Bittime - The latest analysis from a renowned crypto expert shows that the market has not yet fully reflected the impact of the latest Bitcoin halving.
This event, which halves miner rewards, has historically triggered significant Bitcoin (BTC) price increases.
Taking to social media, a BTC expert shared his views on the impact of the pending halving on Bitcoin price movements.
Halving Impact on Bitcoin Supply and Price
The Bitcoin halving, an event that occurs once every four years, cuts Bitcoin mining rewards in half. This directly impacts the circulating supply of Bitcoin, making it more scarce.
According to Rekt Capital, a renowned analyst, these supply drops have historically triggered parabolic rallies in Bitcoin prices. Data shows that real price adjustments usually occur several months after the halving.
Check Today's Crypto Market:
Post-Halving Bitcoin Price Movement
Although Bitcoin reaches new record highs after each halving, it is important to note that the market often experiences prolonged consolidation before reaching a new peak. This consolidation can last for several months, even years.
Also read: BounceBit price rises 42%, will it continue to rise or is it just a bubble?
View Bitcoin Price Data & Predictions
Rekt Capital, a renowned analyst, underscored the importance of studying historical trends to predict Bitcoin's future movements.
According to him, historically, Bitcoin experiences a consolidation period of more than 150 days before entering a sustainable rally.
Currently, the Bitcoin market is in a re-accumulation phase, which will determine the future upward trend in prices. This accumulation period is crucial to determine the strength of the next price spike.
Post-Halving Bitcoin Movement
1. Significant price increase after halving
Historically, Bitcoin halving events are followed by significant price increases. This shows a positive correlation between a reduction in Bitcoin supply and an increase in its value.
2. Delayed Halving Impact
The real effects of a halving are usually not visible immediately after the event. It usually takes several months for the market to adjust to changes in supply and reflect its value in the price of Bitcoin.
3. Consolidate Before Rally
Before a significant price spike occurs, a consolidation period of more than 150 days is normal. This phase allows the market to stabilize itself and build momentum before exploding.
4. Return Accumulation and Profit Potential
The current market phase is characterized by the re-accumulation of Bitcoin by investors. This shows investor confidence in potential future profits and can be an early indicator of positive price movements.
5. Big Price Movement Towards ATH
Although significant price increases have occurred, a major price move towards a new all-time high (ATH) may not occur until the end of this year.
This allows the market to develop gradually and reach stability before reaching new peaks.
Also Read How to Buy Crypto:
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How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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