Bitcoin

April

Rekt

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/insights-on-bitcoins-price-movement-prior-to-the-upcoming-halving-event" rel="noopener noreferrer nofollow">Insights on Bitcoin’s Price Movement Prior to the Upcoming Halving Event</a><br></p>
<p style="text-align: justify">Rekt Capital, a well-known investor and analyst, has indicated to his substantial following that the window for purchasing <a href="https://en.bitcoinhaber.net/key-insights-from-bitcoins-price-and-market-dominance-analysis" rel="noopener noreferrer nofollow">Bitcoin</a> at lower prices may be closing soon, with only a two-week period remaining before a rally is expected ahead of the Bitcoin halving event. He outlined that historically, market trends around Bitcoin halving consist of five stages, with the initial three stages unfolding before the halving itself.</p>
<h2 id="anticipating-the-bitcoin-halving-cycle">Anticipating the Bitcoin Halving Cycle</h2>
<p style="text-align: justify">According to Rekt Capital, previous halving events have seen a sharp decline months before, leading to substantial gains. The next halving, scheduled for April 2024, is anticipated to follow this pattern, cutting mining rewards and potentially driving up Bitcoin’s price.</p>
<p style="text-align: justify">An 18% drop in Bitcoin’s value was observed in January, and Rekt Capital suggests another significant decline may occur within a two-week timeframe, presenting one of the last opportunities to buy Bitcoin before the halving rally commences.</p>
<p style="text-align: justify">Rekt Capital describes the next phase as the pre-halving rally, occurring roughly 60 days post-halving. During this phase, short-term investors often buy in anticipation of the halving, only to sell off when the event arrives, a phenomenon known as “selling the news.”</p>
<p style="text-align: justify">Post-halving, Bitcoin typically experiences a sell-off, followed by a protracted period of sideways movement, lasting on average 150 days. This phase often sees investor sentiment waver due to unmet expectations. Eventually, Bitcoin enters a parabolic growth trend, marked by rapid price increases following months of accumulation.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/insights-on-bitcoins-price-movement-prior-to-the-upcoming-halving-event" rel="noopener noreferrer nofollow">Insights on Bitcoin’s Price Movement Prior to the Upcoming Halving Event</a></h5>

Insights on Bitcoin’s Price Movement Prior to the Upcoming Halving Event

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