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📢 Attention crypto-investors! According to Steno Research, the next Bitcoin halving event in 2024 could be a "buy the rumor, sell the news" moment. 📉
Halvings have historically reduced miners' rewards, from 50 BTC in 2012 to 6.25 BTC in 2020. Steno predicts a similar trend to 2016, with selling pressure increasing up to four months later.
An increase in BTC's value is expected before the halving, but it could "fall below its price at the time of the halving" within 90 days of the event.
Steno analysts have identified parallels between BTC price performance before and after the 2016 halving, indicating that similar results can be expected at the next event.
According to data from CryptoQuant, the daily rewards of Bitcoin mining are at an all-time high, implying that even though the number of BTC issued will be the lowest yet, the value of this issuance will be high in dollars.
What do you think? Are you ready for Bitcoin's next halving? Share your thoughts in the comments! 💬
Note: This news flash does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research before making a decision
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