{"id":554707,"date":"2023-10-09T22:00:46","date_gmt":"2023-10-09T22:00:46","guid":{"rendered":"https:\/\/uniquehot.com\/?p=554707"},"modified":"2024-06-11T08:07:45","modified_gmt":"2024-06-11T08:07:45","slug":"bitcoin-halving-is-200-days-away-this-happens-every-time-is-it-time-to-doubledown","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-halving-is-200-days-away-this-happens-every-time-is-it-time-to-doubledown\/","title":{"rendered":"Bitcoin Halving Is 200 Days Away, This Happens Every Time: Is It Time To Doubledown?"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Bitcoin is 200 days before halving, a supply shock that historical patterns show that prices tend to rally, even clearing previous all-time highs once it happens. In a price chart <a href=\"https:\/\/twitter.com\/thescalpingpro\/status\/66988300\" target=\"_blank\" rel=\"noopener nofollow\">shared<\/a> by the &#8220;<\/span><span data-preserver-spaces=\"true\">thescalpingpro<\/span><span data-preserver-spaces=\"true\">&#8221; on X on October 9, the analyst appears to suggest that the world&#8217;s most valuable coin is in the early stages of not only breaking above 2021 highs but registering new highs after the network halves in 2024.<\/span><\/p>\n<figure id=\"attachment_554709\" aria-describedby=\"caption-attachment-554709\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-554709\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/F7-3JYqbkAAmX4U.jpeg?resize=1024%2C578\" alt=\"Bitcoin cycles after halving| Source:: thescalpingpro on X \" width=\"1024\" height=\"578\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/F7-3JYqbkAAmX4U.jpeg?w=1341 1341w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/F7-3JYqbkAAmX4U.jpeg?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/F7-3JYqbkAAmX4U.jpeg?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/F7-3JYqbkAAmX4U.jpeg?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/F7-3JYqbkAAmX4U.jpeg?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/F7-3JYqbkAAmX4U.jpeg?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-554709\" class=\"wp-caption-text\">Bitcoin cycles after halving| Source:: thescalpingpro on X<\/figcaption><\/figure>\n<h2><span data-preserver-spaces=\"true\">Early Signs Of Bull Rally: 200 Days Before Halving<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Thus far, the trader notes that Bitcoin is down 60% from previous all-time highs in 2021. This formation, the analyst says, appears to replicate the same pattern before Bitcoin halved in 2019. Then, just like it is presently, the coin fell 60% from 2017 highs of around $20,000.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/bone\/shiba-inu-based-bone-rally\/\" target=\"_blank\" rel=\"noopener \">Shiba Inu-Based BONE Gearing Up For Massive Rally, Here\u2019s Why<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">As historical pattern shows, Bitcoin prices tend to bounce back strongly after posting sharp losses from previous highs. These upswings are often accelerated by the halving event momentum, pushing prices further away from cyclical lows.\u00a0<\/span><\/p>\n<figure style=\"width: 1233px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.tradingview.com\/x\/5J9HFabS\/\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/5J9HFabS\/\" alt=\"Bitcoin price on October 9| Source: BTCUSDT on Binance, TradingView\" width=\"1233\" height=\"592\"><\/a><figcaption class=\"wp-caption-text\">Bitcoin price on October 9| Source: <a href=\"https:\/\/www.tradingview.com\/x\/5J9HFabS\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Every four years, Bitcoin halving occurs, where the reward for mining a Bitcoin block is reduced by half. This feature is built into the protocol to slow the issuance of new Bitcoin. Due to the decrease in the number of coins released to circulation during halving, inflation is reduced, which supports prices, as previous price action has shown.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Although the impact of halving has been well studied, the sequence of events preceding this event appears to be stirring demand. As aforementioned, 200 days before the 2016 and 2019 halvings, Bitcoin fell roughly 60% from all-time highs. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The asset&#8217;s prices are at a similar price point precisely 200 days before halving. For this &#8220;near-perfect&#8221; replication of events, &#8220;thescalpingpro&#8221; is bullish that the coin might follow a familiar pattern of past cycles.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Bitcoin Race To $48,000 Before Halving?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The spike to all-time highs and beyond, as previewed, is a scenario that could happen once the halving happens. Before then, however, another analyst is convinced the coin could rally to $48,000.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/crypto\/crypto-exchange-hackers-159000\/\" target=\"_blank\" rel=\"noopener \">Time For Self-Custody? Crypto Exchange Reveals Hackers Tried To Gain Access 159,000 Times<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">The analysis is\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/twitter.com\/StockmoneyL\/status\/00838970\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">based<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0on crucial support and resistance levels formed by the Fibonacci retracement levels. The analyst is convinced that the coin will retest the 61.8% of the swing high low of the recent 2021 to 2022 range, placing Bitcoin at $48,000 once it recovers.