what is Bitcoin Halving?
Bitcoin halving is an event that occurs every four years and reduces the block reward for verifying transactions on the Bitcoin network. This reduction in supply helps to control the overall inflation rate of the cryptocurrency and maintain its scarcity. The next halving is expected in April 2024.
Chart Overview: The chart above illustrates how the price of Bitcoin moved before and after halving.
Before the 500 days leading up to halving, the Bitcoin price began to rise slowly. After the halving, the price of Bitcoin experienced a significant increase, a pattern that has repeated in the past three halvings. We anticipate a similar price movement in the 4th Bitcoin halving. Until the 4th Bitcoin halving, which is expected on April 14, 2024, we expect Bitcoin's price to continue its gradual ascent. After the halving, we anticipate a strong upward movement in Bitcoin, potentially reaching the $200,000 level.
Thanks,
Hexa
Bitcoin halving is an event that occurs every four years and reduces the block reward for verifying transactions on the Bitcoin network. This reduction in supply helps to control the overall inflation rate of the cryptocurrency and maintain its scarcity. The next halving is expected in April 2024.
Chart Overview: The chart above illustrates how the price of Bitcoin moved before and after halving.
Before the 500 days leading up to halving, the Bitcoin price began to rise slowly. After the halving, the price of Bitcoin experienced a significant increase, a pattern that has repeated in the past three halvings. We anticipate a similar price movement in the 4th Bitcoin halving. Until the 4th Bitcoin halving, which is expected on April 14, 2024, we expect Bitcoin's price to continue its gradual ascent. After the halving, we anticipate a strong upward movement in Bitcoin, potentially reaching the $200,000 level.
Thanks,
Hexa
Comment:
Bitcoin Halving is explained in detail below.
