100 days post-halving, Bitcoin supply reduction starts to impact prices historically. Will BTC see another significant surge following its latest halving?
July 29 marks the 100th day since Bitcoin's latest halving, a pivotal event that historically triggers significant price rallies. With mining rewards cut to 3.125 BTC, the crypto community anticipates another potential surge, analyzing trends from previous halvings.
Key Points:
Halving Impact and Historical Data:
Bitcoin's mining reward halving occurs every four years, reducing rewards by 50% to control BTC supply.
Historical data shows a notable price rally beginning around 100 days post-halving.
Fourth Halving and Current Statistics:
The latest halving on April 20 reduced rewards from 6.25 BTC to 3.125 BTC.
Past halvings in 2012, 2016, and 2020 led to multi-fold price increases, predominantly after the first 100 days.
ETC Group's Research Findings:
Research by ETC Group indicates a significant increase in Bitcoin's performance 100 days after halving.
The mean excess performance rises above 100%, peaking into four figures, with statistically significant T-values.
Market Sentiment and Predictions:
Experts suggest the market may start feeling the supply deficit impact now.
BTC's price rally tends to accelerate after the 100-day mark, historically reaching substantial highs.
As Bitcoin hits the crucial 100-day mark post-halving, historical trends suggest the potential for significant price increases. While past performance doesn't guarantee future results, market analysts and investors watch closely for signs of another bull run in the coming months.
Source: Coindesk
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