I Don’t Think Bitcoin’s Halving Should Be Treated Like a Countdown to a Rally ❗ Every four years, the same narrative appears around $BTC : issuance gets cut in half, supply becomes scarcer, and therefore price should go up. The first two parts are mechanical. The third is where things get much more complicated. The halving reduces the flow of newly mined Bitcoin, but miners are only one source of potential selling. Long-term holders, ETFs, exchanges, funds and traders collectively move much larger pools of existing BTC. At the same time, reducing miner revenue can change miner behaviour, particularly for operators with higher electricity costs or less efficient hardware. I still think the halving matters, just not as a switch that suddenly creates a bull market. Its effect is better understood as a persistent change to Bitcoin's new supply that interacts with whatever demand happens to exist afterward. If demand is weak, scarcity doesn't magically manufacture buyers. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#