{"id":569806,"date":"2024-01-16T18:00:54","date_gmt":"2024-01-16T18:00:54","guid":{"rendered":"https:\/\/wncen.com\/?p=569806"},"modified":"2024-06-11T07:27:29","modified_gmt":"2024-06-11T07:27:29","slug":"anticipation-peaks-as-bitcoin-halving-countdown-drops-below-100-days-will-prices-skyrocket","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/anticipation-peaks-as-bitcoin-halving-countdown-drops-below-100-days-will-prices-skyrocket\/","title":{"rendered":"Anticipation Peaks As Bitcoin Halving Countdown Drops Below 100 Days: Will Prices Skyrocket?"},"content":{"rendered":"

With the Bitcoin halving event drawing near, Data from crypto industry research and analytics platform, CryptoRank.io, has recently revealed<\/a> that a significant majority of its users \u2013 79% \u2013 are bullish about the upcoming halving<\/a>, while 21% have bearish skepticism.<\/p>\n

This sentiment echoes the historical trend where previous halvings have catalyzed bullish rallies in Bitcoin\u2019s price.<\/p>\n

Related Reading: The Bitcoin Climax: Analyst Flags Market Peak Amid Spot ETF Hype Cooling Off<\/a><\/div>\n

Bitcoin Halving Countdown And Price Trajectory<\/h2>\n

The Bitcoin halving, less than 100 days away, is a pivotal event in the crypto world. This process happens approximately every four years, and the reward for mining Bitcoin blocks will be halved.<\/p>\n

This reduction in supply has historically led to price increases, with the previous halving in 2020 resulting in a 401.1% rise in Bitcoin’s price, according to CryptoRank.io. The anticipation of a similar price boom is palpable as the crypto community closely watches the countdown to this significant event.<\/p>\n

\n

Less Than 100 Days Left Until Bitcoin Halving \ud83d\uddd3<\/p>\n

In just 14,117 blocks, #Bitcoin<\/a> will reach the next milestone: the block reward will be cut by 50%. This event could be another catalyst for $BTC<\/a> price growth.<\/p>\n

Almost 79% of CryptoRank users are bullish on #BTC<\/a> halving! What do\u2026 pic.twitter.com\/R9442lfDEF<\/a><\/p>\n

\u2014 CryptoRank.io (@CryptoRank_io) January 15, 2024<\/a><\/p><\/blockquote>\n

Despite the optimistic sentiment towards the halving, Bitcoin’s recent price action tells a different story. Following the initial excitement<\/a> around the launch of spot Bitcoin ETFs, Bitcoin has been experiencing bearish price action.<\/p>\n

In the past week alone, the cryptocurrency has seen a nearly 10% decline, eroding its gains after spot ETF approvals<\/a>. This price behavior suggests a cooling off of the spot ETF hype<\/a> and a period of consolidation in the absence of significant news or developments.<\/p>\n

However, Bitcoin is currently hovering above the $43,000 mark, showing a minor recovery in the last 24 hours with a 1.8% increase.<\/p>\n

\"Bitcoin
BTC price is moving sideways on the 4-hour chart. Source: BTC\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

BTC Price Prediction<\/h2>\n

This current price movement has not dampened the long-term bullish outlook of many analysts. Figures like Ash Crypto, a notable voice in the crypto trading community, advise a long-term perspective.<\/p>\n

Ash Crypto\u2019s has recently shared an analysis drawing parallels between Bitcoin and gold, suggesting that if Bitcoin emulates gold\u2019s post-ETF market cap surge, it could potentially reach or even surpass half of gold\u2019s market cap. Such a scenario could propel Bitcoin’s price to an estimated $500,000 in the coming years<\/a>.<\/p>\n

Moreover, Ash Crypto highlights Bitcoin\u2019s potential impact on traditional financial markets, pointing out the immense global stock and bond market caps.<\/p>\n

Related Reading: How Spot Bitcoin ETFs Could Catapult BTC Price To $500,000, According To This Crypto Trader<\/a><\/div>\n

As BTC continues to gain legitimacy as a financial asset, it could capture a substantial share of these traditional market caps. This shift aligns with a new generation of investors who view Bitcoin as a novel investment opportunity.<\/p>\n

\n

Bitcoin is going to $500k after the
\nSpot ETF is approval. Here is the
\nevidence –<\/p>\n

When Gold ETF was approved, it\u2019s
\nmcap was around $2 Trillion. After
\nETF gold saw huge inflows of liquidity
\nand reached $16 Trillion in few years.
\n( Don\u2019t forget gold supply is not fixed,
\nwe\u2026 pic.twitter.com\/uE6XKkHWtU<\/a><\/p>\n

