ICYMI: $BTC mid-halving may save the flagship crypto from dropping further Bitcoin BTC
Investors who use BTC halving as a market indicator often rely on the mid-halving, which sometimes becomes a bottom for the price of the digital gold. In the previous cycle, we saw a mid-term bounce off of the logarithmic support curve, which supposedly correlates with the 780th-880th day of the halving cycle.The analysis based on Bitcoin's halving model has its roots in the simple law of supply and demand.
The size of the block reward is a tool that can affect Bitcoin's total supply inflation directly as miners provide constant pressure on the market.successfully bottomed out around the aforementioned day range, which is even more notable on the logarithmic chart.During the bullrun of 2021, many analysts, including Willy Woo, believed that halving would no longer have such an impressive effect on the market as we saw before.