BTC price action in 2024 is in some ways reminiscent of the 2016-2017 rally. At that time, the price of #btc began to rise after the block reward halving in 2016 and peaked at the end of 2017.
Similarly, market expectations have risen again after the 2024 halving.
There is a similar momentum cyclically; prices tend to move upwards due to supply constraints and increased demand after the halving.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.