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Buy the rumor, sell the news. Halving event.

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by COINS NEWS 82 Views

“In general terms, the halving hype tends to last for about one year, followed by a major correction the year after. The first halving occurred on November 28, 2012, and by November 2013, Bitcoin experienced a significant decline, plummeting from $1,130 to $170 within the same year-a staggering 85% drop. The second halving in July 2016 exhibited a similar trajectory, with Bitcoin reaching $20,000 in November 2017 before crashing to $3,191 in the following months-an 84% decline. Most recently, the third halving in May 2020 propelled Bitcoin to an all-time high of $68,789 in November 2021, but it subsequently plunged to $15,600 by June 2022—a 77% correction.”

While I’m not expecting a huge downturn like the past with ETFs in place I still expect a 15-25% downturn. I’m thinking of selling my bag in a few months for a chance to rebuy and increase my holdings. Anyone else thinking of big plays in these two weeks.

I guess I’m saying how can we expect halving to be a crazy bump because of history but deny the crash that always follows at the same time.

submitted by /u/UnfairIntroduction11
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