Technical analysis by googooboyy about Symbol BTC: Buy recommendation (4/15/2024)

The halving is a process in cryptocurrencies like Bitcoin where the reward for mining new blocks is cut in half approximately every four years. This reduction in mining rewards helps control the supply of the cryptocurrency, leading to a decrease in the rate at which new coins are created. As a result, halving events typically lead to increased scarcity and can potentially impact the price of the cryptocurrency, often driving it higher due to decreased supply and increased demand. In the near short term, anything can happen. This post looks at the past effects of the Halving and any potential case that is affecting the event this time round.