Bitcoin halving 2023 and everything latest you need to know

ambcrypto.com:

Bitcoin has come into the limelight again. This, after it registered promising gains over the last week. Its price increased by more than 12%.

In the midst of the hype surrounding the next bull run, an intriguing piece of information about Bitcoin halving surfaced. The fourth BTC halving, which was initially scheduled to happen in 2024 will now happen sooner than the scheduled date.

According to NichHash’sdata, BTC’s next halving will take place in one year and 157 days, which means we can now expect the halving in December 2023. Popular crypto influencer, That Martini Guy, also mentioned this new development in his recent tweet. 

BITCOIN HALVING IS NOW EXPECTED IN DECEMBER 2023

— That Martini Guy ₿ (@MartiniGuyYT) September 11, 2022

This is somewhat of a good signal for the king of all cryptos, as historical data suggests that halvings are followed by major price surges.

For instance, during 2020’s Bitcoin halving, BTC was valued at $8,500, but in just a few months it reached over $27,000. Though the entire picture seems to favor the buyers in the market, a few analyses and reports suggest otherwise. 

Greatest_Trader, an analyst and author at CryptoQuant, mentioned in hisanalysis of a possible bear marketer in the coming days.

In his analysis, he focused on the Binary Coin Days Destroyed metric and pointed out a pattern that can ruin BTC’s much-awaited bull rally.

According to the analysis, whenever the Binary Coin Days Destroyed metric registered an uptick, the majority of the time, it was followed by a market crash.

Source: CryptoQuant

Greatest_Trader said, “currently, the metric has