Bitcoin: Should you expect an ’18-month’ post-halving rally this year?

An extended rally always ensues the halving event, lasting 6-18 months.rebounded following a dovish US Fed rate decision, posted a 9.5% gain, and reclaimed $68K on 20th March

The whip-sawing prices have attracted expert analysts’ comments citing historical data to gauge post-BTC halving price projections.dated 21st March, Mark Palmer, senior research analyst of digital assets and managing director of Benchmark, said the current price action was “not unusual.”“What we saw in two previous halving, which occurred in 2016 and 2020, there were a significant retracement of price ahead of that event. In 2016, it was close to 40%.

As such, he noted that Bitcoin always sees an extended rally after the halving that goes on for about “18 months.”shared a similar observation with clients regarding the halving event. However, Coinbase noted that not all halvings are “created equal” upon looking deeper into the historical data.

Source: Digital Coin News (digitalcoinnews.net)

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