Another Bullish Signal for Bitcoin? Bitcoin’s 200-day Moving Average Approaches Historical High

Ballensweig believes that the gradually decreasing supply of Bitcoin, totaling 164,000 BTC (12 billion USD) annually, combined with the net new demand from ETFs, could lead to a significant long-term increase in the price of Bitcoin. Data supports this claim, as the average Bitcoin return rate one month after all previous halving events in history was only 1.67%, while the average Bitcoin return rate one year after halving events was as high as 3,211%, highlighting the difference between short-term and long-term impacts.