Bitcoin Rune Riding the Halving Wind, Overseas Mining Industry Welcomes Good News
Bitcoin was successfully halved, and Rune was officially launched, bringing a new hot spot to the Bitcoin ecosystem.

Bitcoin was successfully halved, and Rune was officially launched, bringing a new hot spot to the Bitcoin ecosystem.
Perhaps what is different from all previous halving cycles is the change in the income structure of miners, which is caused by factors such as the future price space of BTC and the current development status of the Bitcoin ecosystem.
Will there be a sharp drop before and after this halving (guess a 40% retracement would be considered a sharp drop?). In fact, simple on-site speculation may not be enough to produce such a large amplitude, while external black swan events are something you can only encounter by chance.
Taking 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.
The event will double the bitcoin production cost to around $40,000, creating a positive psychological effect, the report said.
The partnership aims to allow cryptocurrency purchases using the CoinHub bitcoin wallet partnered with CHB Holdings and Edge at more than 20,000 stores that are part of the Green Dot network, including CVS, Walgreens, and Krogers.
The last Bitcoin halving took place on May 11, 2020, and the next bitcoin halving will likely occur in 2024.
Bitcoin’s hashrate is reaching all-time highs, and it’s causing confusion about “the halvening” on Twitter.
Traders still anticipate BTC prices above $100,000, but a closer look at the BTC halving cycle chart suggests that a sharper downside move will occur first.
The $50,000 resistance level seems to be the line in the sand that separates certainty from doubt that Bitcoin has cast off the four-year cycle trend, according to Santiment.