{"id":427735,"date":"2022-04-07T03:55:19","date_gmt":"2022-04-07T00:55:19","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/why-the-bitcoin-mid-halving-price-slump-will-play-out-differently-this-time\/"},"modified":"2022-04-07T03:55:19","modified_gmt":"2022-04-07T00:55:19","slug":"why-the-bitcoin-mid-halving-price-slump-will-play-out-differently-this-time","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/why-the-bitcoin-mid-halving-price-slump-will-play-out-differently-this-time\/","title":{"rendered":"# Why the Bitcoin \u2018mid-halving\u2019 price slump will play out differently this time"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a273935d5b11\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a273935d5b11\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/why-the-bitcoin-mid-halving-price-slump-will-play-out-differently-this-time\/#%E2%80%9D_Why_the_Bitcoin_%E2%80%98mid-halving_price_slump_will_play_out_differently_this_time_%E2%80%9C\" >&#8221; Why the Bitcoin \u2018mid-halving\u2019 price slump will play out differently this time &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Why_the_Bitcoin_%E2%80%98mid-halving_price_slump_will_play_out_differently_this_time_%E2%80%9C\"><\/span>&#8221; Why the Bitcoin \u2018mid-halving\u2019 price slump will play out differently this time &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>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.<\/p>\n<p>The halving is when the amount of Bitcoin (BTC) rewards issued per new block mined is reduced by half. The next halving will h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>en around May 5, 2024, andl reduce block rewards to 3.125 BTC.<\/p>\n<p>According to author @Alerzio on the Santiment <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/insights.santiment.net\/read\/why-11%252Fapr%252F22-is-important-for-btc%253F-6925?fpr=twitter\">blog<\/a> on April 4, \u201cthe important resistance on the way is $50K.\u201d The blog stated that breaking this level by or around the next mid-halving on April 11 would cast off many doubts as to the possibility that the traditional market cycle has been broken. <\/p>\n<blockquote><p>\u201cIf the price (stabilizes) above this level, then we can give more credit to the thesis that says: \u2018this cycle is different than the others.\u2019\u201d\u00a0<\/p><\/blockquote>\n<p>With just a few days to go however, Bitcoin is currently down about 3.31% over the past 24 hours and around 6.51% for the week. It is trading at $43,528 according to Cointelegraph data.<\/p>\n<p>Bitcoin has gone through four halvings so far, all of which have seen a similar <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of three events over the course of four years as described by Santiment. A divergence from that cycle appears to have begun: <\/p>\n<blockquote><p>\u201cIn my opinion history won&#8217;t happen exactly in the same way that happened before.\u201d <\/p><\/blockquote>\n<p>Santiment demonstrated that traditionally after each halving, a bull market took hold where price began to increase along with network activity, followed by a dramatic climax in price leading to an all-time high (ATH). This pattern took place from the most recent May 2020 halving to the November 2021 ATH.<\/p>\n<p>However, an extended bear market usually comes in through the next mid-halving. Santiment notes that the market is now signaling a possible end to that four-year cycle as the network is now near mid-halving, but no extended bear market is yet apparent.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/8c543a53-1d73-4d06-947c-dbba676a497f.jpg\"><\/figure>\n<p>Onchain Bitcoin analyst Willy Woo has made a related observation. On Mar. 20 he tweeted a follow up to his October 2021 analysis in which he said that while previous market cycles were predictable, we may now have &#8220;No more 4 year cycles.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We&#8217;re likely seeing the first signs of &#8220;The Last Cycle&#8221; thesis playing out. 3 relatively short bull and bear markets have transpired since the 2019 bottom already. <\/p>\n<p>i.e. No more 4 year cycles. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/N3VzlKx2IA\">https:\/\/t.co\/N3VzlKx2IA<\/a><\/p>\n<p>\u2014 Willy Woo (@woonomic) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/woonomic\/status\/1505540159470714885?ref_src=twsrc%5Etfw\">March 20, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He also noted the shorter bear and bull markets that have taken place since 2019 without a climactic blow-off-top.<\/p>\n<p>Woo believes the new unpredictable cycle will be dominated by a complex interplay between supply and demand, which may already be playing out according to Santiment\u2019s findings that network activity is up at a much higher rate than the last mid-halving in 2018. Higher network activity suggests higher demand.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitcoin slides below $44K in April first as trader warns \u2018something is off\u2019 with BTC<\/em><\/strong><\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/46f94144-9efe-47a0-a5e7-740934634fa1.PNG\"><\/figure>\n<p>Founder of Bitcoin data provider Look Into Bitcoin, Philip Swift, believes that not only has the four-year cycle been broken, but it has \u201cbeen gone for a while.\u201d In a Mar. 20 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PositiveCrypto\/status\/1505546590664093699\">tweet<\/a> in reply to Woo, he said that we have \u201cone more cycle before $BTC moves out of it into a new growth phase\u2026\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/why-the-bitcoin-mid-halving-price-slump-will-play-out-differently-this-time\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Why the Bitcoin \u2018mid-halving\u2019 price slump will play out differently this time &#8220; 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&#8230;<\/p>\n","protected":false},"author":1,"featured_media":427736,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvNGYwMTJkNjMtMzRhNy00ZDI0LWFiOGEtZTNkMzk4MmUyZjQwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,78828,74939],"class_list":["post-427735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-halving","tag-market-analysis"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/427735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=427735"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/427735\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/427736"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=427735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=427735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=427735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}