The next bitcoin halving is expected to occur in April 2024, when the number of blocks hits 740,000. It will see the block reward fall from 6.25 to 3.125 bitcoins. The exact date of the halving is not yet known as the time taken to generate new blocks varies, with the network averaging one block every ten minutes.
Historically, halving events have been followed by price increases for Bitcoin and Many analysts are predicting a significant price increase after the halving.
While past halvings have correlated with price increases, there's no guarantee the same will happen this time.
The overall crypto market sentiment, regulations, and economic conditions can all play a role, and remember that the U.S dollar index (DXY) is on his peak and may do another reversal !!
and if DXY go down the BTC increase !!!
and as mentioned in the chart , we should see this waves to make sure and confident about the fifth Elliott wave , and thanks for reading !
Historically, halving events have been followed by price increases for Bitcoin and Many analysts are predicting a significant price increase after the halving.
While past halvings have correlated with price increases, there's no guarantee the same will happen this time.
The overall crypto market sentiment, regulations, and economic conditions can all play a role, and remember that the U.S dollar index (DXY) is on his peak and may do another reversal !!
and if DXY go down the BTC increase !!!
and as mentioned in the chart , we should see this waves to make sure and confident about the fifth Elliott wave , and thanks for reading !