Price breakthrough and sentiment change Bitcoin price is at $70,000, triggering a subtle shift in market sentiment. The upcoming halving event predicts whether the upcoming Bitcoin halving will repeat the historical market or bring new market trends.
The bulls and bears in the long-short game market are in a fierce battle.
Impact of the fourth halving The fourth halving in April 2024 is expected to reduce the annual selling pressure of Bitcoin by $10 billion, easing the selling pressure in the market.
Market performance after historical halvings Historical data shows that Bitcoin has risen sharply after three halvings, indicating that it may continue to rise after the fourth halving.
Spot ETF funds flow into Bitcoin After the approval of the spot ETF, the inflow of tens of billions of dollars has driven the price of Bitcoin to continue to rise. Bitcoin native innovation The Ordinals protocol on the Bitcoin blockchain has opened up a new way of playing, and it is expected to trigger a new wave of enthusiasm when the halving occurs.
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