CandleFocus $BTC Halving Cycle Experiences a 12% Price Decline, Top Expected in Next Summer
2024-09-08
Author: Content Editor
According to data from crypto intelligence firm IntoTheBlock, the current Bitcoin halving cycle has seen a price decline of 12% from its halving price of $63.9K. This price dip is seen as significant in understanding the cyclical movements and market expectations of Bitcoin's price. Historically, Bitcoin has reached its peak around 480 days after a halving event, which would place the next peak in the summer of 2025. The 12% dip in the current cycle could indicate ongoing efforts to deal with uncertainty, inflation concerns, and interest hikes, but the overall long-term outlook for Bitcoin holders is relatively positive.
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