The clock is still ticking for Bitcoin halving and the situation is looking favorable

Bitcoin price action remains in accumulation range and the clock is still ticking for the Halving that BTC will have, and it seems that ETF mania has accelerated the timetable for its arrival, which somehow creates a favorable scenario for the entire cryptocurrency market.

The countdown to the Halving has entered its last phase and "In fact, there are only a couple of weeks left until the big event. So it's no wonder that halving is all that crypto investors and the media are talking about right now."

It has been mentioned that, "In the last three cycles, halving has had to do with the huge spike in volatility. Typically, a 30%-40% sell-off was expected, followed by a stratospheric rise to a new all-time high within an average of 480 days from the date of the halving"

Now, "To understand where the Bitcoin price is headed from here on out, it's the asset's volatility that we need to watch more closely. Over the past few months, we've seen anticipated declines as pre-halving excitement builds."

It is known that, "Spot BTC ETFs have captured about 10,000 BTC a day since launch, while miners are only generating 900 new BTC each day. This is exacerbating the shortage and driving prices higher."

Cointelegraph. Bitcoin's halving won't see a 600% return this year — so adjust your strategy. Link

The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph