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As known, every four years The process of halving the number of rewards Bitcoin miners receive from their mining activities, called halving, April 2024′will be repeated. Next year
As known, every four years The process of halving the number of rewards Bitcoin miners receive from their mining activities, called halving, April 2024′will be repeated.
Next year it will be held for the fourth time. halveThis will happen as part of the process of capping the Bitcoin supply to 21 million.
Bitcoin last November 2021 It reached the highest price in its history.
After the sharp drop in markets, Bitcoin is still struggling to surpass the USD 30,000 level and stay there. 70% rate has been restored.
Currently (April 24, 2023) Bitcoin $27,278.20 traded by level.
Bloomberg intelligence And matxiport Bitcoin surveys indicate that it will enter a serious uptrend.
Analyst Jamie Douglas Coutts says of Bitcoin’s previous halving processes. 12 to 18 months ago He says he made a dive.
Given the current price movements similarities to previous processes According to Coutts, who stated that the possible to jump.
According to research director Markus Thielen, the price of Bitcoin will be higher than the current price in April next year. more than twice can reach.
Analyst Jacob Joseph said that the market growth and changes in the competitive conditions of other crypto assets are related to the rise in the price of Bitcoin. that you can change the previous cycle say.
In other words, the halving that will occur in 2024 is compared to the other three halves. does not happen in the same way probably too.
According to Joseph, the 20-day exponential moving average for Bitcoin should shed some light on this. (EMA) and 50-day simple moving average (SMA) and a few other key technical indicators must follow.
Source: Web Tekno
Jason Root is a blockchain enthusiast and author at Div Bracket. He provides comprehensive coverage of the latest developments in the world of blockchain, offering readers a unique perspective on the industry and its potential for revolutionizing various industries.
