Bitcoin Halving: Goldman Sachs Downplays Impact of 'Buy the Rumor, Sell the News' – Markets and Prices Bitcoin News

Bitcoin News— Goldman Sachs analysts believe that whether the upcoming Bitcoin halving will turn out to be a “buy the rumor, sell the news” event may have less impact on bitcoin’s medium-term outlook. They explained that the bitcoin price performance will likely continue to be driven by the supply-demand dynamic and continued demand for spot bitcoin exchange-traded […]

Bitcoin News—Bitwise: Bitcoin Halving Is a 'Sell the News' Event, Market Underestimates Long-Term Impact – Markets and Prices Bitcoin News. Asset management firm Bitwise has cautioned that data suggests the upcoming Bitcoin halving is a “sell the news” event. However, the firm explained that the market likely “prices in the short-term impact of the halving but underestimates the long-term impact,” emphasizing that the data “also suggests that, long-term, the halving may be conducive to price […]

Bitcoin News—7 AI Chatbots Predict Bitcoin's Price Post-Halving; See $80K-$100K by Year-End – Markets and Prices Bitcoin News. On April 28, 2024, the price of bitcoin was coasting along at $62,900 per unit as of 7:28 p.m. Eastern Time (ET). Since then, the price fell below the $62K mark by Monday morning ET, only to climb back above $62,000 by mid-afternoon. It has been nine days since the last halving event and 109 […]

Bitcoin News—Plan B Predicts Repeat Performance Post-Bitcoin Halving Amid Mixed Analyst Forecasts – Markets and Prices Bitcoin News. At block height 839,856, the Bitcoin blockchain stands a mere 144 blocks short of the forthcoming reward halving at block height 840,000. Historically, bitcoin’s price has seen substantial increases following prior halving events. However, there are speculations that this occurrence might not follow the previous pattern. This week, the creator of the stock-to-flow (S2F) price […]