Bitcoin’s current price action is “hardly a surprise” given the extraordinary bullish action leading up to the fourth halving.) price has sharply declined over the past few days, which might have triggered some concerns from those who thought Bitcoin would surge after its fourth halving.
At the time of writing, Bitcoin is trading at $57,362, down around 7% over the past 24 hours and more than 17% over the past 30 days.The sharp decline of the Bitcoin price post-halving might have surprised someone who expected BTC to start rising in the aftermath of halving in line with some of the previous halving-linked cycles., usually coming in about a year or more. For example, Bitcoin skyrocketed about 3,000% in 17 months after halving in 2016,in terms of Bitcoin halving characteristics.
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