Bitcoin Nears Record for Longest Sideways Market Range Post-Halving Amidst Uncertainty and Lackluster Price Action
Bitcoin is approaching its longest period of sideways market range since the April halving, currently at 285 days. Contributing factors include uncertainty surrounding the U.S. election, rising U.S. Treasury yields, and the extension of Mt. Gox's repayment deadline to October 2025. Despite historically bullish trends for Bitcoin in October, the lackluster price action has left bulls disappointed. If there is no bull market in the next two weeks, this will mark the longest post-halving sideways period in Bitcoin's history.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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