According to CryptoQuant founder Ki Young Ju, Bitcoin has been hovering at the same price since January, with no big up or down movement. This is potentially worrying because the last time that Bitcoin didn’t make new highs within a year and a half following a halving, there was a 90% plunge. However, there is still room for hope. Young Ju suggests that some sort of event could trigger growth. A similar situation before eventually saw Bitcoin price shoot up by 9,200%.
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