Bitcoin tends to not do much right after the halving

in #bitcoin14 days ago

Don't worry, all is not lost

People are starting to wonder why bitcoin is weak post halving.

I would respond to that saying, that is expected.

if we look back at history we can see that the price of bitcoin tends to not do much post halving for at least 42 days.

More specifically:

image.png

(Source: https://twitter.com/StockmoneyL/status/1784275550237777951/photo/1)

It has taken on average of a couple months before the price breaks those halving highs.

That means we could be looking at July or August before the bitcoin bull market really is taking off again.

Doesn't mean we have to dip much lower than this though.

My guess is we basically consolidation for a few more weeks, maybe months, then it's up again.

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