📉 Post-Halving Bitcoin Insights for AKA Blockchain Investors
Why Patience Will Make You More Money
Why Patience Will Make You More Money – Post-Halving Bitcoin Insights for AKA Blockchain Investors
Hello everyone, and welcome back to another exclusive investor update from AKA Blockchains. As we reflect on the market, it's crucial to address where Bitcoin stands mid-2024 and what this means for you.
From January to March 2024, Bitcoin experienced a significant climb, rising from approximately $40,000 to an impressive peak of $74,000. This upward momentum was met with the highly anticipated halving event, which took place between April and May. Since the halving, Bitcoin’s price has been fluctuating within a range of $53,000 to $72,000. This sideways trading is likely to persist until mid-September or October, reflecting patterns observed during previous halvings. Historically, the market required 3 to 6 months of consolidation after the halving before resuming an upward trajectory.
As of writing this on July 18th, Bitcoin is currently priced around $64,000. The market recently dipped b…
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