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Investors are asking when is Bitcoin Halving Event? And with less than 48-hours on the Bitcoin Halving Clock – explore this deep-dive into major the major upcoming supply date.
With Bitcoin’s value ballooning like mad to hit a new all-time high in March, alongside Coinbase’s return to the upper ranks of the app store, many are pondering the sustainability of this bull run.
In this article, we will discuss whether we are on the brink of a market peak, a slight pullback, or even a full-scale correction.
Among the investors on Team Bull Market, technical analyst Yoddha took to X to share that he’s feeling the euphoria of the Bitcoin Halving.
“I’m expecting the BTC top in the next 9-12 months,” claimed Yoddha.
But many say this cycle feels different due to the introduction of Bitcoin ETFs, so what’s about to happen to the BTC price?
When Will BTC Moon? The Feast Comes After The Fast
Rewinding through Bitcoin’s halving history—2012, 2016, 2020—it’s clear that Bitcoin hit jackpot returns after every Halving event.
Yet the price action magic has never sparked immediately post-halving. Read that again.
The slow burn in the months and sometimes even the year after ignites the price.
Case in point: Post-2016, Bitcoin took a dive by -10% after the Halving only to soar +285% and touch all-time highs at $20,000 in 2017.
Fast forward to 2020, a modest +6% uptick post-halving preluded a staggering +548% explosion – the feast comes after the fast.
(BITWISE)
Mark your calendars for April 20 for the Bitcoin Halving clock, but don’t expect the world in the days after – at the heart of the halving is a slash in mining rewards to 3.125 newly minted bitcoins.
It’s a genius mechanism of supply and demand that makes BTC more scarce.
But it could be the biggest “sell the news” event we’ve seen in the Bitcoin space, followed by a ballistic price explosion in May or over the summer.
Bitcoin Halving Clock – BTC to $200k in 2024?
In a conversation with macro investor Raoul Pal, Crypto King of the internet and former CEO of BitMEX Arthur Hayes says people don’t have enough imagination for the price of Bitcoin and altcoins in 2024:
“I think this cycle is going to be insane and people don’t have enough imagination for how crazy things can get,” said Hayes.
Bitcoin consulting expert Erik Muro is eyeing a cool $200,000 baseline for Bitcoin within four years, scoffing at anything shy of $500,000 as a disappointment.
His confidence is rooted in the stock-to-flow model, betting on Bitcoin’s scarcity to drive its price skyward.
Antoni Trenchev of Nexo eyes an “explosive cocktail” brewing on the horizon, with Bitcoin’s reduced supply and burgeoning ETF demand.
Yet, with Bitcoin already breaking past its last cycle’s peak, predicting the outcome of this Halving event is trickier than ever.
According to these investors, the golden rule is to hodl (hold on for dear life) as if your life depended on it after the Bitcoin Halving clock strikes zero. Or as Raoul Pal says, “Don’t F this up. Hold.”
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
