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By Rick Maeda
Compilation: Deep Tide TechFlow
Abstract of this article
On the surface, the highly anticipated Halving in the Bitcoin network has been historically bullish.
However, given the number of Halving historical occurrences, and a closer look at how BTC has performed in the overall market context, it is difficult to make any highly definitive judgments based on the Halving event itself alone.
Overall, Bitcoin Halving may not be a tradable event, but it is structurally bullish from a supply perspective. With the right macro trailing, BTC could pump up again after the Halving.
The Consensus about Bitcoin Halving is that it is bullish and the common belief is that it is a tradable event. But is that really the case? In this article, we delve into past Halving events and look at the upcoming 2024