.
JinseFinanceTaking into account the historical performance patterns before and after the Bitcoin halving and the current better environment, the price of Bitcoin is expected to hit US$60,000 before the halving in 2024, with the full-year range fluctuating between US$32,000 and US$85,000.
JinseFinanceBitcoin will halve around April 2024. Despite challenges to miner revenue in the short term, underlying on-chain activity and positive market structure updates make this halving different on a fundamental level.
JinseFinanceAs market conditions improve across the board, digital assets will rebound sharply in 2023; with the upcoming launch of a Bitcoin spot ETF, institutional interest is also accelerating. Looking forward to 2024, we will see many important developments and progress.
JinseFinanceFacing the end of a new halving cycle, what should we expect, and what new variables have emerged in the market?
JinseFinanceBoth on-chain valuations and network metrics suggest that Bitcoin remains in a bull cycle.
JinseFinanceThe last Bitcoin halving took place on May 11, 2020, and the next bitcoin halving will likely occur in 2024.
Coindesk