The Bitcoin Halving Is Imminent - What Happens To The Crypto Market Next?

If all goes to plan, the Bitcoin halving should be happening in the next 24 hours which marks the official start of the crypto bull run.

If you don't know what a halving event is, it is simply where the rewards given to Bitcoin miners for approving transactions is halved and this time round it will halve from 6.5 BTC to 3.25 BTC.

This event reduces the supply of Bitcoin in the market whilst increasing demand and in the months following a halving event, millions of dollars flow into Bitcoin and the wider crypto market over the following 12 to 18 months. 

So how will the crypto market move in the months ahead? Lets take a look. 

The above chart shows Bitcoins previous halving event and Bitcoins price leading up to this halving event.

Bitcoin follows a historical price pattern and before all previous halving events, there has been a retrace or a dip in Bitcoins price before transitioning into an accumulation period and then a post halving parabolic phase around 2 to 3 months after the halving has occurred. 

So if Bitcoin follows the same pattern as previous halving's, Bitcoin will now go through a period of sideways price action before starting its parabolic rise to a new all time high in around 6 to 8 weeks time. 

But what about the altcoin market?

The above chart shows how the overall altcoin market performed just before the last Bitcoin halving leading up to this years halving. 

As you can see, the altcoin market saw a sharp decline in price in the previous halving before going off on a parabolic bull run. 

So what I expect to happen is for the altcoin market to bottom out around mid may before starting a surge which will peak around July before going on to reach an all time high in early 2025. 

There is a lot of fear in the crypto market at the moment but this is actually a great time for investors to pick up great crypto projects at good prices. 

And there's a saying in crypto, "when the market is fearful buy and when it is greedy, sell."

And I'll finish by saying that we are on the cusp of what many believe will be the most explosive crypto bull run yet especially with the crypto AI and RWA niches attracting so much attention. 

But if you want a much deeper dive into the Bitcoin halving and crypto bull run and how the market will perform in 2024, I have written a special Crypto Insider Bitcoin Special Report and you can read it now when you join my Crypto Insider Pro Newsletter for just £1. You can join here.