Bitcoin Halving: Price on Half, or Price Will Double?
Bitcoin Halving is scheduled on Friday April 19th, so what to expect after that?
Looking at different times when crypto went through a halving, which cuts the reward for mining in half, the reaction in price right after isn’t always the same. After the 2012 halving, prices shot up, but in 2016 and 2020, things stayed pretty flat before they decided which way to go.
What’s important to remember is that what happens right after a halving might surprise us—it doesn’t always do what most people expect. But if we’re patient and looking at the long run, usually these events mean prices might go up because there’s less new crypto coming out.
BITCOIN PAST HALVINGS
So, if the price doesn’t jump up right after a halving, don’t worry too much. It’s all about playing the long game and seeing how things unfold over time.
Not only halving, it’s also crucial to observe some technical levels, Elliott wave pattern, as well as geopolitical events to predict potential direction with a greater confidence.
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source www.wavetraders.com
On the date of publication, Gregor Horvat did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.