RATE Group | Sell the News? Why the Post-Halving Bitcoin Price Drop Isn’t Guaranteed
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Sell the News? Why the Post-Halving Bitcoin Price Drop Isn’t Guaranteed

04 May Sell the News? Why the Post-Halving Bitcoin Price Drop Isn’t Guaranteed

Posted at 09:20h in Bitcoin News by

The Bitcoin (BTC) block reward halving is set to occur on May 12 and traders have mixed opinions on the direction of BTC price following the event. Some believe that a “sell the news” type drop will occur after the event while others foresee bullish continuation.

If BTC, the top listed asset on CoinMarketCap, rises in price after the halving and breaks out of its 315-day cycle wherein it saw five consecutive failed attempts at an extended rally, a powerful upsurge could occur.

Will bullish momentum continue post-halving? 

The upcoming Bitcoin halving is the only mechanism that exists which affects the production and supply of BTC. Given that Bitcoin is a deflationary currency due to its unalterable monetary policy, anything that affects its supply will have an eventual impact on its price.

Traders have come to anticipate a sell-off following the halving because it is an event that is set in stone. A halving occurs once every four years and previous halvings were triggered in 2012…

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