BitcoinHalwing
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This post is for you if you are a cryptocurrency enthusiast!
After every four years, Bitcoin halving takes place. Bitcoin halving means the supply of new Bitcoins is cut in half, making the supply short and the demand high, ultimately leading to an increase in price. This time, halving will occur in April 2024. With the increase in the price of Bitcoin, all cryptocurrency prices will rise alongside it. These price increases will start from April 2024 and continue until April 2025. This is commonly known as Bull Run in Crypto market Terminologies. So, this is the best time to enter the crypto market.
Note: This post is for educational purposes only and not financial advice. Remember, before making any investment, do your own study and research.
#bullrun #BitcoinHalwing #bitcoinnews
After every four years, Bitcoin halving takes place. Bitcoin halving means the supply of new Bitcoins is cut in half, making the supply short and the demand high, ultimately leading to an increase in price. This time, halving will occur in April 2024. With the increase in the price of Bitcoin, all cryptocurrency prices will rise alongside it. These price increases will start from April 2024 and continue until April 2025. This is commonly known as Bull Run in Crypto market Terminologies. So, this is the best time to enter the crypto market.
Note: This post is for educational purposes only and not financial advice. Remember, before making any investment, do your own study and research.
#bullrun #BitcoinHalwing #bitcoinnews
$BTC 's weekly candle has closed above the crucial 31k support/resistance level for the first time since May 2022.
There's a possibility of a retest of the 31k level, and the bulls will need to defend this area. Success in this defense might prompt #BTC to test the 38-39K resistance level in November.
Bitcoin has entered a bullish phase, signaling the potential start of a bull run in the market.
#Crypto #dyor #EthereumScaling #BitcoinHalwing $BTC $BNB $ETH
@BreakOut_Expert
There's a possibility of a retest of the 31k level, and the bulls will need to defend this area. Success in this defense might prompt #BTC to test the 38-39K resistance level in November.
Bitcoin has entered a bullish phase, signaling the potential start of a bull run in the market.
#Crypto #dyor #EthereumScaling #BitcoinHalwing $BTC $BNB $ETH
@BreakOut_Expert
Here is a timeline of some of the funniest Bitcoin events:
In 2010: Laszlo Hanyecz pays 10,000 Bitcoin for two Papa John's pizzas. This purchase is now known as the "Bitcoin Pizza Day" and is celebrated by Bitcoin enthusiasts every year on May 22nd.
In 2011, Starcraft 2 clan aov hosted a tournament and the prizes were paid out in Bitcoin. The 5th through 8th place winners each received 25 Bitcoin, which at the time was worth only about a dollar each. However, if those players had held onto their Bitcoin, they would each be worth almost a million dollars today.
In 2013: Mt. Gox, the largest Bitcoin exchange at the time, is hacked and 744,408 Bitcoin are stolen. This hack is still one of the largest cryptocurrency thefts in history.
In 2013, James Howell in Wales accidentally threw away an old hard drive that contained the private keys to 7,500 Bitcoin. At the time, those Bitcoin were worth about $7.5 million. Howell has been trying to find the hard drive ever since, but he has not been successful.
In 2013: A user 'GameKyuubi' submitted a post titled "I AM HODLING," arguing in favor of holding his bitcoins during a crash. Now we use Hodling instead of Holding. 🤣
In 2017: Craig Wright claims to be Satoshi Nakamoto, the anonymous creator of Bitcoin. However, Wright has never been able to provide convincing evidence to support his claim.
In 2019, a Bitcoin whale named Stefan Thomas tweeted that he had lost the password to his wallet containing over 7,000 Bitcoin. This would be worth over $300 million today. Thomas has been trying to crack his password ever since, but he has not been successful.
2020: John McAfee tweets that Bitcoin will reach $1 million by 2020, and that he will "eat his own d***" if he is wrong. Bitcoin does not reach $1 million by 2020, but McAfee has not yet eaten his d*** (to the public's knowledge) as he is no more.
I hope you enjoyed this timeline of funny Bitcoin events!
#Bitcoin_Talk #BTC🔥🔥 #BinanceSquareTalks #BitcoinHalwing #hodl
In 2010: Laszlo Hanyecz pays 10,000 Bitcoin for two Papa John's pizzas. This purchase is now known as the "Bitcoin Pizza Day" and is celebrated by Bitcoin enthusiasts every year on May 22nd.
