While the halving is often interpreted as a bullish signal for Bitcoin, its immediate impact on the market is heavily influenced by psychological factors.
While the halving is often interpreted as a bullish signal for Bitcoin, its immediate impact on the market is heavily influenced by psychological factors. At times, the market treated them as a sell-the-news event, where market sentiment - and the price - builds momentum leading to the halving, only to result in significant price corrections shortly after.