Coinspeaker
Bitcoin Halving Buzz and Predictions Increase with Six Months Left to Event
The upcoming Bitcoin halving expected next year is already creating quite a bit of buzz as the market anticipates a reduction in Bitcoin block rewards. With a little over six months left till the halving, analysts are now offering predictions about Bitcoin’s chances.
While the specific count might not be the same across analysts, Rekt Capital posted on X that the halving is 189 days from Monday. Rekt Capital has offered an analysis of Bitcoin’s price behavior during the 189 days before the second halving in July 2016.
The analyst noted that Bitcoin fell 25% about 189 days before the second halving, in a re-accumulated range that lasted until two months pre-halving. According to CoinMarketCap data, Bitcoin is trading at $27,522. A similar plunge, as seen during the 2015 re-accumulation phase, could see the king coin plunge well below $22,000.
After this ended, Rekt Capital notes that Bitcoin th
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