Bitcoin Halving Cycle Records Weakest Performance

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

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Weak Post-Halving Performance: Bitcoin remains below $60,000 according to CoinGecko, placing investors who bought around the 2024 halving in negative territory, marking the current cycle as the weakest post-halving performance on record.
Market Cycle Divergence: Unlike previous cycles, this halving has not led to a sustained rally; instead, Bitcoin traded sideways before entering a deeper correction, resulting in negative returns for investors, breaking historical market patterns.
Technical Milestone Monitoring: Analysts are closely watching the closing of the current six-month candle, as historical data indicates that the last two Bitcoin bear markets lasted only two consecutive six-month candles before a significant uptrend, making this closing a potential turning point for the market.
Macro Environment Impact: Despite mixed technical indicators, investors are keenly observing whether improving macroeconomic conditions and renewed demand can stabilize the Bitcoin Halving cycle, which could significantly influence future market trends.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	50346.87	54230.94	57854.69	61738.76	65362.51	69246.58	72870.33
Fibonacci	54230.94	57098.927	58870.773	61738.76	64606.747	66378.593	69246.58

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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