“New historical highs are a trigger for selling. Some players are taking profits, which raises the question of whether there will be enough hot buyers at current levels or whether the majority will prefer to wait for a deeper correction,” said Alex Kuptsikevich, an analyst at broker FxPro. The short answer Other cryptocurrencies also dropped this week. The world second largest digital currency, ethereum, fell 46% this week while XRP lost nearly 40% of its value.
But a halving doesn’t directly impact the price of bitcoin. So it’s not a guaranteed bullish catalyst. Historically, bitcoin prices have reached a cyclical bottom roughly a year before a halving occurs, and then BTC prices rise for more than a year after the halving. Company Profiles The result is a systematic, low-stress investment strategy. By sidestepping the impulse to react to short-term market shifts—commonly known as “timing the market”—you can alleviate emotional responses to market swings while progressively growing your Bitcoin holdings. This emotional equilibrium can significantly bolster your confidence in investment decisions.