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Bitcoin’s post-halving price action is mirroring that seen in 2016; What this means for BTC Bitcoin’s post-halving price action is mirroring that seen in 2016; What this means for BTC

Bitcoin’s post-halving price action is mirroring that seen in 2016; What this means for BTC

with insights from Messari

Bitcoin’s recent mining rewards halving event was long looked upon as a catalyst for the cryptocurrency to see further strength – from both a fundamental and technical perspective.

Bitcoin’s post-halving price action is mirroring that seen in 2016; What this means for BTC

Cover art/illustration via CryptoSlate

Bitcoin’s recent mining rewards halving event was long looked upon as a catalyst for the cryptocurrency to see further strength – from both a fundamental and technical perspective.

In the months following this event taking place, however, Bitcoin’s price has stagnated, with bulls and bears both reaching an impasse as it trades sideways between $9,000 and $10,000.

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