In 2011, Starcraft 2 clan aov hosted a tournament and the prizes were paid out in Bitcoin. The 5th through 8th place winners each received 25 Bitcoin, which at the time was worth only about a dollar each. However, if those players had held onto their Bitcoin, they would each be worth almost a million dollars today.
In 2013: Mt. Gox, the largest Bitcoin exchange at the time, is hacked and 744,408 Bitcoin are stolen. This hack is still one of the largest cryptocurrency thefts in history.
In 2013, James Howell in Wales accidentally threw away an old hard drive that contained the private keys to 7,500 Bitcoin. At the time, those Bitcoin were worth about $7.5 million. Howell has been trying to find the hard drive ever since, but he has not been successful.
In 2013: A user 'GameKyuubi' submitted a post titled "I AM HODLING," arguing in favor of holding his bitcoins during a crash. Now we use Hodling instead of Holding. 🤣
In 2017: Craig Wright claims to be Satoshi Nakamoto, the anonymous creator of Bitcoin. However, Wright has never been able to provide convincing evidence to support his claim.
In 2019, a Bitcoin whale named Stefan Thomas tweeted that he had lost the password to his wallet containing over 7,000 Bitcoin. This would be worth over $300 million today. Thomas has been trying to crack his password ever since, but he has not been successful.
2020: John McAfee tweets that Bitcoin will reach $1 million by 2020, and that he will "eat his own d***" if he is wrong. Bitcoin does not reach $1 million by 2020, but McAfee has not yet eaten his d*** (to the public's knowledge) as he is no more.
I hope you enjoyed this timeline of funny Bitcoin events!
#Bitcoin_Talk #BTC🔥🔥 #BinanceSquareTalks #BitcoinHalwing #hodl
#Bitcoin HALVING is coming soon 🔥🔥
If you want to more Info #BTC HALVING
Like Comment Flow and share 🚀🚀🚀
#Write2Earn #TrendingTopic #BitcoinHalwing #bitcoinhalving2024
If you want to more Info #BTC HALVING
Like Comment Flow and share 🚀🚀🚀
#Write2Earn #TrendingTopic #BitcoinHalwing #bitcoinhalving2024
🔑🔑🔑 All about #ordinals & features 🔥🔥🔥
Ordinals is a protocol that allows users to inscribe any type of data onto the Bitcoin blockchain. This includes images, videos, text, and even code. Ordinals is still under development, but it has the potential to revolutionize the way that data is stored and accessed on the internet.
Features of Ordinals:
- Inscriptions are stored directly on the Bitcoin blockchain: This makes them more secure and permanent than NFTs that are stored on other blockchains.
- Ordinals inscriptions can be any type of data, not just images or videos. This opens up a wide range of new possibilities for NFT use cases.
- Ordinals is built on Bitcoin, which is a decentralized network. This means that Ordinals is not controlled by any single entity, making it more resistant to censorship and interference.
Future of Ordinals:
Ordinals has the potential to have a significant impact on the future of the internet. For example, Ordinals could be used to:
- Create a more secure and permanent marketplace for NFTs.
- Create new types of NFTs that are not possible on other blockchains.
- Make NFTs more accessible to a wider audience.
- Revolutionize the way that data is stored and accessed on the internet.
Here are some specific examples of how Ordinals could be used in the future:
Ordinals could be used to create a decentralized social media platform where users own their own data and have control over their privacy.
Ordinals could be used to create a decentralized identity management system that is more secure and resistant to fraud than traditional identity management systems.
Ordinals could be used to create a new generation of decentralized applications that are more secure, scalable, and user-friendly than existing applications.
Overall, Ordinals is a promising new protocol with the potential to revolutionize the way that data is stored and accessed on the internet. It is still under development, but it is a project to watch closely.
#BitcoinHalwing #BinanceSquare #BinanceSquareTrends #CryptoOpportunities
Ordinals is a protocol that allows users to inscribe any type of data onto the Bitcoin blockchain. This includes images, videos, text, and even code. Ordinals is still under development, but it has the potential to revolutionize the way that data is stored and accessed on the internet.
