An in-depth look at the history of the Bitcoin halving and 2024 for INDEX: BTCUSD by ArShevelev – Technische Analyze – 2023-01-22 11:11:02

Brief overview of the former bitcoin Halving and its effects on the market

Bitcoin halving is an event that takes place every four years and halves the reward for miners who successfully mine a new block.

the bitcoin The protocol relies heavily on a concept called mining. Mining is an important part of bitcoin Network This is the process of verifying transactions on bitcoin blockchain, and has a significant impact on bitcoin Market, because it affects Supply and demand from bitcoin .
first half of bitcoin It took place in 2012 and was marked by a major landmark in the history of cryptocurrency. The halving process reduces the amount of new Bitcoins It is created and released into the circulation every 10 minutes, which is less inflation and increase deficiency bitcoin . The half event was seen as a rising signs of the future bitcoin Because it indicates that the demand for the digital currency is increasing while the supply is decreasing.
The rest of the halvings are in 2016 and 2020 bitcoin The award was followed by a pre-event and post-event rising muster this saw bitcoin Prices go up continuously The peaks are in 2017 and 2021, respectively.

What are the expectations for the future impacts of 2024 bitcoin Cut prices in half?

the bitcoin The halving in 2024 will be one of the most anticipated events in the cryptocurrency world. It is expected to have a significant impact on the price bitcoin And many experts predict that it could lead to a significant increase in its value. It is important for investors to understand how this event will affect the market so that they can make informed decisions about their investments.
And we are getting closer bitcoin For the halving, it is important to understand what it means and how it will affect the cryptocurrency market. The 2024 halving will reduce the miner reward from 6.25 BTC The next block reward will be 3.125 BTC per block mined, which can have a significant impact on the price bitcoin and other cryptocurrencies. To prepare for this, investors should be aware of possible changes in market dynamics, such as increased stimulus FOMO, sudden price volatility before half.

half events bitcoin It has been divided into sectors in an outline to provide an insight into its history. It is interesting to note that each halving event is marked with a unique color, starting with the number 0. This chart also provides insight into the changes in the value of Bitcoin during these 1-2-3 events, and how they affected the growth from bitcoin

1 upward stage (2013, 2017, 2021)
2 Breakdown Phase (2014, 2018, 2022)
3 Bottom Stage (2015, 2018, 2023?)

Going by this trend, we can expect 2023 to be the bottom phase of the cycle and we are likely to see prices double as investors look to profit from the increasing scarcity of bitcoin . After that, we are likely to see a rapid bounce back towards the new one continuously (ATH) rises, as investors FOMO to take advantage of increased demand.

the bitcoin The 2024 halving will be a defining moment. After halving, the lot is newly mined Bitcoins Halve this may lead to a significant change in bitcoin prize. This can have both positive and negative consequences for a value bitcoin But it can be pure mathematics for Supply and demand .

sincerely
Artem Shelev

Leave a Reply

Your email address will not be published. Required fields are marked *