Bitcoin, the pioneer digital asset, has been making headlines once again as it gears up for its much-anticipated halving event in April 2024. Recent reports and expert analyses, including Benchmark Senior Analyst Mark Palmer’s insights, shed light on the historical patterns and potential outcomes surrounding this event.

Mark Palmer on Historical Trends

Bitcoin’s price movements ahead of halving events have historically been marked by significant retracements followed by extended rallies.

In an interview with Yahoo Finance, Mark Palmer highlights that these patterns are not unusual, citing examples from the 2016 and 2020 Bitcoin halving cycles. He notes:

“What we saw in two previous…

Read more on bitcoinnews