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<ul> 
 <li>Bitcoin’s post-halving price pattern includes a surge, correction, and sideways phase, driven by whale and miner activities.</li> 
 <li>Whales’ strategic Bitcoin selling post-halving indicates potential market repositioning and long-term price implications.</li> 
 <li>Miner sell-offs post-halving align with operational needs, affecting Bitcoin’s market dynamics and investor strategies.</li> 
</ul> 
<p>Bitcoin’s price action surrounding the recent halving event is unfolding as anticipated by many market analysts. Historical trends indicate a series of predictable movements that investors should heed: an initial surge, a subsequent sharp correction, followed by a period of lateral trading.&nbsp;</p> 
<p>This sequence typically starts in a significant drop, eradicating remaining bullish sentiment, before entering another phase of mundane sideways trading. Eventually, this pattern often leads to a renewed price increase.</p> 
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   <p lang="en" dir="ltr">What we're currently witnessing in terms of Bitcoin price action is fairly typical around the actual halving: <br><br>A big pump leading into the halving, followed by a brief but sharp correction, a period of sideways chop, a final dump to nuke any remaining bullish sentiment, another… <a href="https://t.co/n25WWI1fYp">pic.twitter.com/n25WWI1fYp</a></p>— Julien Bittel, CFA (@BittelJulien) <a href="https://twitter.com/BittelJulien/status/1803110973479215412?ref_src=twsrc%5Etfw">June 18, 2024</a>
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<h3 class="wp-block-heading" id="h-whale-activity-and-market-impact"><strong>Whale Activity and Market Impact</strong></h3> 
<p>Recent movements by large-scale Bitcoin holders, or ‘whales’, have drawn significant attention. Their decision to offload substantial amounts of Bitcoin amid the recent price decline suggests a possible redistribution of holdings rather than mere profit-taking.&nbsp;</p> 
<p>This behavior hints at a strategic repositioning within the market, potentially setting the stage for long-term price adjustments. Analysts view these actions as indicative of underlying market dynamics that could influence Bitcoin’s future price trajectory.</p> 
<h3 class="wp-block-heading" id="h-miners-strategic-moves"><strong>Miners’ Strategic Moves</strong></h3> 
<p>Miners, on the other hand, have also been active sellers, a move that aligns with industry expectations following the <a href="https://www.bitcoinhalving.com/">halving event</a>. The reduction in mining rewards has pressured miners to liquidate portions of their holdings to cover operational costs. This sell-off was anticipated by market experts and is seen as a strategic response to the halving’s economic impact. This trend highlights the connection of Bitcoin’s ecosystem, where mining activity and market prices are closely linked.</p> 
<h3 class="wp-block-heading" id="h-current-market-status"><strong>Current Market Status</strong></h3> 
<p>At press time, Bitcoin was trading&nbsp; at <a href="https://coinmarketcap.com/currencies/bitcoin/">$65,452.3</a>, with a 24-hour trading volume of $35,304,164,241 USD. The cryptocurrency has experienced a slight decrease of 0.21% over the past day. These fluctuations are not uncommon in the lead-up to and aftermath of halving events, reinforcing the importance of patience and strategic planning for investors.</p> 
<h3 class="wp-block-heading" id="h-insights-from-influential-voices"><strong>Insights from Influential Voices</strong></h3> 
<p>Notable figures in finance, such as Robert Kiyosaki, have weighed in on the <a href="https://cryptonewsland.com/bitcoin-profits-are-made-when-bought-not-sold-according-to-financial-educator-robert-kiyosaki/">current Bitcoin market</a>. Kiyosaki expressed frustration over the hesitation of potential investors, citing high prices as a common discouragement.&nbsp;</p> 
<p>He emphasized the importance of buying Bitcoin regardless of its current price, echoing the investment principle that profits are realized at the time of purchase rather than sale. His advice is a long-term perspective, urging individuals to invest what they can afford and to continue accumulating Bitcoin over time.</p> 
<p>The current Bitcoin market reflects a well-established pattern of price movements surrounding halving events. The actions of whales and <a href="https://cryptonewsland.com/u-s-bitcoin-miners-achieve-record-market-cap-amid-industry-growth/">miners indicate strategic positioning</a> in response to these market shifts.&nbsp;</p> 
<p>As the price stabilizes and potentially rises again, investors are reminded to maintain patience and adhere to long-term strategies. Influential voices like Robert Kiyosaki’s serve as a reminder of the enduring potential of Bitcoin, advocating for consistent investment despite market volatility.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/why-did-influential-cardano-whale-delete-his-twitter/">Why Did Influential Cardano Whale Delete His Twitter?</a></li>
 <li><a href="https://cryptonewsland.com/strategic-bitcoin-reserve-sales-by-miners-pre-halving/">Strategic Bitcoin Reserve Sales by Miners Pre-Halving</a></li>
 <li><a href="https://cryptonewsland.com/cryptoquant-bear-market-miners/">CryptoQuant: Bear Market for Miners Not Over Yet</a></li>
 <li><a href="https://cryptonewsland.com/influential-crypto-analysts-53-million-portfolio-exposed-top-3-coins/">Influential Crypto Analyst’s $53 Million Portfolio Exposed—Top 3 Coins</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-halving-impact-first-time-in-history-update-makes-miners-wary/">Bitcoin Halving Impact ‘First Time in History’ Update Makes Miners Wary</a></li>
</ul> 
<p>The post <a href="https://cryptonewsland.com/bitcoin-price-action-prints-a-familiar-pattern-bullish-wave-potential-emerges-75000-ath-soon/">Bitcoin Price Action Prints a Familiar Pattern, Bullish Wave Potential Emerges, $75,000 ATH Soon?</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Bitcoin Price Action Prints a Familiar Pattern, Bullish Wave Potential Emerges, $75,000 ATH Soon?

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