Bitcoin on track for longest flat market in halving year history
Bitcoin (BTC) is on track to experience its longest period of sideways trading during a halving year if it doesn’t show significant upward movement within the next 14 days.
According to a dashboard shared by CryptoQuant CEO Ki Young Ju, the longest time BTC took to rise was 298 days.
Bitcoin achieved its highest return index during a halving year in 2020, when it hit 4.05 points, while 2016 marked the worst halving year in terms of returns, with the index only reaching 2.26 points.
Despite being the second-best performing year, 2012 registered the strongest start after 298 days, achieving 2.06 points in the return index.
Longest re-accumulation range of all-time
This year also witnessed a major milestone as Bitcoin reached a new all-time…
