đ Explaining halving for beginners đ
âïž Halving simply means reducing the supply. For instance, if 100 BTC are mined daily, after halving, only 50 BTC will be mined, boosting demand and potentially increasing the price.
âïž Unlike previous cycles, BTC broke its all-time high before halving this time, indicating a highly bullish market sentiment.
âïž Historically, BTC has never fallen below its halving price after halving events.
âïž The current correction phase in the market is seen as beneficial, as it provides fuel for future growth, potentially leading to significant price increases.
âïž This year's bull market is anticipated to be one of the most significant in history.
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