empty
20.03.2024 10:33 PM
Bitcoin: Focus on halving, but bull market still in force

The cryptocurrency market is currently experiencing increased volatility as investors closely monitor how the halving of Bitcoin block rewards will affect its price.

Historically, the price of Bitcoin has surged significantly after halving events, which reduce block rewards by 50%. It is expected that the price will rise again after the fourth halving event in April. However, the current market instability raises doubts about whether this trend will persist this time.

Clear Differences from Previous Cycles

Differences from previous cycles become evident when analyzing the Bitcoin chart. The price is rising less sharply than before after halving events, causing concern among observers about the stability of the current rally. Perhaps significant price growth will not occur until a new all-time high is reached, indicating fundamental issues in the cryptocurrency market.

Although the cryptocurrency market is unstable, Bitcoin still shows some positive signs, such as maintaining a position above certain exponential moving averages, which typically indicate bullish sentiment in the market.

However, the lack of strong price growth ahead of the upcoming halving indicates that investors are not overly interested in buying BTC at the moment.

Currently, all attention is focused on the upcoming halving. Market stagnation is making investors contemplate the possible consequences. While previous halving events led to price increases for Bitcoin, the current situation looks uncertain. Market uncertainty and ongoing corrections are intensifying investor concerns.

According to the latest data, the price of Bitcoin slightly exceeds $63,000, down 1.25% over the last 24 hours. Over the past week, the cryptocurrency has fallen by 13.85%.

This image is no longer relevant

Spot ETF Outflow and FOMC Decision

According to QCP Capital data, inflows into Bitcoin spot ETFs peaked on March 12, exceeding $1 billion, but have since declined along with spot price drops. On March 19, the largest net outflow of funds in a single day occurred, leading to a temporary drop in Bitcoin to $60,770, but the price then rose again above $63,000.

The firm is questioning whether this marks the beginning of daily outflows or simply position adjustments.

Focus on the Bull Market

Despite short-term fluctuations, QCP Capital asserts that the bull market in cryptocurrencies continues and predicts positive annual growth. The company expects liquidity rotation to drive Bitcoin to new highs after the halving in April.

However, the firm warns that the high level of leverage in the market could lead to short-term corrections. It recommends that investors adopt strategies such as Enhanced Sharkfin to capitalize on this situation. This strategy provides capital protection and allows for profit in the event of Bitcoin price increases.

Enhanced Sharkfin also helps mitigate the risks of sharp market corrections, making it attractive to investors. This approach is supported by market dynamics analysis and aims to profit from potential Bitcoin price increases while minimizing potential losses from price declines.

Overall, despite current uncertainty, the cryptocurrency market continues to attract investor attention. The halving in April is expected to have a significant impact on the future price dynamics of Bitcoin. Investors remain vigilant and ready to adapt their strategies according to changing market conditions.

Ekaterina Kiseleva,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Ethereum Crashed. Bitcoin Was Less Affected

Despite the successful rollout of the Pectra test upgrade on the new Hoodi testnet—potentially the final step before rolling out the update to the Ethereum main net aimed at improving

Jakub Novak 08:01 2025-03-28 UTC+2

Trading tips for crypto market on March 28

Bitcoin and Ethereum are struggling to stay afloat. Another failed attempt by Bitcoin to cling to $88,000 led to its sell-off during today's Asian trading session. Ethereum had even worse

Miroslaw Bawulski 07:34 2025-03-28 UTC+2

Trading tips on crypto market on March 27 (North American session)

Bitcoin didn't show anything interesting in the first half of the day. Only Ethereum could be traded a bit within its sideways channel, in which it is still trapped. Meanwhile

Miroslaw Bawulski 15:16 2025-03-27 UTC+2

US crypto regulation bill moves ahead rapidly

US lawmakers are moving swiftly on legislation aimed at regulating digital assets. Votes on a stablecoin bill and a revised version of the broader cryptocurrency market structure bill are expected

Jakub Novak 10:52 2025-03-27 UTC+2

BTC/USD Analysis. March 27th. Bitcoin lacks growth potential

The wave structure on the 4-hour chart of BTC/USD is quite clear. After completing a bullish trend composed of five full waves, a corrective downward phase has begun, currently taking

Chin Zhao 08:31 2025-03-27 UTC+2

Trading Recommendations for the Cryptocurrency Market on March 27

Bitcoin and Ethereum are facing challenges in maintaining their upward momentum. However, this appears to be more of a reaction to Donald Trump's latest political statements—which have

Miroslaw Bawulski 08:06 2025-03-27 UTC+2

Technical Analysis of Intraday Price Movement of Filecoin Cryptocurrency, Thursday March 27, 2025.

By successfully breaking below the lower line of the Rising Wedge channel of the Filecoin cryptocurrency on its 4-hour chart and its price movement is now stuck

Arief Makmur 06:55 2025-03-27 UTC+2

Technical Analysis of Intraday Price Movement of Ethereum Cryptocurrency, Thursday March 27, 2025.

If in the next few days there is no significant strengthening, especially if it breaks through and closes above the level of 2549.05 on the daily chart of the Ethereum

Arief Makmur 06:36 2025-03-27 UTC+2

Bitcoin hovering before spike above $90,000

While you're mulling over whether to buy Bitcoin or not, the world's largest asset management leader, BlackRock, is actively increasing its ETH holdings for its tokenized fund, BUIDL. This move

Jakub Novak 09:39 2025-03-26 UTC+2

Trading Recommendations for the Cryptocurrency Market on March 26

Bitcoin and Ethereum continue to show active growth but face challenges in overcoming major resistance levels. Yesterday, Bitcoin pulled back after reaching $88,400 and is currently trading around $87,600. Ethereum

Miroslaw Bawulski 08:22 2025-03-26 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.