TL; DR
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The halving is not like a light switch that turns the bull run on/off, it is more of a milestone. We know that prices tend to increase after the halving, but we don’t know exactly when.
Full story
The Bitcoin Halving took place on Friday, halving the daily flow of new Bitcoin entering the market!
Making Bitcoin scarcer than ever before, signaling the start of a new bull cycle!
And and…
And after that, nothing really happened to Bitcoin’s price… in fact, it continued to hover around $65,000 all weekend.
So what’s going on there?
Well, the halving isn’t like a light switch that turns the bull run on/off; it’s more of a milestone. We know that prices tend to rise in the months following the halving, but we don’t know exactly when. It’s only ‘some time’ after the halving.
(Normally between 1 and 6 months).
The good news?
So far, prices have not collapsed, something that tends to follow past halvings.
(It’s usually a “buy the rumor, sell the news” kind of event).
I think we should hurry up and wait 🧘