➡️ 5 COINS TO $5 MILLION: Teeka Tiwari REPLAY:
With the infamous Bitcoin Halving now less than 8 days away, BTC is approaching the most eagerly anticipated moment in its history, and markets are feeding the excitement after weeks of gains.
Bitcoin is just days away from a historic crossroads this week — what will the coming days have in store for traders and hodlers?
Let’s take a look at the major factors influencing the Cryptocurrency market just over a week before Bitcoin’s third block reward halving.
This immediate 50% drop in supply should have considerable knock-on effects for demand, especially taken against the historical precedent of the previous two halvings.
The impact is neatly summarized by Bitcoin’s stock-to-flow price model, which suggests that major price movements should come 1-2 years after the halving.
Bitcoin continues to exhibit some copycat price behavior which tracks movements on major stock markets.