75 days to Bitcoin Halving
Bitcoin halving is the next big event in the crypto market and people are waiting for this event because after that some movement in the market is expected to happen. While it is highly anticipated that there will be some movement in the price for Bitcoin it does not mean that we are going to see a significant price rise. I remember in March 2020 the Bitcoin price was less than 4000 U.S. dollars before the halving event but in the next year, we saw Bitcoin reaching its all-time high which was approximately $70K.
Halving is the event that will affect the Bitcoin miners as their block reward will be cut by 50%. After this reduction, the cost of Bitcoin production will increase and to adjust that it is obvious that the price for Bitcoin will go up so that they do not end up paying more than the market price for Bitcoin production.
Bitcoin mining is a complex task that requires a lot of resources and energy which is expensive and to keep it on the balance it is necessary to have a better price in the market. We cannot expect an immediate rise in the market however after the halving event things will start changing and maybe after six months or so, we can see some positive momentum.
We are left with just 75 days for the halving event and the countdown is on in coin market cap website that you can access through the link provided above. I think everyone in the crypto space should be aware of this event because this is a big one and it may change the market and also it will affect the overall price sentiment in the market. Some people are anticipating that the Bitcoin price will go down around halving time so that big whales will be trying to buy more at lower price. I also think the same and if that opportunity locks the door then I think we should be grabbing it and will not be missing the opportunity.
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Very important speech about BTC halving.
I am also waiting to see the halving event on BTC and hope to see a big movement of BTC near by days. Lets see. Thank you very much for this article,
We have not seen any effect of ETF because things are not gonna change overnight it takes time. The same goes with bitcoin halving. Waiting for it.
Your article is very good. Nicely explained about Bitcoin Halving. I hope you write articles like this in the future.Thank you.
Amazing, you have just shared something that we have been waiting for all this time, after that time happens we will see a new chapter in the crypto market, and that's where something extraordinary will happen for those of us who want to fight in the crypto world.
Good to know, the countdown to the halving has began let it come let it come 😁
count down is on...