Scott Melker believes that during the last halving cycle, the price of Bitcoin rose from a high of $20,000 to a high of $69,000, an appreciation of 250.86%. If a similar trend emerges, “Bitcoin will be at $240,000.”
JinseFinanceThe event will double the bitcoin production cost to around $40,000, creating a positive psychological effect, the report said.
CoindeskAPT is trading inside a descending parallel channel.
BeincryptoThe last Bitcoin halving took place on May 11, 2020, and the next bitcoin halving will likely occur in 2024.
CoindeskBitcoin’s hashrate is reaching all-time highs, and it’s causing confusion about “the halvening” on Twitter.
CoindeskBTC price action needs to reclaim the $29,500 mark to avoid resuming its pattern of lower lows on the weekly chart.
CointelegraphOn-chain indicators focusing on Bitcoin's fair valuation and long-term holders' sentiment also raise its prospects of bottoming out.
CointelegraphDeja vu for BTC versus market sentiment, as conditions mimic the weeks after the March 2020 COVID-19 crash.
Cointelegraph
NulltxThe 350-day moving average is the latest bullish signal to return to BTC price action, making Q1 2022 look increasingly outside the trend.
Cointelegraph