DecenTrader predicts the next BTC halving price behavior
The encrypted trading strategy tool DecenTrader has predicted the price behavior of the next BTC "halving", believing that before the market reacts to the upcoming halving of block subsidies, the Bitcoin price may experience about a month of sideways fluctuations. Filbfilb, CEO and co-founder of DecenTrader, said that it is expected that there will be a surge in purchases around two months before the halving date on April 18th. This will be another "sell-the-news event," similar to last month's market reaction to the launch of spot Bitcoin ETF, which could push BTC/USD up to its current two-year high of $49,000 and then see a sell-off following ETF trend.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Bitcoin spot ETF saw a net inflow of $741.79 million yesterday
Data: In the past 4 hours, a certain address received 99,675 SOL from FalconX, worth $22.3 million.
The US SEC is nearing the finish line in approving ETF share classes for mutual funds.
Trending news
MoreCrypto prices
More
