Bitcoin Price Stagnation Anticipated, Analyst Forecasts Potential $5 Billion Sell-Off

2024-04-15 155

Bitcoin miners could potentially liquidate around $5 billion worth of BTC in the 4-6 months following the upcoming halving, according to analysis from 10x Research head Markus Thielen. Thielen suggests that the cryptocurrency market may enter six months of stagnation often referred to as a "summer lull," following the upcoming Bitcoin halving, similar to past patterns where Bitcoin prices stayed within a narrow range for months after the halving. With the next halving scheduled for around April 20, historical trends indicate that significant price movements may not be observed until around October.