The post Bitcoin Price Analysis: What’s Behind the Disappointing Post-Halving Performance? appeared first on Coinpedia Fintech News
There is an assumption that the latest Bitcoin Halving has not influenced the price of Bitcoin in comparison with the previous Halving. Is there any rationale behind such an assumption? To verify that, let’s go through a comparative analysis published by Halving Tracker in X.
Post-Halving Bitcoin Price Momentum: A Comparative Analysis
Bitcoin halving, which controls the supply of new Bitcoin entering the market, is an important event that takes place approximately every four years. So far, the Bitcoin market has witnessed four such halving events. The first was on 28th November 2012; the second on 9th July 2016; the third on 11th May 2020; and the fourth and the latest on 19th April 2024.
Today, nearly 136 days have passed since the latest halving. At present, the price of Bitcoin stands at around $59,025.63. On 19th April 2024,
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