On the longer outlook, though, the past three halvings were followed by an exponential move higher for bitcoin’s price about 50-100 days after the event, crypto hedge fund QCP Capital pointed out in a Monday market update. “If this pattern is repeated this time, BTC bulls still have a few weeks to build a larger long position,” the report said.

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• Source: https://www.coindesk.com/markets/2024/04/22/bitcoin-eyes-67k-after-halving-as-altcoins-primed-for-short-squeeze-hedge-fund-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines