Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Decora50 on February 02, 2024, 02:55:34 AM
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The fourth Bitcoin halving is predetermined to occur at block height 840,000, although the exact date is unknown due to the natural variability and probabilistic nature of mining blocks.
Halving slashes in half the coins Bitcoin miners receive as rewards. According to the Glassnode estimate, the Bitcoin halving might occur on April 23, 2024, although this might vary. The expected date for Bitcoin halving is April 22, 2024, according to OKLINK, which gives a countdown of about 80 days. There are presently 11,603 blocks left for this event. Bitcoin mining rewards will be slashed from 6.25 BTC to 3.125 BTC.
Details (https://no link shorteningday/btc-halving-countdown-four-likely-patterns-highlighted-by-crypto-analyst)
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As we approach the #BitcoinHalving in April 2024, here are four key points to consider:
1⃣Post-halving corrections: After the 2016 and 2020 halvings, #BTC experienced corrections of 30% and 7% within a month.
2⃣Significant post-halving rallies: Following the 2012, 2016, and 2020 halvings, $BTC surged by 11,000%, 2,850%, and 700%.
3⃣Bull market durations: The bull markets after each halving lasted 365 days, 518 days, and 549 days, respectively.
4⃣The next market top: If the upcoming bull market follows historical trends, we might anticipate the next #Bitcoin market top around April or October 2025.
Details (https://twitter.com/ali_charts/status/1752739364768034817?t=XEMsODP6frwTKEkMa3KZRw&s=19)
Stay informed and watch for these patterns
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So far Bitcoin price movements are still difficult to determine, but if you look at the limited supply and very high demand, it will have the opportunity to become expensive, but patience is really needed to see the Bitcoin price rise. When looking at the graph you provided from 3 halving before this year then it is certain that the price of this 4th halving will rise even higher.
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Every 4-year there were variables that pushed the price forward, and sometimes there was one or more variables. In the last cycle, we had Tesla buying Bitcoin and adopting Bitcoin as a legal tender in El Salvador. In this cycle, we have ETFs, which will be an important factor in making the price move higher, and all we have to do is Waiting for the next event.
Most predictions indicate $160,000, and the very optimists will say $180,000.