Bitcoin Is Now Half Way From its Next Halving as Hashrate Marked ATH

Bitcoin halving occurs every four years.

Bitcoin Miners Reach the Halfway Point to the Next Block Reward Halving

On May 5, 2022, at block height 735,000, the bitcoin mining pool Poolin mined the 105,000th block reward since the last halving.

Bitcoin celebrates halfway to the halving with new hash rate record

The Bitcoin hash rate hit another all-time high and the 105,000th block since the last halving was mined, marking the halfway to the next halving.

Bitcoin Halving Model Suggests $24,000 Bottom Before Year’s End

Some analysts say that Bitcoin’s current price action aligns with the Bitcoin halving model, leading them to expect a $24000 bottom before year-end.  The topic of Bitcoin’s four-year halving cycle and its effects on BTC’s long-term price is one that has been highly debated within the crypto community.  Related Reading | Tether (USDT) Q1 Trading Volume Plunges To $5.3 Trillion In Quarterly Low Crypto analysts predicted that the price of Bitcoin would reach $100,000 by 2021.

Bitcoin halving analysis hints at $24K bottom before the end of 2022

Traders say BTC’s current price action aligns with the Bitcoin halving model, leading some analysts to expect a $24,000 bottom before the end of the year. One of the most popular topics of debate within the crypto community revolves around the Bitcoin (BTC) four-year halving cycle and the effect it has on the long-term price of the top cryptocurrency. Bitcoin price failed to hit the long-predicted $100,000 level in 2021 and many crypto analysts now find themselves wondering about the outlook for the next six to 12 months.

Bitcoin repeats rare weekly chart signal that resulted in 50% BTC price dips

Two moving averages warn of a bear market-style price floor in the making, says analysis one month after Bitcoin's weekly chart "death cross." Bitcoin (BTC) is facing a rare chart phenomenon which has historically resulted in 50% price drawdowns, new data shows.In a tweet on April 25, popular account Nunya Bizniz noted a fresh warning sign from two key moving averages on BTC/USD.Analyst: BTC could spend 6 months recovering from dipFor only the third time in its history, Bitcoin’s 20-week and 50-week moving averages (WMAs) have both started to slope downwards.While that may look harmless at glance, the result of the first two events — in late 2014 and late 2018 — was BTC/USD losing over 50%.BTC weekly:On 3 occasions the slope of both the 20 & 50ma turned negative.The first 2 lead to 50%+ corrections.This time? pic.twitter.com/eIMsQ6dk8H— Nunya Bizniz (@Pladizow) April 25, 2022 Both came at similar points in Bitcoin’s four-year halving cycles, and while slightly ahead of time, it has now been nearly as long since the 2018 dip, this bottoming out at $3,100.“I think this chart draws valid parallels,” longtime commentator and macro investor Tuur Demeester commented on the findings. “

Halfway To The Halving: What This Means For Bitcoin

Bitcoin halvings are important events that have taken place since the digital asset was first launched in 2009.

Bitcoin hodlers targeting $100K is what's preventing 40% price drawdown, data suggests

Long-term holders are in command amid a lack of speculators — and they're showing little interest in selling. Bitcoin (BTC) dropping to $25,000 or lower is unlikely thanks to hodlers hoping for all-time highs, not speculative traders, new research says.In a series of tweets on April 19, popular analyst Root argued that there is “no real reason” for a dramatic Bitcoin sell-off.No major selling from "maturing" hodlersBitcoin has yet to wow the market with its all-time highs this halving cycle, and this has contributed to a loss of faith among some investors.At the same time, on-chain indicators remain much more bullish than spot price action, and those investors still in the market support the idea that BTC/USD will go far higher in the future.This is thanks to a lack of short-term holders (STHs) on the market, Root notes.

Bitcoin Miners Receive Third Break This Year, Over 100K Blocks To Go Until The Halving

Bitcoin miners are celebrating the third break this year as their computational power increased due to a decrease of 1.26% in difficulty.

Bitcoin Mining Difficulty Drops for the Third Time in 2022, Just Over 100K Blocks to Go Until the Halving

Bitcoin miners have received their third break this year as the network’s mining difficulty adjusted downward by 1.26% on April 14 at block height 731,808.

Macro Guru Raoul Pal Says ‘The Low Is In’ for Crypto Markets, Upside Catalysts To Spark New Rallies

Marco guru and Real Vision CEO Raoul Pal says that the crypto markets have already seen their lows and that looming catalysts could spark the next industry-wide rally.

