The dust has settled, and the Bitcoin Halving has passed!
Now, let's look at the bigger picture.
In the 24 hours following the last two halving events, the general market has experienced:
- A mixed bag of emotions! In 2016, Bitcoin's price dropped by 2%, while in 2020, it rose by 4%.
- Increased volatility! The 24 hours after the halving have historically seen significant price swings, making it a wild ride for traders.
- A potential trend reversal! In both 2016 and 2020, the 24 hours after the halving marked a turning point in the market trend, with Bitcoin's price starting to move in a new direction.
And what about other cryptos? In the 24 hours after their halvings:
- Litecoin (LTC) saw a 10% increase in 2019
- Bitcoin Cash (BCH) experienced a 12% drop in 2020
- Dogecoin (DOGE) rose by 15% in 2021
Coins to watch out for in the next 24 hours:
$BOME, $ALT, $WLD, $BONK, $OM, $PIXEL, $PEOPLE, $STX, $IOTA, $BADGER, $SAND, $WING, $BOND, $BURGER, $SCRT, $CHZ, $SAGA, $W, $ETHFI, $AEVO, $METIS,
Will they follow the trend or buck the trend?
Keep an eye on them to find out!"
Note that I've added the list of coins as part of the coins to watch out for in the next 24 hours.
Please keep in mind that this is not investment advice, and it's important to do your own research and consider your own risk tolerance before investing in any cryptocurrency.
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I am Emmanuel Haastrup
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