Bitcoin Price Remains in a Trading Range After Halving
As the Bitcoin community celebrates the 2nd successful quadrennial block reward halving, market participants seems less enthusiastic about the event. Economics will trump speculation eventually, but directionless volatility might be here to stay for a bit. The Bitcoin halving is a seminal and historical event that carries significant meaning for almost everyone involved. It is yet another example of Bitcoin’s monetary predictability, and perfectly juxtaposes the legacy system which has never been good at following through on promises. We now enter a new era of Bitcoin, one in which the....
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Bitcoin, the pioneer of cryptocurrencies, has gained immense popularity and attention over the years. Among the various factors that influence its price, Bitcoin halving events stand out as crucial moments in the cryptocurrency market. In this article, we’ll delve into why Bitcoin halving remains an important factor for BTC prices. Bitcoin Halving: A Brief Overview […]
The 2024 Bitcoin halving is only two days away, and there are already varying expectations of what might happen to the BTC price once the event is completed. One way to get an idea of how it could play out for the Bitcoin price, though, is through historical data and how the cryptocurrency has performed at times like these. Bitcoin Price Trends For Previous Halvings There have been three halvings so far since Bitcoin was first launched in 2009 and with each one, Bitcoin has demonstrated various reactions to the event. The first halving took place on November 28, 2012, the second happened....
Bitcoin trading has been holding price between technical constraints just above $400. The option of moving out of this range has been tried to the upside and down, recently, without igniting a meaningful trend. Classic(TM) dithering and consensus breach may be unnecessary, after all. After trading bitcoin price above $300 in October – and briefly attaining the mid $500s – the price chart has been consolidating in a narrowing range. During 2016, the range has narrowed to the chart area between $350 and $450 – a range wherein price is currently trading at the midway level near $400. A....
The halving comes and goes, Ethereum wants to hard-fork, and the blockchain does income grants. Want to catch up on the latest cryptocurrency news? Take a look at the stories below. BITCOIN HALVING. The halving has officially come and gone, and the results haven’t been as big as we all hoped for. At mid-day on Saturday, the bitcoin price fell to the $620 range but jumped back to about $645 within a few hours. Despite all the press and predictions that led up to the event, not much seems to have happened. Following the first halving in 2012, however, the price of a single bitcoin increased....
Bitcoin price, as a commodity, criss-crosses its chart range. A reward-halving rally is still possible and is looking more and more likely as other global commodities sink into a recession quagmire. The trader is essentially an analyst – a researcher looking for opportunities. Bitcoin price remains in its consolidative range and we await movement out of the band defined by the recent corrective highs and lows. Prediction, at this point, seems irrelevant: we’re going to get a signal to one one side or the other – and trade it. The repeated failures at advance after a supposed “bullish”....