\u2014 Ash Crypto (@Ashcryptoreal) January 14, 2024<\/a><\/p><\/blockquote>\n

Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

With the Bitcoin halving event drawing near, Data from crypto industry research and analytics platform, CryptoRank.io, has recently revealed that a significant majority of its users \u2013 79% \u2013 are bullish about the upcoming halving, while 21% have bearish skepticism. This sentiment echoes the historical trend where previous halvings have catalyzed bullish rallies in Bitcoin\u2019s price. Related Reading: The Bitcoin Climax: Analyst Flags Market Peak Amid Spot ETF Hype Cooling Off Bitcoin Halving Countdown And Price Trajectory The Bitcoin halving, less than 100 days away, is a pivotal event in the crypto world. This process happens approximately every four years, and the reward for mining Bitcoin blocks will be halved. This reduction in supply has historically led to price increases, with the previous halving in 2020 resulting in a 401.1% rise in Bitcoin’s price, according to CryptoRank.io. The anticipation of a similar price boom is palpable as the crypto community closely watches the countdown to this significant event. Less Than 100 Days Left Until Bitcoin Halving \ud83d\uddd3 In just 14,117 blocks, #Bitcoin will reach the next milestone: the block reward will be cut by 50%. This event could be another catalyst for $BTC price growth. Almost 79% of CryptoRank users are bullish on #BTC halving! What do\u2026 pic.twitter.com\/R9442lfDEF \u2014 CryptoRank.io (@CryptoRank_io) January 15, 2024 Despite the optimistic sentiment towards the halving, Bitcoin’s recent price action tells a different story. Following the initial excitement around the launch of spot Bitcoin ETFs, Bitcoin has been experiencing bearish price action. In the past week alone, the cryptocurrency has seen a nearly 10% decline, eroding its gains after spot ETF approvals. This price behavior suggests a cooling off of the spot ETF hype and a period of consolidation in the absence of significant news or developments. However, Bitcoin is currently hovering above the $43,000 mark, showing a minor recovery in the last 24 hours with a 1.8% increase. BTC Price Prediction This current price movement has not dampened the long-term bullish outlook of many analysts. Figures like Ash Crypto, a notable voice in the crypto trading community, advise a long-term perspective. Ash Crypto\u2019s has recently shared an analysis drawing parallels between Bitcoin and gold, suggesting that if Bitcoin emulates gold\u2019s post-ETF market cap surge, it could potentially reach or even surpass half of gold\u2019s market cap. Such a scenario could propel Bitcoin’s price to an estimated $500,000 in the coming years. Moreover, Ash Crypto highlights Bitcoin\u2019s potential impact on traditional financial markets, pointing out the immense global stock and bond market caps. Related Reading: How Spot Bitcoin ETFs Could Catapult BTC Price To $500,000, According To This Crypto Trader As BTC continues to gain legitimacy as a financial asset, it could capture a substantial share of these traditional market caps. This shift aligns with a new generation of investors who view Bitcoin as a novel investment opportunity. Bitcoin is going to $500k after the Spot ETF is approval. Here is the evidence – When Gold ETF was approved, it\u2019s mcap was around $2 Trillion. After ETF gold saw huge inflows of liquidity and reached $16 Trillion in few years. ( Don\u2019t forget gold supply is not fixed, we\u2026 pic.twitter.com\/uE6XKkHWtU \u2014 Ash Crypto (@Ashcryptoreal) January 14, 2024 Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":521312,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,8856,678,1119,78790,6664],"class_list":["post-569806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-halving","tag-bitcoin-prediction","tag-btc","tag-btcusdt","tag-crypto"],"acf":[],"yoast_head":"\nAnticipation Peaks As Bitcoin Halving Countdown Drops Below 100 Days: Will Prices Skyrocket?<\/title>\n<meta name=\"description\" content=\"With the Bitcoin halving event drawing near, the crypto community is abuzz with speculation and optimism. 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These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Anticipation Peaks As Bitcoin Halving Countdown Drops Below 100 Days: Will Prices Skyrocket?","url":"http:\/\/wncen.com\/news\/anticipation-peaks-as-bitcoin-halving-countdown-drops-below-100-days-will-prices-skyrocket\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/anticipation-peaks-as-bitcoin-halving-countdown-drops-below-100-days-will-prices-skyrocket\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Bitcoin.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Bitcoin.jpeg?fit=1140%2C815"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin halving","bitcoin prediction","btc","btcusdt","crypto"],"dateCreated":"2024-01-16T18:00:54Z","datePublished":"2024-01-16T18:00:54Z","dateModified":"2024-06-11T07:27:29Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Anticipation Peaks As Bitcoin Halving Countdown Drops Below 100 Days: Will Prices Skyrocket?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/anticipation-peaks-as-bitcoin-halving-countdown-drops-below-100-days-will-prices-skyrocket\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/anticipation-peaks-as-bitcoin-halving-countdown-drops-below-100-days-will-prices-skyrocket\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/Bitcoin.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/Bitcoin.jpeg?fit=1140%2C815\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin halving\",\"bitcoin prediction\",\"btc\",\"btcusdt\",\"crypto\"],\"dateCreated\":\"2024-01-16T18:00:54Z\",\"datePublished\":\"2024-01-16T18:00:54Z\",\"dateModified\":\"2024-06-11T07:27:29Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/Bitcoin.jpeg?fit=1140%2C815","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/569806"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=569806"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/569806\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/521312"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=569806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=569806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=569806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}