, and this event will reduce the block reward to 3.125 BTC. Since everybody knows when it is coming, it might be priced in, but there are so many other factors that are not.
In 2016, May and June saw Bitcoin rally from $440 to $785. In July, around the halving, the price action was severely muted and prices stayed within the $630-$680 band for nearly a month.
Source: Digital Coin News (digitalcoinnews.net)
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