🪙 How will Bitcoin halving affect the BTC value and the whole cryptomarket? 🧵
Bitcoin follows a Proof-of-Work model and rewards the miners (with BTC) for mining its blocks. Bitcoin halves the block reward in every 210,000 blocks, and...
... as solving each block takes 10 minutes, BTC halving occurs almost every four years.
Why is Bitcoin Halving important? 1. Bitcoin is the most crucial cryptocurrency, and every update of it will somehow affect the market. 2. Data from the previous BTC halving indicate...
... that halvings result in significant price increases.
Take the BTC halving in 2020 as an example. Before 2020’s Bitcoin halving, each BTC was traded at 8,500, but in a short time after the halving, it surpassed 27,000.
However, not everybody agrees with this analysis.
Opposing crypto experts claim to have found a pattern showing that, in most cases, the increase in the Bitcoin Binary CDD metric would be followed by a market crash. And currently, this metric is registering rises in prices!
Another point indicating...
... a bearish signal is Bitcoin's total exchange outflow, which has experienced dramatic decreases in recent weeks.
Let's check the chart of all Bitcoin halvings below.
To learn the details of BTC halving, check 👇
this twitter thread.