Bitcoin may bottom in October if historical reward-halving cycle holds
Analysts suggest that Bitcoin's price may reach its lowest point in October, aligning with historical trends related to its reward-halving cycle. Historically, Bitcoin has experienced significant price fluctuations around halving events, which occur approximately every four years and reduce the reward for mining new blocks. The next halving is expected in 2024, leading some experts to predict a potential price bottom this October as investors prepare for the upcoming event. Market sentiment and trading volumes are being closely monitored as traders anticipate this possible downturn.
Read the full article: CoinDesk