Bitcoin Showing Unprecedented Pre-Halving Price Action
May 12th and the halving are getting really close and there’s something in the air, something big ready to happen? Bitcoin is still holding over $7,000 and looking good.
BITCOIN SHOWING UNPRECEDENTED PRE-HALVING PRICE ACTION; HERE’S WHAT THIS MEANS
Although historical precedent suggests the halving will catalyze bullishness, it is important to note that Bitcoin’s current pre-halving price action is unprecedented, suggesting that this time may be different. Jack Purdy – a researcher at blockchain analytics platform Messari – explained in a recent tweet that Bitcoin is now entering the halving for the first time ever with a negative 90-day return. “With the halving less than a month away, we’re poised to enter it for the first time with a negative 90-day return,”
Full article here: https://bitcoinist.com/bitcoin-showing-unprecedented-pre-halving-price-action-heres-what-this-means/