The 2024 Bitcoin (BTC) Halving is anticipated to have significant implications for the crypto market. Analysts have been particularly providing insights regarding its impact on Bitcoin’s price trajectory. Insights from analysts Rekt Capital, Robert Kiyosaki, and Bitwise CEO Hunter Horsley provide valuable perspectives on this matter.
How Will 2024 Halving Impact Bitcoin Price?
In a recent YouTube video, Rekt Capital’s analysis outlines the Bitcoin Halving phases, comparing the 2024 cycle with those of 2020 and 2016. The pre-Halving downside phase, characterized by a pullback in the Bitcoin price, has been observed in previous cycles as well. Similarly, the pre-Halving rally phase, marked by new all-time highs, precedes the Halving event.
Notably, historical trends indicate that the pre-Halving rally typically commences approximately 60 days before the Bitcoin Halving event, leading to a surge in the BTC price. However, as observed in the current cycle, a recent retrace of approxima
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