The Bitcoin halving event in April 2024 reduced miner rewards from 6.25 to 3.125 BTC, historically a trigger for bullish momentum. But as we enter Q2 2025, the big question is: has the market already priced it in?
From a technical perspective, $BTC remains above its 200-day moving average, signaling long-term bullish strength. However, a divergence in RSI and a drop in volume suggest consolidation or a possible correction ahead. On-chain data supports this caution—exchange reserves are decreasing, but whale activity has slowed since March.
Sentiment is mixed: while institutional inflows remain steady, retail traders appear hesitant. If $BTC breaks above the \$80K resistance, we could see altcoins like \$ETH, \$SOL, and \$INJ ride the momentum. If it fails, expect a sharp move to the \$65K support zone.
Traders should watch for volume spikes and follow smart money movements. This phase is ideal for strategic entries in high-potential altcoin
s or hedging through futures.