The next halving is roughly 18 months away...
Bitcoin tends to bottom more than a year prior to the halving...
The next bitcoin halving is only 18 months away at this point.
Based on current projections, the next halving will happen in the spring of 2024, likely in April or so.
This halving will cut the current block rewards in half...
Check it out:
(Source: https://twitter.com/Next100XGEMS/status/1595787486068084737/photo/1)
The price tends to respond very favorably to this with massive rallies happening the months that follow.
The peak post halving tends to happen roughly a year and a half post halving.
So, we have a the bottom more than a year prior and the top roughly 18 months post, seems like a pretty reasonable setup to trade around!
Upvoted! Thank you for supporting witness @jswit.
What is your price prediction?
I wish i had my charts active. I stopped a long time ago. But let's pray for it's scarcity to bring in a corresponding rise in price
LOOK AT THIS !!! Crypto on sale more than 70%
Yes,the Bitcoin halving is a very big incentive to permit the price to rise and also causing scarcity even to the validators. The bearish market would soon be over. We can't be too sure though. But hopefully 18 months time will tell