Half Bitcoin is no longer raised by price trends

Bitcoin (BTC) went through three previous sessions for the price of half with a relatively clear price pattern. The supply decreased, the demand rose, and the price of bitcoin increased after that. However, in the fourth half cycle, there is a deviation.

The data indicates that the Bitcoin growth path no longer follows the historical range determined by previous sessions. Many industry experts believe that Bitcoin entered a completely different stage compared to what it was before.

What is different from the fourth half of Bitcoin?

Notes from Environmental measurements Show that the Bitcoin growth rate in this course is much lower than it was at the previous rates. This indicates that Half event He no longer plays a major role in leading bitcoin, as happened before.

If Bitcoin will grow similar to previous sessions, the price may range between 140,000 dollars to $ 4,500,000, starting from $ 63,000. However, Bitcoin is currently trading about $ 80,000.

“At this stage of the course, the minimum historical range should be about $ 250,000.” Environmental measurements Stuck.

Another decisive factor is that the demand for bitcoin has decreased to its lowest level in more than a year, according to Cryptoquant data. The apparent Bitcoin request compares the new offer to the inactive offer that has been held for more than a year, highlighting the real demand.

This means that although the half event reduces the offer, the price of Bitcoin may struggle for the gathering Without new capital flows Or the strong investor interest.

Besides Bitcoin request is clearKi Jong Go, founder of Cryptoquant, as well analysis Periodic signals Bitcoin PNL index. This scale applies a 365 -day moving average to the key data on the chain like MVRV, SOPR and NUPL. It indicates “buy” or “sell” at the main turning points in a large cycle instead of short -term fluctuations.

Based on these data, Ki Young JU expect that Bitcoin’s Taurus cycle I finish.

“The Bitcoin Bull course has ended, where you expect 6-12 months of declining or side work,” Ki Young Ju Propagate.

Charles Edwards, founder of Capriole Investments, pointed to another major difference in this Bitcoin course. Unlike the previous policy, which has benefited from expansionist monetary policies by central banks, this time, central banks either tighten or preserve neutral policies.

During the last session, Bitcoin flourished as central banks achieved liquidity in the economy, creating a favorable environment for risk origins such as encryption. However, the The current cash position It lacks the same supportive power, making it difficult for Bitcoin to maintain a strong upward momentum.

Nevertheless, Charles Edwards is still somewhat optimistic. Refer American liquidity It displays technical signs for a possible recovery.

“We have fought to a large extent of the Bitcoin course, in exchange for the bullish trend of the last session. It can stick,” Charles Edwards Propagate.

The half -cycle was once the most important factor that affects the price of bitcoin. However, current data draws a different image. Weak demand, unfavorable monetary policies, and experts predict that Bitcoin has entered a new stage.

In this environment, the macroeconomic factors and institutional capital flows are likely to dictate more bitcoin prices than one half of the same.