Perspective of the Bitcoin Halving event affecting the short-term price of BTC:

Because there will be little release force, it is expected that this weekend BTC will likely increase to the 67-69k area and whether or not it can adjust will be decided early next week, specifically April 22-23, 2024. .

This morning Bitcoin swept down to the 59k price range and quickly recovered to the 64k range.

The Bitcoin Halving event will take place on the weekend, we should note the following points:

1. After Halving, the BTC mining reward is reduced to 50% currently

2. Mining farms and farm owners will only receive 50% of the current amount of BtC. To maintain profitable mining operations, they will consider selling some of the BTC they have mined to cover operating costs for their mining camp.

3. The farm owner will try mining for a day to see how much BtC they will mine after halving and then consider the amount of BTC they sell to ensure the mining camp operates normally for a while. (

Testing is expected to be completed by April 22 due to mining camps in different time zones)

Besides, investors through ETF funds do not trade on weekends, so to sell at the price they will wait until the beginning of the week to decide.

Because there will be little release force, it is expected that this weekend BTC will likely increase to the 67-69k area and whether or not it can adjust will be decided early next week, specifically April 22-23, 2024. .

Let's manage risks and increase your BtC amount by only buying spot because in the long term BTC will increase strongly.