Bitcoin bulls may have to wait until 2024 for next BTC price 'rocket stage'

Historical data calculates Bitcoin's next 10X price surge only in two years' time, but analyst Peter Brandt is not convinced. Bitcoin (BTC) may track sideways for another two years before reigniting its bull run, new data argues.In a tweet on April 6, veteran trader Peter Brandt highlighted historical patterns suggesting that hodlers will have to wait until 2024 for their next moonshot.8 months down, 25 to go?Bitcoin has surprised analysts with its performance over the past year, as the highly anticipated "blow-off" top in Q4 2021 was much lower than expected.After BTC/USD lost over 50% of those modest new all-time highs, the debate around the relationship of price to Bitcoin's four-year halving cycles changed.The market, as Cointelegraph reported, was used to a macro price top coming once per four-year cycle, specifically the year after each of Bitcoin's block subsidy halving events.Now, however, price action is less predictable, and while the factors controlling it are many and varied, it does not necessarily mean that bulls will get their break at a different point in the current cycle.Brandt's data shows that the next impulse wave for Bitcoin may not be until May 2024 — which almost exactly lines up with the next block subsidy halving.Historically, this would be a year too early for a blow-off top, but could still deliver a 10X price increase based on historical patterns which go beyond halving cycles."The past two times BTC advanced 10X or more required an average of 33 months before the next stage of the rocket kicked in," Brandt explained.

Why the Bitcoin ‘mid-halving’ price slump will play out differently this time

The $50,000 resistance level seems to be the line in the sand that separates certainty from doubt that Bitcoin has cast off the four-year cycle trend according to Santiment. Some analysts believe the four-year market cycle is changing and that the halving schedule may no longer determine cyclical conditions as Bitcoin closes in on the mid point between halvings.The halving is when the amount of Bitcoin (BTC) rewards issued per new block mined is reduced by half.

Here’s Why the Coming Mid-Halving Point for Bitcoin Could Be Different, According to Analytics Firm Santiment

A leading crypto analytics firm says that Bitcoin (BTC) struggled through a long-lasting bear market during the last cycle after hitting its mid-halving correction point in July 2018.

BTC: Here's what one can expect from mid-halving event due next week

Bitcoin, the largest cryptocurrency, has impressed investors with its bullish metrics of March.

19 Million Bitcoin Have Been Mined Into Circulation, 2 Million Left to Be Found

On April 1, 2022, records show that 19 million bitcoin have been mined into circulation.

Huobi Co-Founder Says Next Bitcoin Bull Run Could Be 3 Years Away

According to Huobi co-founder Jun Du, Bitcoin is unlikely to experience a strong bull run until 2025.

Crypto winter 2022: Here’s what crypto industry veterans expect

Industry executives predict that the next Bitcoin bull run is likely to happen in 2024 or early 2025, tied to Bitcoin’s fourth halving. As the total cryptocurrency market capitalization dipped below $2 trillion last week, major crypto executives have been increasingly talking about a potential continuous bear market or a “crypto winter.”Contrary to the expectations of many in the crypto market, Bitcoin (BTC) failed to surge above $68,000 in 2021 and continued dropping below $40,000 in early 2022, causing significant losses for big crypto investors such as MicroStrategy.However, a possible crypto winter could be pretty helpful for the industry by giving a boost in improving the technology, according to Vitalik Buterin, co-founder of the Ethereum blockchain.

Bitcoin Halving To Bring The Subsequent Crypto Frenzy

According to Thailand’s largest digital asset exchange, the world’s largest cryptocurrency, Bitcoin, will go through another significant run in 2024 when it goes through yet another halving.

Bitcoin price down 20% so far in 2022 after worst January since 2018

January gives no relief to hodlers, but it's been eight years since Bitcoin had a double-digit "red" February. Bitcoin (BTC) is heading for its worst January performance in four years — could all not be what it seems?Data from on-chain analytics resource Coinglass shows January 2022 to be the least profitable since the peak of Bitcoin’s last halving cycle.

What bear market? Current BTC price dip still matches previous Bitcoin cycles, says analyst

It's a case of "same, same but different" when it comes to Bitcoin price action this year, but historically, nothing has fallen outside the norm. Bitcoin (BTC) has "at least one more upward impulse to come" before reaching this halving cycle's all-time high, new research maintains.In a series of tweets about the current state of BTC price action, popular analyst TechDev argued that contrary to many opinions, there is nothing unusual about BTC/USD in 2022.Bitcoin in 2021: Nothing to see hereWith a drawdown of 40% from November's all-time highs of $69,000 still ongoing, sentiment has likewise taken a hit — "extreme fear" still characterizes both Bitcoin and altcoin markets.For TechDev, known for his optimistic takes on the Bitcoin outlook, there is nonetheless nothing to worry about.Analyzing new wallet addresses relative to price behavior, he showed that last year's scenario — new address numbers making lower highs while price makes higher highs — is far from unique."In 4 out of the 6 corrections we saw divergence where price made higher highs and new addresses made lower highs," comments on two posts read."...To me, all 6 are running corrections, also supported by declining volume."That low volume has previously made the headlines as part of concerns that BTC/USD may see unduly significant moves thanks to a lack of liquidity.Overall, however, price behavior relative to Fibonacci levels has stayed well within historical norms, TechDev added, and there is thus no reason to assume that another all-time high will not come before a bearish phase ensues."Our current correction (since Feb 2021) is taking place between the same two-cycle log fibs as a running correction has always taken place, with locally declining volume and new addresses," he concluded.Bitcoin new addresses (2 week moving average) vs.

