Bitcoin

The highly anticipated Bitcoin halving event, which took place last Saturday, did not lead to the expected increase in the price of Bitcoin. Contrary to predictions of a price increase due to a supply squeeze, BTC dropped over 7% last week, according to data.
However, Nansen.ai Chief Research Analyst Aurelie Barthere suggests that the recent price correction is a reflection of the broader macroeconomic environment rather than a sell-off triggered by the halving event:
<blockquote>
 “The correction we are witnessing is macro driven and is also seen in US technology stocks. “This is a combination of a repricing in US interest rates and the beginning of technology gains that are disappointing investors' expectations.”
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Related News: <a href="https://en.bitcoinsistemi.com/ai-was-trained-on-on-chain-data-from-the-last-12-years-then-predicted-the-bitcoin-price-30-days-from-now-heres-the-result/" target="_blank" rel="noopener noreferrer nofollow">AI Was Trained on On-Chain Data from the Last 12 Years, Then Predicted the Bitcoin Price 30 Days from Now - Here's the Result</a>
Interestingly, Barthere highlighted that historically the 250-day period following each halving event has been the strongest period for Bitcoin returns. This 250-day period was evaluated compared to the 115-day period before the halving and the non-halving years. As a result, the analyst claims that there is hope for a bull in Bitcoin after the halving period.
BTC price is trading at $63,484 at the time of writing this article.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/why-didnt-bitcoin-price-go-up-despite-halving-whats-suppressing-the-price-analyst-explained/" rel="noopener noreferrer nofollow">Why Didn’t Bitcoin Price Go Up Despite Halving? What’s Suppressing the Price? Analyst Explained</a>

Why Didn’t Bitcoin Price Go Up Despite Halving? What’s Suppressing the Price? Analyst Explained

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