What Bitcoin’s post-halving history tells us about BTC’s 2024 prices

halving triggered a bull rally for altcoins, but BTC itself did not showcase much volatility. However, if historical data is to be believed, then things might turn bullish for BTC as well.Just a few days after the much-awaited BTC halving, altcoins began bull rallies, allowing several cryptos to register double-digit growth. Meanwhile, BTC laid low, as it didn’t push its price up by a huge margin., BTC was up by 2% in the last 24 hours. At the time of writing, it was trading at $64,992.

As per the tweet, BTC’s price has always consolidated during the halving months back in 2020 and 2016. This indicated that investors might witness less volatility in April. Buying sentiment among US investors was also dominant, as evident from its green Coinbase Premium. This meant that investors were confident in BTC and expected its value to rise in the coming weeks.To see which direction BTC might head during the upcoming week, AMBCrypto took a look at its daily chart. As per our analysis, BTC’s price might continue to move in a parallel channel between its ATH and $61k.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin (BTC) vs. Memecoins: Navigating the Bitcoin (BTC) (BTC) Investment LandscapeOne such memecoin that has garnered significant attention is Shiba Budz (BUDZ). Introduced as a playful spin-off of the Dogecoin phenomenon..
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin (BTC): BTC Breaks $70k As New BUDZ Cryptocurrency Joins Market RallyMilestones are not uncommon, but some are more significant than others. Recently, Bitcoin (BTC) achieved a remarkable feat by soaring...
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin’s ‘different’ halving – Why miners aren’t selling their usual BTCsBitcoin miners have reduced selling pressure ahead of halving and experts feel that this could be beneficial in the short term...
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin: ‘Quite confident’ whales with ‘most pull’ have this price predictionBitcoin [BTC] whale addresses holding between 100 and 100,000 coins have acquired a cumulative of 319,310 BTCs and that means...
Source: CryptoAmb - 🏆 22. / 68 Read more »

The $70,000 question: Why BlackRock merged Bitcoin with Wall StreetBlackrock's BTC ETF has expanded its holdings, now totaling 263,937.48 bitcoins valued at approximately $17.88 billion.
Source: CryptoAmb - 🏆 22. / 68 Read more »