Mid-Way Cool Down: Analysts Believe Bitcoin Price Cycle Is Incomplete, Trader Says BTC’s ‘Next Move Should Be Cycle’s Top’

The price of bitcoin is down 16% over the last 30 days and since the crypto asset’s all-time high (ATH) on November 10, 2021, bitcoin has lost more than 38% since it surpassed $69K per unit that day.

New year, same 'extreme fear' — 5 things to watch in Bitcoin this week

Could Bitcoin be any less interesting for the average hodler? The remarkable split between BTC price action and network fundamentals continues into 2022. Bitcoin (BTC) begins its first full week of 2022 in familiar territory below $50,000.After ending December at $47,200 — far below the majority of bullish expectations — the largest cryptocurrency has a lot to live up to as signs of a halving cycle peak remain nowhere to be found.With Wall Street set to return after stocks conversely ended the year on a high, inflation rampant and interest rate hikes looming, 2022 could soon turn out to be an interesting market environment, analysts say.So far, however, all is calm — BTC/USD has produced no major surprises for weeks on end.Cointelegraph takes a look at what could change — or continue — the status quo in the coming days.Stocks could see 6 months of "up only"Look no further than the S&P 500 for an example of the state of play when it comes to US equities.The index achieved no fewer than 70 all-time highs in 2021, rounding out the year with a flourish, even as risk assets looked far less appetisinGBitcoin was among them, trailing below the $50,000 mark with the only noticeable events coming in the form of peaks and troughs around thin holiday liquidity.With that said, central bank policy is widely tipped to provide a potential cat among the pigeons in the coming months. The

OpenDAO's SOS Token Crashes 64% Since Christmas Day

OpenDAO's SOS airdrop last week has since lost its steam, more than halving in price despite a wave of partnerships and exchange listings. 

Countdown to the yearly close: 5 things to watch in Bitcoin this week

Things may be calmer than expected as 2021 ends, but the chances for "face-melting" green candles are still there, say analysts. Bitcoin (BTC) starts a new week near $51,000 as the end of 2021 draws near and traders down tools for the holidays.After a $50,000 Christmas, Bitcoin continues to take stock of a year in which it has gone from $29,000 to $69,000 and halfway back again.Expectations were certainly not for such eerie calm to round out December — a blow-off top, the majority argued, should have already taken the market to $100,000 and beyond.Instead, after dipping to $41,800, a slow grind through familiar territory is how Bitcoin appears to be finishing off what has been a post-halving year full of surprises.With mixed emotions characterizing the end of Q4, Cointelegraph takes a look at what could shape BTC price action for the remaining few days of 2021.Bitcoin on shorter timeframes: “Gently does it”Despite concerns that thin liquidity could spark increased spot price volatility during the holiday season, so far, the opposite is true — Bitcoin is quiet, possibly too quiet.The weekend saw little by way of unusual price moves, with a brief dip below $50,000 subsequently returning to the upside.At the time of writing, $51,000 is forming a focus once more, with limited action up or down, data fro Cointelegraph Markets Pro and TradingView shows. BTC/USD 1-hour candle chart (Bitstamp).

Is the Narrative about Bitcoin’s 4-Year Halving Cycle Diminishing?

With Bitcoin’s current return of approximately 456% since the third halving event in May 2020, this is a notable underachievement compared to the two previous cycles, which had recorded 1,355% and 4,974% respectively at this point in time.

90% of Bitcoin’s Supply Cap Has Been Issued, Miners Have 119 Years Left to Mine BTC

On December 12, crypto advocates celebrated the fact that 90% of the 21 million bitcoins that will ever exist have been mined into circulation.

Only 10% of the Bitcoin supply left to mine

Fresh data shows 90% of the total Bitcoin supply is mined, but the rest will take a little longer to produce. Total circulating Bitcoin (BTC) hit a significant milestone on Monday morning, one and a half years after the last Bitcoin halving, as 90% of the maximum total supply has been mined.Current data from Blockchain.com shows Bitcoin in circulation hit 18.899 million as of Monday, meaning only 10% of the total supply is left to mine.

This is Why $69K Was Not The Top of This Bitcoin Cycle, PlanB Exlains

PlanB touched upon historical data to explain why he thinks $69,000 was not BTC's highest level during this halving cycle.

Bitcoin Market Cycles Explained

 Matthew Kimmell is Digital Asset Analyst and Christopher Bendiksen is Bitcoin Research Lead at major European digital asset investment firm CoinShares.  __________...Read More: Bitcoin Market Cycles Explained