Features of Ordinals:
- Inscriptions are stored directly on the Bitcoin blockchain: This makes them more secure and permanent than NFTs that are stored on other blockchains.
- Ordinals inscriptions can be any type of data, not just images or videos. This opens up a wide range of new possibilities for NFT use cases.
- Ordinals is built on Bitcoin, which is a decentralized network. This means that Ordinals is not controlled by any single entity, making it more resistant to censorship and interference.
Future of Ordinals:
Ordinals has the potential to have a significant impact on the future of the internet. For example, Ordinals could be used to:
- Create a more secure and permanent marketplace for NFTs.
- Create new types of NFTs that are not possible on other blockchains.
- Make NFTs more accessible to a wider audience.
- Revolutionize the way that data is stored and accessed on the internet.
Here are some specific examples of how Ordinals could be used in the future:
Ordinals could be used to create a decentralized social media platform where users own their own data and have control over their privacy.
Ordinals could be used to create a decentralized identity management system that is more secure and resistant to fraud than traditional identity management systems.
Ordinals could be used to create a new generation of decentralized applications that are more secure, scalable, and user-friendly than existing applications.
Overall, Ordinals is a promising new protocol with the potential to revolutionize the way that data is stored and accessed on the internet. It is still under development, but it is a project to watch closely.
#BitcoinHalwing #BinanceSquare #BinanceSquareTrends #CryptoOpportunities
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BUY SETUP $ETH
According to Rosie, ETH still has a Bull rhythm up to 1904.5
ENTRY : 1794
SL: 1735
R:R ~ 1.88
When ETH reached the price range of 1904, everyone also watched and closed down altcoins.
Don't be too bullish. Be cautious
According to Rosie, December will be fiery red
#CryptoBears #Ethererum #BitcoinHalwing
According to Rosie, ETH still has a Bull rhythm up to 1904.5
ENTRY : 1794
SL: 1735
R:R ~ 1.88
When ETH reached the price range of 1904, everyone also watched and closed down altcoins.
Don't be too bullish. Be cautious
According to Rosie, December will be fiery red
#CryptoBears #Ethererum #BitcoinHalwing
How to trade a bullish flag pattern?
$BTC is currently forming a bullish flag pattern formed by two parallel trendlines.Price trading in a narrow range between the two lines.
If Bitcoin breaks out of the bullish flag to the upside, it could continue its uptrend and reach new highs. However, if Bitcoin breaks down below the bullish flag, it could signal a reversal in trend and lead to a decline in price
#btc #BitcoinHalwing #BitcoinMovement
$BTC is currently forming a bullish flag pattern formed by two parallel trendlines.Price trading in a narrow range between the two lines.
If Bitcoin breaks out of the bullish flag to the upside, it could continue its uptrend and reach new highs. However, if Bitcoin breaks down below the bullish flag, it could signal a reversal in trend and lead to a decline in price
#btc #BitcoinHalwing #BitcoinMovement
#BNB
. The Bitcoin mining landscape is experiencing a significant shift ahead of the upcoming fourth halving event.
2. The halving will reduce the BTC supply subsidy per block from 6.25 BTC to 3.125 BTC.
3. Approximately 82 days remain until the halving, prompting Bitcoin miners to sell their reserves, as observed in CryptoQuant's analysis.
4. Analysis indicates a notable reduction in Bitcoin reserves held by miners, accompanied by a surge in BTC transfers to exchanges.
5. The current flow of Bitcoin from miners to exchanges is three times greater than the opposite direction, signaling increased selling pressure from the mining community.
6. CryptoQuant views miners selling their reserves as a strategic move, aligning with the historical trend of miners securing profits ahead of halving events to cover expenses and plan for future investments.
7. The upcoming fourth halving is scheduled for April in the current cycle and is expected to follow patterns observed in previous cycles.
8. Historical trends suggest that Bitcoin may experience a substantial surge post-halving, potentially extending until April-August 2025 and surpassing the previous peak of $69,000.
9. The analysis highlights a consistent pattern in Bitcoin's price behavior around each halving, featuring a gradual ascent about a year before the event, sustained growth for 12-16 months post-halving, and eventual new highs before entering a bearish phase.
