Bitcoin halvings typically followed by 18-month rally, analyst says
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- Опубликовано: 20 мар 2024
- Bitcoin (BTC-USD) is slowly recovering after experiencing recent declines from its all-time highs. Benchmark Managing Director and Senior Research Analyst of Fintech and Digital Assets Mark Palmer joins Yahoo Finance Live to discuss the cryptocurrency's pricing patterns ahead of April's expected bitcoin halving event.
Palmer highlights that historical trends suggest the occurrence of a bitcoin halving "is not unusual." He points out that in 2016 and 2020, "significant retracements in price" preceding the bitcoin halving, and the same pattern is unfolding "in the 2024 cycle." Palmer draws an analogy between a bitcoin halving and "a wildfire," explaining that when the rewards paid to miners are halved, it prompts many miners to exit the market, leading to increased volatility.
However, Palmer notes that historically, an extended rally tends to follow after a bitcoin halving event. He also notes "demand shocks" stemming from the approval of spot bitcoin ETFs and the spillover into stocks crypto stock associated with the space's volatility, such as MicroStrategy (MSTR).
#youtube #bitcoin #crypto
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Everyone has been preaching "buy now, stocks are at a discount" but I've been buying stocks since the beginning of the year and yet nothing's changed, but I've been reading articles of people still in the same market pulling off over 350k in just a couple months, what am i doing wrong?
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I'm admittedly bummed that I didn't go with my gut instinct & buy bitcoin few months back when it was $20k - $25k range. is it too late to get in and make profits? i have set aside $450k to get fully invested this year
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I didn't know Steve balmer founder of Microsoft had a son
He is cloning himself.
Did not mention 100-200 day historic period of sideways action before usual parabolic increases. Don’t expect instant price explosion post halving. Although institutional effects may shorten the accumulation period.
So, don't expect a bear market to last 18 months after the halving?
@@nosuchthing8 if Bitcoin is bound to go parabolic in early 2025.
People really freaked out once it went down to 62k. The market shook out a lot of weak retail hands. We should hit an ATH within two weeks or by April 1st.
;; you mean LIQUIDATE
And when those weak hands start selling, the wolves, bulls, and whales appear to collect
@@jdrockefellas yes sir they do. Uncle Larry and the rest will be happy to buy them out.
So weird that people freak out because of 62K.... I mean that is triple the previous 2017 high
Fail !!!!!
Uh…… halving…. Uh …. Uh Bitcoin….. uh… stock uh
Uhhh right uhhh
I don't hold bitcoin yet but what I hold a lot of is 3+bln Shib worth 87+k so I'm waiting for Shib to break out so I can definitely have enough to buy thousands of Bitcoin.
Why are they always screaming?! wtf
400k coins traded daily and 6 coins vs 3 coins per 10 minutes is going to make a difference how?
English?
Late buyers
No coiners
Imagine if we get a left translated cycle ! MAX PAIN
Supercycle
never in history the halving had an immediate effect to btc ....... takes some weeks or so. but everyone seems to like to talk about
Just HODL
2016: 17X
2020: 6X
And who's this chick? I'll definitely listen to someone reading from the prompter yes ty
Wrong 120k by end of 2025
sell the news😂
70,667.xx
BTC is really getting pumped right now. I will wait until after the having to take another look. At the moment I am taking profits from BTC and buying gold.
the big guy can enter the market with a quantum computer and take the market
Crypto can go quantum too.
Share your thoughts and questions related to the content, and let's have a constructive discussion!
An amazing performance! Thank you so much!
Well done. You've done an unusual job to explain. thank you!
Hey where do I see your advice on crypto happenings? I am trying to understand crypto trading and looking for professional help.
Great to see you guys talking about Wilfred Brant,he
changed the game for me. Good man❤️
wen moon wen lambo
XLM to the moon 🔥🔥🔥
COLOSSAL CRASH IS WEEKS AWAY GUYS! 35K IN PLAY SO.SORRY
I hope it drops that low so i can buy another coin 🙏🏽
Waffle
I like waffles.
shiba inu to 0.01 is the dream goal
GME to the moon on earnings!
I hit 200k today. I am truly grateful for all the
knowledge and nuggets you have given me over the past few months. Started with 14k in June 2022, thank you Ms. Elizabeth