19 days after the April 20, 2024 halving, What will happen then?
19 days after the April 20, 2024 halving, the price of Bitcoin has still not reacted positively. This event, which only occurs every 4 years, comes in a still fragile crypto context. However, history shows that previous halvings have consistently propelled the BTC price to new heights. What will happen this time?A Promising Halving Despite Limited Short-Term ImpactThe 4th halving in Bitcoin’s history, which occurred on April 20, 2024, cut mining rewards from 6.25 to 3.125 BTC per mined block. While this event temporarily affected the network’s hashrate, the BTC price did not undergo a significant correction.Trading around $64,000 at the time of the halving, the Bitcoin continues to hold these levels 17 days post-event. Historically, halvings have always been followed by a strong appreciati
Trading Lounge technical analyst Kittiampon Somboonsod said that according to Elliott Wave technical analysis, Bitcoin's fourth wave may have been completed, and the fifth wave price has risen again.Speaking of Bitcoin trading strategies, Kittiampon wrote: "Overall, Bitcoin is still in an upward trend.""But this is the adjustment period of the fourth wave, which seems to be complete.""So this is an opportunity for us to join this trend again and look for opportunities to open long positions."In terms of technical indicators, he pointed out that the price above MA200 indicates an upward trend, and the wave oscillator is bullish momentum."Bitcoin's fourth wave may have been completed, and the fifth wave price has risen again."Source:IGSource:IGIt is worth noting that legendary trader Arthur