10. The observations provide insights into the dynamics of Bitcoin mining and its potential impact on the cryptocurrency's price movements leading up to and following the halving event.
#BTC #BitcoinHalwing #bitcoinhalving
. The Bitcoin mining landscape is experiencing a significant shift ahead of the upcoming fourth halving event.
2. The halving will reduce the BTC supply subsidy per block from 6.25 BTC to 3.125 BTC.
3. Approximately 82 days remain until the halving, prompting Bitcoin miners to sell their reserves, as observed in CryptoQuant's analysis.
4. Analysis indicates a notable reduction in Bitcoin reserves held by miners, accompanied by a surge in BTC transfers to exchanges.
5. The current flow of Bitcoin from miners to exchanges is three times greater than the opposite direction, signaling increased selling pressure from the mining community.
6. CryptoQuant views miners selling their reserves as a strategic move, aligning with the historical trend of miners securing profits ahead of halving events to cover expenses and plan for future investments.
7. The upcoming fourth halving is scheduled for April in the current cycle and is expected to follow patterns observed in previous cycles.
8. Historical trends suggest that Bitcoin may experience a substantial surge post-halving, potentially extending until April-August 2025 and surpassing the previous peak of $69,000.
9. The analysis highlights a consistent pattern in Bitcoin's price behavior around each halving, featuring a gradual ascent about a year before the event, sustained growth for 12-16 months post-halving, and eventual new highs before entering a bearish phase.
10. The observations provide insights into the dynamics of Bitcoin mining and its potential impact on the cryptocurrency's price movements leading up to and following the halving event.
#BTC #BitcoinHalwing #bitcoinhalving
The fifth Bitcoin bull officially started!
Pointing out that Bitcoin (BTC) has gone through four bull cycles so far, Matrixport stated that the fifth bull officially started on June 22, 2023.
Matrixport pointed out that Bitcoin (BTC) has passed through four bull cycles so far and said that the fifth bull began on 22 June 2023.
Bitcoin Spot ETF applications of Blackrock, Fidelity and many other institutions have mobilized the crypto market. The fact that the SEC was close to approved these applications created a sensational rise in BTC.
In its report for the crypto market, Matrixport stated that the BTC bull officially started on June 22, 2023.
“Bitcoin will reach $125,000”
On October 26, Matrixport presented a striking report on the crypto market. Matrixport said the Bitcoin (BTC) bull has begun and made a striking price prediction.
Claiming that the Bitcoin (BTC) bull started on June 22, 2023, Matrixport predicted that BTC would reach $ 125,000 by December 2024. Additionally, Matrixport stated that the best time to buy BTC is 14-16 months before the halving.
In its price prediction created with the BTC chart, Matrixport; It points to $45,000 in January 2024, $63,130 in May 2024, and $125,000 in December 2024. This sensational price prediction means the crypto bull is making ATH (all-time high).
The report underlined that BTC has gone through four different bull cycles before. This price prediction was given as the fifth bull cycle has officially begun.
Matrixport attributed its fifth bull market to an increase in corporate adoption and unsustainable data in the US economy.
#Bitcoin #BitcoinHalwing #Bull
$BTC $XRP $ADA
Pointing out that Bitcoin (BTC) has gone through four bull cycles so far, Matrixport stated that the fifth bull officially started on June 22, 2023.
Matrixport pointed out that Bitcoin (BTC) has passed through four bull cycles so far and said that the fifth bull began on 22 June 2023.
Bitcoin Spot ETF applications of Blackrock, Fidelity and many other institutions have mobilized the crypto market. The fact that the SEC was close to approved these applications created a sensational rise in BTC.
In its report for the crypto market, Matrixport stated that the BTC bull officially started on June 22, 2023.
“Bitcoin will reach $125,000”
On October 26, Matrixport presented a striking report on the crypto market. Matrixport said the Bitcoin (BTC) bull has begun and made a striking price prediction.
Claiming that the Bitcoin (BTC) bull started on June 22, 2023, Matrixport predicted that BTC would reach $ 125,000 by December 2024. Additionally, Matrixport stated that the best time to buy BTC is 14-16 months before the halving.
