Last buying opportunity for BTC and altcoins…
Bitcoin’s halving, which represented a significant loss for the crypto market, ended on Friday, April 19. Here you will have to pay $ 2.6 million per day. Following the event, a bull run is expected to occur in cryptocurrency around both the leading digital asset, Bitcoin, and altcoins. While the recovery of the market is predicted by comparing historical data and taking into account past market cycles, analysts say that this process is the last bottom buying opportunity for altcoins.
Bitcoin halving in the light of historical data
2012- 2016 and 2020 are now available in the form of Bitcoin exchanges. Following the halving of most cryptocurrencies in 2020, the BTC price rebounded and closed the year with a price drop of over 300 percent. In 2016, its price was $580 in 1-year BTC, $590 in cash and $1000 in cash. You will be able to buy BTC to get your money back in 2024.
In the current BTC price view
After the halving, the Bitcoin price rose above $64 am, and subsequent transaction rates dropped again to above $63.25 am. You will have to pay $63.85 for yours and $60 for yours.
BTC 7-day price chart
Last savings chance after the halving
Analysts such as Rekt Capital, who expect a bull run after the BTC halving, emphasized that it is the last buying opportunity for altcoins. In its latest posts, Rekt Capital reminded the general cycles and declared a new accumulation period after the halving. He said this phase will present an opportunity to buy once BTC has gone through its parabolic expansion. If you have anything to do with it, you don’t need to pay for consolidation.
The analyst explained that a similar picture was experienced in altcoin prices and that a similar map was followed as in the awards. As BTC rises, altcoins may also rise Rect CapitalHe expects a new portfolio in altcoins at the beginning of summer.
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The information in the article is for informational purposes only. It does not constitute any investment advice. Neither your author nor cryptoparahaber.com is responsible for any profit or loss you derive from your investments. Ultimately, investment is based on a strong foundation such as knowledge, experience, research and personal decisions.
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