JPMorgan anticipates Bitcoin's rally before the halving, noting its current surge and limited upside potential. They highlight the flow of Bitcoin and upcoming catalysts while expressing concerns about Tether and potential regulatory oversight.
Huang BoBitcoin, despite facing a pullback, showcases resilience in its price action. The trader's analysis indicates a departure from bearish sentiments, with a potential shift towards a bullish outlook. Bitcoin's consolidation within a strong uptrend and the absence of significant selling pressure contribute to a cautiously optimistic market sentiment. However, future developments, particularly breaking the $44,000 resistance, will play a crucial role in determining the cryptocurrency's trajectory.
Cheng YuanThe event will double the bitcoin production cost to around $40,000, creating a positive psychological effect, the report said.
CoindeskBitcoin has gone through a halving event three times in its history – in November 2012, July 2016, and May 2020.
FinboldThe last Bitcoin halving took place on May 11, 2020, and the next bitcoin halving will likely occur in 2024.
CoindeskBitcoin’s hashrate is reaching all-time highs, and it’s causing confusion about “the halvening” on Twitter.
CoindeskHash rate on the bitcoin network has hit a new all-time high of 281.79 million TH/s, and its next halving dates is projected to be as early as Q4 2023.
BeincryptoInstitutional traders have locked up $56 billion in bitcoin investment products after inflows totaled $97.5 million last week.
CointelegraphBitcoin price topped $43,000 as bulls look to push the price to $45,000, while some analysts warn that bearish signals could lead to a pullback.
CointelegraphThe Bitcoin hash rate hit another all-time high and the 105,000th block since the last halving was mined, marking the halfway to the next halving.
Cointelegraph