In its price prediction created with the BTC chart, Matrixport; It points to $45,000 in January 2024, $63,130 in May 2024, and $125,000 in December 2024. This sensational price prediction means the crypto bull is making ATH (all-time high).
The report underlined that BTC has gone through four different bull cycles before. This price prediction was given as the fifth bull cycle has officially begun.
Matrixport attributed its fifth bull market to an increase in corporate adoption and unsustainable data in the US economy.
#Bitcoin #BitcoinHalwing #Bull
$BTC $XRP $ADA
Future drivers of cryptocurrency market growth, according to Matrixport:
1. By January 2024, it anticipates the SEC to approve a Bitcoin ETF, with trading expected to commence by February or March.
2. Stablecoin issuer, Circle could be listed on the stock market by April.
3. While the announcement of FTX's winning bid could occur in December 2023, it projects the exchange to be operational by May or June 2024. FTX is anticipated to reclaim its position as a top 3 exchange within twelve months.
4. The abovementioned three events and the Bitcoin halving cycle are expected to provide a healthy dose of momentum into the following year.
5. Although seeing this as a significant upside catalyst is challenging, in Q1 2024, Ethereum’s IEP-4844 upgrade is scheduled to take place.
6. This also coincides with the potential U.S. Federal Reserve interest rate cut by mid-2024, as market pricing indicates the first rate cut happening in June 2024.
#BTC #BitcoinHalwing
1. By January 2024, it anticipates the SEC to approve a Bitcoin ETF, with trading expected to commence by February or March.
2. Stablecoin issuer, Circle could be listed on the stock market by April.
3. While the announcement of FTX's winning bid could occur in December 2023, it projects the exchange to be operational by May or June 2024. FTX is anticipated to reclaim its position as a top 3 exchange within twelve months.
4. The abovementioned three events and the Bitcoin halving cycle are expected to provide a healthy dose of momentum into the following year.
5. Although seeing this as a significant upside catalyst is challenging, in Q1 2024, Ethereum’s IEP-4844 upgrade is scheduled to take place.
6. This also coincides with the potential U.S. Federal Reserve interest rate cut by mid-2024, as market pricing indicates the first rate cut happening in June 2024.
#BTC #BitcoinHalwing
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📣 And 11 years ago yesterday, the first Bitcoin halving took place ✔️
#BitcoinHalwing
📅 On November 28, 2012 - 3 years and 10 months after the first Bitcoin block was mined - the first halving event took place.
At the time, Bitcoin was trading approximately 12,308,200% below its current price of #Bitcoin .
💸 ▫️Before the first halving occurred, the mining reward was 50 Bitcoins per block.
💸 ▫️After the first halving event in 2012, the mining reward was reduced to 25 BTC, and then after the second halving in 2016, it was reduced to 12.5 BTC.
💸 ▫️Bitcoin's last halving took place in 2020 and the mining reward was reduced from 12.5 BTC to 6.25 BTC.
💥 Bitcoin's fourth halving is now expected to occur on April 17, 2024.
#BinanceTournament $BTC $BNB $ETH
#BitcoinHalwing
📅 On November 28, 2012 - 3 years and 10 months after the first Bitcoin block was mined - the first halving event took place.
At the time, Bitcoin was trading approximately 12,308,200% below its current price of #Bitcoin .
💸 ▫️Before the first halving occurred, the mining reward was 50 Bitcoins per block.
💸 ▫️After the first halving event in 2012, the mining reward was reduced to 25 BTC, and then after the second halving in 2016, it was reduced to 12.5 BTC.
💸 ▫️Bitcoin's last halving took place in 2020 and the mining reward was reduced from 12.5 BTC to 6.25 BTC.
💥 Bitcoin's fourth halving is now expected to occur on April 17, 2024.
#BinanceTournament $BTC $BNB $ETH
Unpopular but true: Bitcoin is the most significant monetary advance since the creation of coinage.
If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
Bitcoin is the most egalitarian thing we've ever seen. It's insanely ambitious, and if it works, can really reshape the fabric of society.
Most people hate everything about Bitcoin until they fully understand how it works...
Then they either fight it because they work for a government or they fall in love with Bitcoin because they understand how great it is for human freedom around the world.
Bitcoin is given value by its users as well as the supply and demand of the market.
