A well-known crypto trader believes that the recent Bitcoin halving, which reduced miners’ rewards, has not yet been fully reflected in the market. In a recent video update, the trader highlights that historically, Bitcoin has experienced a parabolic rally after a halving event. However, the actual pricing in of the halving tends to occur a few months after the event itself. The trader expects Bitcoin to reach new all-time highs in due course but emphasizes the importance of consolidation and re-accumulation periods for the long-term uptrend. Although Bitcoin is currently trading at $68,580, the trader suggests that breakout rallies to new all-time highs may not occur until around September.
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Crypto Trader Says Bitcoin Halving Still Not Priced in Despite Run-Up to New Highs – Here’s Why
