Four Likely Patterns Highlighted by Crypto Analyst By U.Today
From Investing.com:
The fourth Bitcoin halving is set to occur at block height 840,000, with an estimated date of April 23, 2024. The estimated date by OKLINK is April 22, 2024, with about 80 days left and 11,603 blocks remaining. The halving will slash Bitcoin mining rewards from 6.25 BTC to 3.125 BTC, historically leading to significant bull runs.
As the Bitcoin halving event approaches, crypto analyst Ali highlights four possible patterns to consider. First, there could be post-halving corrections, with Bitcoin reacting negatively to the event. Second, there is the possibility of significant post-halving rallies, leading to a positive reaction and a bull run. Third, the pattern of past bull market durations has been around 365-549 days. Lastly, the next Bitcoin market top could be expected around April or October 2025.
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