\u00a0<\/span><\/p>\n<figure id=\"attachment_554708\" aria-describedby=\"caption-attachment-554708\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-554708\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/F7H_tdVXIAAbiF8.png?resize=1024%2C1195\" alt=\"BTC can retest $48,000 before halving: Source: Stockmoney Lizard on X\" width=\"1024\" height=\"1195\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/F7H_tdVXIAAbiF8.png?w=1062 1062w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/F7H_tdVXIAAbiF8.png?w=394 394w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/F7H_tdVXIAAbiF8.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/F7H_tdVXIAAbiF8.png?w=737 737w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/F7H_tdVXIAAbiF8.png?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-554708\" class=\"wp-caption-text\">BTC can retest $48,000 before halving: Source: Stockmoney Lizard on X<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">The race to this level will be further driven by &#8220;halving momentum&#8221; and the &#8220;bear-to-bull transition from various indicators,&#8221; including the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and the on-balance volume of major exchanges, which appear oversold.\u00a0<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Feature image from Canva, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is 200 days before halving, a supply shock that historical patterns show that prices tend to rally, even clearing previous all-time highs once it happens. In a price chart shared by the &#8220;thescalpingpro&#8221; on X on October 9, the analyst appears to suggest that the world&#8217;s most valuable coin is in the early stages of not only breaking above 2021 highs but registering new highs after the network halves in 2024. Early Signs Of Bull Rally: 200 Days Before Halving Thus far, the trader notes that Bitcoin is down 60% from previous all-time highs in 2021. This formation, the analyst says, appears to replicate the same pattern before Bitcoin halved in 2019. Then, just like it is presently, the coin fell 60% from 2017 highs of around $20,000. Related Reading: Shiba Inu-Based BONE Gearing Up For Massive Rally, Here\u2019s Why As historical pattern shows, Bitcoin prices tend to bounce back strongly after posting sharp losses from previous highs. These upswings are often accelerated by the halving event momentum, pushing prices further away from cyclical lows.\u00a0 Every four years, Bitcoin halving occurs, where the reward for mining a Bitcoin block is reduced by half. This feature is built into the protocol to slow the issuance of new Bitcoin. Due to the decrease in the number of coins released to circulation during halving, inflation is reduced, which supports prices, as previous price action has shown. Although the impact of halving has been well studied, the sequence of events preceding this event appears to be stirring demand. As aforementioned, 200 days before the 2016 and 2019 halvings, Bitcoin fell roughly 60% from all-time highs. The asset&#8217;s prices are at a similar price point precisely 200 days before halving. For this &#8220;near-perfect&#8221; replication of events, &#8220;thescalpingpro&#8221; is bullish that the coin might follow a familiar pattern of past cycles. Bitcoin Race To $48,000 Before Halving? The spike to all-time highs and beyond, as previewed, is a scenario that could happen once the halving happens. Before then, however, another analyst is convinced the coin could rally to $48,000.\u00a0 Related Reading: Time For Self-Custody? Crypto Exchange Reveals Hackers Tried To Gain Access 159,000 Times The analysis is\u00a0based\u00a0on crucial support and resistance levels formed by the Fibonacci retracement levels. The analyst is convinced that the coin will retest the 61.8% of the swing high low of the recent 2021 to 2022 range, placing Bitcoin at $48,000 once it recovers.\u00a0 The race to this level will be further driven by &#8220;halving momentum&#8221; and the &#8220;bear-to-bull transition from various indicators,&#8221; including the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and the on-balance volume of major exchanges, which appear oversold.\u00a0 Feature image from Canva, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":552657,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,8856,679,680,1119,1122,78790],"class_list":["post-554707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-halving","tag-bitcoin-price","tag-bitcoin-price-analysis","tag-btc","tag-btc-price","tag-btcusdt"],"acf":[],"yoast_head":"\n<title>Bitcoin Halving Is 200 Days Away, This Happens Every Time: Is It Time To Doubledown?<\/title>\n<meta name=\"description\" content=\"Bitcoin halving is 200 days away but there are signs of BTC bulls positioning themselves for a strong leg up in 2024\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. 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