I wish at this point the "what gives it value?" question would go away as it's been clear for 15+ years that it has value and the question is silly.
If you want to meet someone that understands Bitcoin, talk to a core dev.
A great point.
Although anyone can view the code and you don't have to know the code to get the general idea of how it works.
It's why everyone laughed at Gensler when he compared trusting Bitcoin to an Oracle Database.
Not specifically, but this is a good breakdown of ownership distribution.
I think there's a lot more smaller retail holders than many realize because the whales get the attention.
#Write2Earn #TradeNTell
#BitcoinHalwing
If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
Bitcoin is the most egalitarian thing we've ever seen. It's insanely ambitious, and if it works, can really reshape the fabric of society.
Most people hate everything about Bitcoin until they fully understand how it works...
Then they either fight it because they work for a government or they fall in love with Bitcoin because they understand how great it is for human freedom around the world.
Bitcoin is given value by its users as well as the supply and demand of the market.
I wish at this point the "what gives it value?" question would go away as it's been clear for 15+ years that it has value and the question is silly.
If you want to meet someone that understands Bitcoin, talk to a core dev.
A great point.
Although anyone can view the code and you don't have to know the code to get the general idea of how it works.
It's why everyone laughed at Gensler when he compared trusting Bitcoin to an Oracle Database.
Not specifically, but this is a good breakdown of ownership distribution.
I think there's a lot more smaller retail holders than many realize because the whales get the attention.
#Write2Earn #TradeNTell
#BitcoinHalwing
Bitcoin next stop is 38k$ after crossing the $35k roadblock
If you agree 💯 with me say yes
if you think otherwise say no
#BitcoinHalwing #BinanceSquareTrends
If you agree 💯 with me say yes
if you think otherwise say no
#BitcoinHalwing #BinanceSquareTrends
#BTC/USDT ANALYSIS
#BTC is currently forming an ascending triangle pattern on a 4-hour timeframe.
The RSI is situated in the neutral zone, indicating a period of indecision between bulls and bears.
It's crucial to monitor for a sustained breakout or breakdown to confirm the next directional move in the market.
#BTC #BitcoinHalwing #Bitcoin-BTC
#BTC is currently forming an ascending triangle pattern on a 4-hour timeframe.
The RSI is situated in the neutral zone, indicating a period of indecision between bulls and bears.
It's crucial to monitor for a sustained breakout or breakdown to confirm the next directional move in the market.
#BTC #BitcoinHalwing #Bitcoin-BTC
#
1. "Bitcoin Miners Spark Crypto Mystery 🕵️♂️: Why the Sudden Sell-Off ? 📉"
2. "Crypto Drama Unfolding: Miners Drop Bitcoin Like Hot Potatoes 🔥 – What's Brewing in the BTC World? ☕"
3. "Bitcoin's Rollercoaster Ride: Miners Take the Plunge 🎢 – Is This the Calm Before the Halving Storm? ⛏️"
4. "Breaking News: Miners Flood the Market 🚨 – Bitcoin Balances Plummet at an Alarming Rate! 💸"
5. "Crypto Whodunit: The Great Bitcoin Offload 🕵️♀️ – Are Miners Shaping the Future or Just Cashing In? 💼"
#BitcoinHalwing $BTC
1. "Bitcoin Miners Spark Crypto Mystery 🕵️♂️: Why the Sudden Sell-Off ? 📉"
2. "Crypto Drama Unfolding: Miners Drop Bitcoin Like Hot Potatoes 🔥 – What's Brewing in the BTC World? ☕"
3. "Bitcoin's Rollercoaster Ride: Miners Take the Plunge 🎢 – Is This the Calm Before the Halving Storm? ⛏️"
4. "Breaking News: Miners Flood the Market 🚨 – Bitcoin Balances Plummet at an Alarming Rate! 💸"
5. "Crypto Whodunit: The Great Bitcoin Offload 🕵️♀️ – Are Miners Shaping the Future or Just Cashing In? 💼"
#BitcoinHalwing $BTC
Why Bitcoin may touch $175,000 to $225,000 in 2024 ?
