The Strongest Timeframe for Cryptocurrency Trading
$XRP $BTC $PEPE Choosing the right timeframe depends on your trading style, as each timeframe has its advantages and disadvantages. Let’s explain more: 1. Very small timeframes (1 minute - 5 minutes) - Suitable for whom? • Scalping • Traders who like to enter and exit quickly to make small profits several times a day. - Features:
Most analysts are silent for two reasons they have losses like you and they are currently unable to analyze the market has damaged credibility so they are excusable this and Ramadan Kareem $BTC $XRP $ETH
Bitcoin mining is a process in which computers are used to solve complex mathematical problems, to help verify and document transactions on the Bitcoin network. When these problems are successfully solved, a new block is added to the blockchain and a reward is given to the miner who solved the problem.
The process requires very complex calculations, which makes it consume a lot of energy. This is called "mining". The goal of mining is to maintain the security of the Bitcoin network and prevent any kind of manipulation of transactions or the creation of counterfeit currencies.
The reward that the miner gets is usually part of the transactions in the block as well as a new reward that is created when a new block is added to the chain, and this reward is gradually reduced over time through what is called "hashing", which occurs every four years.
The last Bitcoin halving (or “hashing”) took place on May 11, 2020. During this event, the reward for miners was reduced from 12.5 BTC to 6.25 BTC per block.
The next halving is expected to occur in 2024, when the reward will drop again to 3.125 BTC per block.
The next Bitcoin halving is expected to occur on April 20, 2025, based on current average mining speeds. However, this date may change slightly depending on the speed at which new blocks are added to the blockchain.
The impact of the halving usually occurs gradually, as it halves the mining reward, reducing the new supply and impacting supply and demand.
The rise of cryptocurrencies after a Bitcoin halving is usually not immediate. Historically, the market needs a period of 6-12 months after the halving for prices to start to rise significantly. The reason for this is due to: 1. Supply and demand interaction: Reducing the new supply creates a medium- to long-term impact when demand for Bitcoin increases. 2. Market absorption of the event: Investors often wait for strong signals of a return to momentum before entering heavily. 3. Other influencing factors: Such as global economic conditions and regulatory developments.
Before the previous US presidential election in 2020, the cryptocurrency market witnessed a state of volatility with increasing concerns and political uncertainty. Cryptocurrency prices were affected by several factors during the election period,
A day after the US elections ended in 2020, the cryptocurrency market witnessed a significant rise, as demand for Bitcoin and other cryptocurrencies increased.
Artificial Intelligence Predicts Bitcoin's Near Future!
Current Bitcoin Price: The coin has seen a significant increase this year by nearly 55%. There is increasing interest from institutional investors, especially in Bitcoin ETFs.
As of October 24, 2024, the price of Bitcoin is around $67,825. In the last hours, the coin has seen fluctuations, recording a 24-hour high of $67,958 and a low of $65,845.
Future Predictions: Looking ahead to the coming months, there are positive expectations for Bitcoin price growth. The price is expected to exceed $80,000 by the end of October, with expectations to reach between $86,000 and $95,000 in November. In the longer term, Bitcoin is forecasted to reach around $100,000 in the near future, with some estimates suggesting it could reach $200,000 by 2030.
Influencing Factors:
1. Growing Demand: Investments from major institutions and an increasing number of Bitcoin users. 2. Market Trends: Market volatility and economic factors such as inflation and interest rates. 3. Regulatory Notices: New laws and government initiatives can impact the market. $BNB $BTC $SOL
Artificial Intelligence Answers Why Cryptocurrencies Drop Today?
Today, the cryptocurrency market witnessed a significant decline due to several main factors:
1. The strength of the US dollar: The rise in the value of the US dollar negatively affects risky assets such as cryptocurrencies. The increased demand for the US dollar, along with the rise in US Treasury bond yields, prompted investors to avoid risks in the digital market  . 2. Forced liquidation of leveraged positions: Many traders, especially those who held long positions (expecting higher prices), were subjected to forced liquidation due to falling prices. This led to increased selling pressure, which contributed to the continued decline in the market  . 3. Speculation about ETFs: There are great expectations and speculations about the potential approval of spot Bitcoin exchange-traded funds (ETFs). These speculations, whether positive or negative, affect market sentiment and increase volatility .
These factors combined have caused a significant decline in the market today, with expectations of continued correction during the coming period. $PEPE $CATI $NEIRO
• إذا كنت تفضل تجنب التقلبات: الانتظار حتى تظهر نتائج التوقعات والسياسات الخاصة بالعمليات، فقد يكون الخيار الرقمي الأفضل. • إذا كنت مستثمرًا ناجحًا: قد لا يكون متسوق السوق أمرًا رائعًا بدرجة كافية، ويمكن أن يحظى بفرصة مفضلة من استطلاعات الرأي. • إذا كنت مستثمرًا محنكًا: يمكن أن تتبع تحليل التوجهات لاتخاذ السياسة المستنيرة والتوجه نحو السياسة.
بشكل عام، يجب أن تكون مستعدًا لتحمل العديد من الاحتمالات إذا قررت الدخول الآن، أو يمكنك الانتظار لتأثير الانتخابات والسياسات الجديدة.
Should you wait for the US election or invest now?
• If you prefer to avoid volatility: Wait for the results of the forecasts and policies of the operations, digital may be the best option. • If you are a successful investor: Market shopper may not be great enough, and can get a favorable chance from the opinion polls. • If you are a seasoned news investor: You can follow the trend analysis to make informed policy and policy direction.
In general, you should be prepared to assume many possibilities if you decide to enter now, or you can wait for the impact of the election and new policies.