This chart shows the historical price of BTC relative to the 'Bitcoin halving' which happens every 4 years. The halving event creates a supply shock as the issuance of Bitcoin to minders is cut in half. The next halving is scheduled around April, 2024 where BTC issuance will be cut from 6.25 BTC every 10 minutes to 3.125 BTC. Reference the law of supply and...
This is a comprehensive overview of Bitcoin behaviour prior & after it's first 2 halving phases.
Currently it's has formed a Triangle / Pennant pattern & seen to have taken support over its weekly 200 moving average .
Let's see what's in store for it.
