Cryptocurrency investors in bitcoin As the start of the bull when following 4-year cycles Bitcoin reward halving based on history.
in bitcoin It is believed that this reflects positively on the price as mining rewards decrease and rises in price with scarcity.
USA’s largest cryptocurrency stock market coinbase In his latest report, the Bitcoin halving, which is expected to take place in the second quarter of 2024, BTC price He said it could have a positive effect on
In the report written by David Duong, it was stated that the effect of liquidity, interest rates and the movements of the US dollar should also be examined in order to see the picture clearly about the bull markets experienced after the previous halvings.
In the report, it was stated that the Bitcoin halving had a positive impact on the price as it affected the supply and demand dynamics, but it was difficult to draw a clear model because it should be considered together with other factors.
“The impact of liquidity, interest rates and US dollar movements needs to be unraveled to get a clear picture of how markets have reacted to previous Bitcoin halvings.
The halving is seen as positive as it affects supply and demand dynamics, but the reasons for the reaction of the markets to the previous three halvings are limited. It is difficult to see a clear pattern of how much these responses are affected by factors such as global liquidity.
Global liquidity has recently peaked and the next halving is 9-10 months away. This data creates uncertainty about how Bitcoin’s price movements will clearly respond to the halving.”
In a recent report, JP Morgan stated that it expects retail demand for cryptocurrencies to increase as Bitcoin Halving approaches.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!