Bitcoin ETF

Bitcoin

Arthur

<ul>
 <li><strong>Bitcoin Investor caution prevails as halving countdown nears its climax.</strong></li>
 <li><strong>Parallels drawn between upcoming halving and past Bitcoin ETF launch.</strong></li>
</ul>
<p>As the much-anticipated Bitcoin halving event draws closer, the crypto community finds itself divided on its potential impact on the market. With just seven days remaining, Bitcoin’s price has shown little movement, prompting speculation and differing opinions.</p>
<p>Over the past month, Bitcoin has experienced a modest 3% decline in value, fluctuating between highs of $71,000 and lows of $60,895. Currently trading at $70,842.54, the cryptocurrency market remains relatively stable as investors await the impending halving event.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/liP3DmxtpOBtlSxr2OslwZur_qplHtjt0lE__gFZrkNtnHZaj-4uRKZg3yPlvQ6Baee_y4kzxWJDsQ15_SjUPO5c3LQ9C2tzdFoeaugrzAVHy57UWbRIQqq331dKjqsXSxREwJAabBfs_yyhBtDfJTc" alt="">
  <figcaption class="wp-element-caption">
   BTC Price Chart, Source:TradingView
  </figcaption>
 </figure>
</div>
<p>Some analysts foresee a correction in Bitcoin’s <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">price</a>, while others predict a possible dump around the time of the halving. Arthur Hayes, founder of BitMEX exchange, suggests that April presents an opportune time for short trade positions due to an anticipated liquidity crunch. In a recent blog post, Hayes expressed skepticism towards the widely held belief that the halving would lead to a surge in crypto prices.</p>
<p>Additionally, some draw parallels between the upcoming halving and the launch of the spot Bitcoin <a href="https://thenewscrypto.com/hong-kongs-bold-step-with-bitcoin-etfs-how-btc-responds/" rel="noopener noreferrer nofollow">ETF</a>. They argue that Bitcoin could follow a similar trend, experiencing a price pump followed by a subsequent dump.</p>
<h3 class="wp-block-heading" id="h-halving-throwback">Halving Throwback</h3>
<p>Comparisons to past Bitcoin halving events further fuel speculation about potential market movements. Historically, Bitcoin has seen significant price fluctuations before and after events. Following the 2012 and 2016 halvings, Bitcoin’s price experienced both surges and dips, with the long-term trajectory ultimately leading to substantial gains.</p>
<p>However, past performance is not indicative of future results, and the crypto market’s evolving dynamics add an element of unpredictability to the upcoming halving. While some investors remain optimistic about Bitcoin’s prospects post-halving, others approach the event with caution, mindful of the potential for market volatility.</p>
<p>As the countdown to the halving continues, the crypto community braces for what lies ahead, navigating a landscape marked by speculation, uncertainty, and divergent opinions on the event’s ultimate impact.</p>

Bitcoin Halving in 7 Days: What Can Traders Expect?

Tabla de contenidos

TheNewsCrypto

Otros artículos publicados el 12 abr 2024

PEPE’s big 10% price hike – Here’s one reason to thank Dogecoin

Upcoming Bybit listings

Algotech (ALGT) blasts past $3.7m; Shiba Inu (SHIB) burns on 300% surge, Pepe Coin (PEPE) pumps 7...

PancakeSwap Integrates Orbs-Powered dLIMIT and dTWAP Protocol

Cardano ‘not a Bitcoin clone’: Unpacking ADA’s approach

Scorpion Casino Pinksale Goes On Until April 14, Don’t Miss Out On The Chance To Get SCORP At Che...

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!