Hello Binancians, I can provide you with an overview of how the Bitcoin price has performed over the past year, especially in relation to the candlestick pattern after the halving event.
#HALVİNG is an event that occurs approximately every four years and halves the reward miners receive for adding a new block to the
#blockchain #Bitcoin This event has a significant impact on the supply of Bitcoin and has historically been followed by an increase in the price of Bitcoin due to reduced inflation and the perception of greater scarcity.
In the last year, after the 2024 halving, a pattern of (a brief decline) followed by a (solid recovery) was observed. This pattern is not new and has been evident after previous halvings. For example, after the 2020 halving, there was an initial drop in price, but then a significant rally occurred that took Bitcoin to new highs in early 2021.
Looking at the 2024 halving, experts like Samson Mow and Anthony Pompliano anticipated a significant shift in the market, predicting a supply shock and sustained bullish momentum. However, it is important to note that the exact impact of the halving on the price of
$BTC may be influenced by a variety of factors, including market sentiment, investor behavior, and global economic conditions.
In summary, Bitcoin's trajectory in the last year after the halving has shown a tendency to recover after an initial drop, suggesting a pattern of behavior that investors have observed in previous halving events. Although the future cannot be predicted with certainty, historical patterns can offer a guide to market expectations.
To conclude, I can infer that the price of
#BTC🔥🔥🔥🔥🔥🔥 could make a correction until it reaches the level ~42.522.3~ for the month of October how is it reflected in the image I made for you