Bitcoin

Impact

Rekt

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-holds-steady-as-market-anticipates-upcoming-halving-event">Bitcoin Holds Steady as Market Anticipates Upcoming Halving Event</a><br></p>
<p style="text-align: justify"> Despite a notable absence of significant purchases by spot <a href="https://en.bitcoinhaber.net/bitcoins-volatile-surge-a-premonition-of-a-potential-crash">Bitcoin</a> ETFs, Bitcoin’s market performance has remained robust, according to Venturefounder, a proponent of a calm market approach. This resilience is particularly noteworthy given the lack of substantial daily investments from these institutional funds. </p> 
<h2 id="anticipating-the-halving-s-impact">Anticipating the Halving’s Impact</h2> 
<p style="text-align: justify"> As the halving, set to occur in less than two months, draws closer, speculations around its effect on Bitcoin’s value are intensifying. Analysts are contemplating whether the conventional four-year market cycle hypothesis still holds, given recent price movements at atypical times, possibly indicating a shift in market dynamics. </p> 
<p style="text-align: justify"> Notably, Credible Crypto, a well-known investor and analyst, questioned whether the upcoming cycle is genuinely different or if perceptions are skewed by an overemphasis on the halving event as indicators of market trends. </p> 
<h2 id="insights-from-leading-analysts">Insights from Leading Analysts</h2> 
<p style="text-align: justify"> Credible Crypto predicts a sharp upward trajectory for Bitcoin prices, culminating in a peak by the end of 2024, which may be followed by a significant bear market. Conversely, Rekt Capital suggests that, based on historical patterns, there is potential for a pre-halving surge, with a minor retracement expected a few weeks prior to the event in April. </p> 
<p style="text-align: justify"> These differing views underscore the speculative nature of the cryptocurrency markets, as analysts strive to forecast the outcomes of an event like the halving, which has historically had a considerable impact on Bitcoin’s value.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-holds-steady-as-market-anticipates-upcoming-halving-event">Bitcoin Holds Steady as Market Anticipates Upcoming Halving Event</a></h5>

Bitcoin Holds Steady as Market Anticipates Upcoming Halving Event

Table of Contents

BH NEWS

Другие статьи, опубликованные 19 февр. 2024 г.

Bitcoin Eyes New Heights as Ether Targets $3,000 and Altcoin Investors Grow Hopeful

3 cryptocurrencies under $0.10 to buy this week

Pixels Team Gifts Ronin Network Stakers with 20 Million PIXEL Token Airdrop

Uniswap Confirms v4 Update for Q3-2024

Grayscale’s spot Bitcoin ETF GBTC outflows hit $7b

Goldman Sachs Predicts S&P 500 to Reach 5,200 by 2024, Aligning with Bitcoin’s Bullish Trend

Join our free newsletter for daily crypto updates!