In the month after past Bitcoin halvings, its price saw little movement — but in the next year it saw significant gains, says Bitwise Asset Management.) halving days away now, scheduled for April 20, but price action in the month that follows the highly anticipated event has been historically disappointing, says Bitwise Asset Management.for the past three halvings saw its price drop — but in the year that followed its price saw a minimum of triple-digit percentage point gains.
Industry executives are equally pessimistic in the short term. 10x Research head of research Markus Thielen predicted on April 13 that there could be aMeanwhile, Marathon CEO Fred Thiel said that the halving rally was already factored in, bringing forward what would have been a post-halving rally.There were five significant pullbacks ranging from 18% to 23%. Currently, markets have corrected 16% and suggested that there could be further to go.
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Source: Cointelegraph - 🏆 562. / 51 Read more »