Upcoming Bitcoin Halving May Not Spark Major Price Surge
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The market may have already priced in much of the impact of the upcoming Bitcoin halving event, so there may not be a big price surge afterwards.
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Past Bitcoin price gains after halvings may have been more due to macroeconomic factors than the halvings themselves.
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Just because Bitcoin rallied after the last 3 halvings does not guarantee it will happen again after this one.
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New Bitcoin ETFs could help soak up selling pressure from miners after the halving.
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Even if the halving boosts Bitcoin's price, gains likely won't happen overnight but rather over 12-18 months.