Bitcoin may bottom in October if historical reward-halving cycle holds
Bitcoin is approaching its next halving in April 2028, which will reduce the mining reward from 3.125 to 1.5625 bitcoins per block. Historically, bear markets for bitcoin have ended 12 to 18 months before a halving, suggesting a potential bottom could occur as early as October. Analysts are monitoring critical support levels, with a breakdown below $76,000 potentially leading to further declines.
- ▪Bitcoin is fewer than 100,000 blocks away from its next halving in April 2028.
- ▪Historically, bitcoin bear markets have ended 12 to 18 months before a halving.
- ▪The current critical support level for bitcoin is between $76,000 and $77,000.
Opening excerpt (first ~120 words) tap to expand
Crypto Daybook AmericasShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin may bottom in October if historical reward-halving cycle holdsYour day-ahead look for May 19, 2026By Omkar Godbole|Edited by Sheldon Reback May 19, 2026, 11:25 a.m. 3 min readMake preferred on (Midjourney/modified by CoinDesk)What to know: Bitcoin is fewer than 100,000 blocks from its next halving in April 2028, when the mining reward is set to drop from 3.125 to 1.5625 bitcoins per block.Historically, bitcoin bear markets have tended to end 12 to 18 months before a halving, implying a potential bottom as early as October.One observer sees $76,000-$77,000 as critical support for BTC, with a clean break lower potentially opening the way to the $70,000–$72,000 area and then $60,000.This is…
Excerpt limited to ~120 words for fair-use compliance. The full article is at CoinDesk.
Discussion
0 commentsMore from CoinDesk
