Crypto News– Despite the prevailing sentiment within the crypto community, analyst PlanB, known for creating the Bitcoin Stock-to-Flow (S2F) model, holds the view that the upcoming halving event will not diverge from historical trends.
This upcoming Bitcoin halving is unlikely to deviate from past patterns
In a recent tweet, PlanB reiterated his belief that Bitcoin’s price will likely follow a similar trajectory as previous halving cycles.
This halving event is expected to follow the same pattern as previous ones
In recent weeks, numerous analysts and members of the crypto community have expressed uncertainty regarding the potential impact of the upcoming halving event on Bitcoin (BTC) and its market value. This uncertainty has arisen because BTC reached an all-time high about a month before the halving.
Historically, Bitcoin’s all-time highs have typically occurred after the halving, as the event reduces BTC supply and slows down production due to the halving of miners’ block rewards by 50%. However, the strong demand for United States spot Bitcoin exchange-traded funds (ETFs) launched in January propelled BTC beyond its previous peak of $69,000 in November 2021, reaching a new high of $73,700 in mid-March.
At present, it remains unclear how much BTC will rally following the halving and whether its gains will be significant compared to previous events.
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