7 AI Chatbots Predict Bitcoin's Price Post-Halving; See $80K-$100K by Year-End – Markets and Prices Bitcoin News
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What Is Bitcoin Halving: When Is It and Do I Buy Bitcoin Before or After Halving?
Bitcoin halving is a significant event that occurs roughly every four years, marking a gradual slowdown in the Bitcoin production rate; this is done to maintain a maximum limit of 21 million Bitcoin tokens. Around 19 million Bitcoin tokens are circulating, with the limit expected to be exhausted by 2140.The halving event plays a vital role in the Bitcoin market, often leading to a rally before the event. This year, prices were boosted by the U.S. Securities and Exchange Commission's decision to...
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Bitcoin Halving: Goldman Sachs Downplays Impact of 'Buy the Rumor, Sell the News' – Markets and Prices Bitcoin News
Goldman Sachs analysts believe that whether the upcoming Bitcoin halving will turn out to be a “buy the rumor, sell the news” event may have less impact on bitcoin’s medium-term outlook. They explained that the bitcoin price performance will likely continue to be driven by the supply-demand dynamic and continued demand for spot bitcoin exchange-traded […]
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Bitwise: Bitcoin Halving Is a 'Sell the News' Event, Market Underestimates Long-Term Impact – Markets and Prices Bitcoin News
Asset management firm Bitwise has cautioned that data suggests the upcoming Bitcoin halving is a “sell the news” event. However, the firm explained that the market likely “prices in the short-term impact of the halving but underestimates the long-term impact,” emphasizing that the data “also suggests that, long-term, the halving may be conducive to price […]