Bitcoin halving is a process that occurs every 210,000 blocks, which is roughly every four years. During this process, the reward for mining new blocks is cut in half. This is done to control the supply of Bitcoin and prevent inflation. The first halving occurred in November 2012, and the second halving occurred in July 2016. The third halving occurred in May 2020, and the fourth halving is expected in April 2024.The halving process has historically been associated with a surge in Bitcoin’s price. The first halving saw Bitcoin’s price rise from $11 to $1,100, while the second halving saw Bitcoin’s price rise from $650 to $20,000. The third halving saw Bitcoin’s price rise from $8,000 to $64,000 The prediction of Bitcoin trading at $46,900 as of April 12, 2024, is based on the assumption that the current trend will continue. However, it is important to note that the future of cryptocurrencies is highly dependent on various factors such as market changes, ongoing developments in their systems, and more. Therefore, it is difficult to predict their future with certainty.The algorithm suggests a nearly +50% increase one month after the halving, reaching $70,200, followed by a year-long rally to a new all-time high at approximately $175,000. This prediction is based on the assumption that the halving will lead to a decrease in the supply of Bitcoin, which will drive up its price. However, it is important to note that this is just a prediction, and the actual price may differ.In conclusion, the next Bitcoin halving is expected in April 2024, with a current prediction of Bitcoin trading at $46,900 as of April 12, 2024. The algorithm suggests a nearly +50% increase one month after the halving, reaching $70,200, followed by a year-long rally to a new all-time high at approximately $175,000.$BTC #Bitcoin #BTC #BitcoinHalwing #Write2Earn
1. The Bitcoin mining landscape is experiencing a significant shift ahead of the upcoming fourth halving event.
2. The halving will reduce the BTC supply subsidy per block from 6.25 BTC to 3.125 BTC.
3. Approximately 82 days remain until the halving, prompting Bitcoin miners to sell their reserves, as observed in CryptoQuant's analysis.
4. Analysis indicates a notable reduction in Bitcoin reserves held by miners, accompanied by a surge in BTC transfers to exchanges.
5. The current flow of Bitcoin from miners to exchanges is three times greater than the opposite direction, signaling increased selling pressure from the mining community.
6. CryptoQuant views miners selling their reserves as a strategic move, aligning with the historical trend of miners securing profits ahead of halving events to cover expenses and plan for future investments.
7. The upcoming fourth halving is scheduled for April in the current cycle and is expected to follow patterns observed in previous cycles.
8. Historical trends suggest that Bitcoin may experience a substantial surge post-halving, potentially extending until April-August 2025 and surpassing the previous peak of $69,000.
9. The analysis highlights a consistent pattern in Bitcoin's price behavior around each halving, featuring a gradual ascent about a year before the event, sustained growth for 12-16 months post-halving, and eventual new highs before entering a bearish phase.
10. The observations provide insights into the dynamics of Bitcoin mining and its potential impact on the cryptocurrency's price movements leading up to and following the halving event.
#BTC #BitcoinHalwing #bitcoinhalving
2. The halving will reduce the BTC supply subsidy per block from 6.25 BTC to 3.125 BTC.
3. Approximately 82 days remain until the halving, prompting Bitcoin miners to sell their reserves, as observed in CryptoQuant's analysis.
4. Analysis indicates a notable reduction in Bitcoin reserves held by miners, accompanied by a surge in BTC transfers to exchanges.
5. The current flow of Bitcoin from miners to exchanges is three times greater than the opposite direction, signaling increased selling pressure from the mining community.
6. CryptoQuant views miners selling their reserves as a strategic move, aligning with the historical trend of miners securing profits ahead of halving events to cover expenses and plan for future investments.
7. The upcoming fourth halving is scheduled for April in the current cycle and is expected to follow patterns observed in previous cycles.
8. Historical trends suggest that Bitcoin may experience a substantial surge post-halving, potentially extending until April-August 2025 and surpassing the previous peak of $69,000.
9. The analysis highlights a consistent pattern in Bitcoin's price behavior around each halving, featuring a gradual ascent about a year before the event, sustained growth for 12-16 months post-halving, and eventual new highs before entering a bearish phase.
10. The observations provide insights into the dynamics of Bitcoin mining and its potential impact on the cryptocurrency's price movements leading up to and following the halving event.
#BTC #BitcoinHalwing #bitcoinhalving