HalvingAnalysis
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$BTC Did you know about Bitcoin Halving?
The Bitcoin Halving: Understanding Its Significance
Bitcoin halving is a crucial event in the cryptocurrency world, occurring roughly every four years. During this event, the reward for mining new blocks on the Bitcoin blockchain is halved. Here’s why it’s significant:
1. Scarcity and Supply: Bitcoin's total supply is capped at 21 million coins. By halving the rate at which new bitcoins are created, the event contributes to Bitcoin's scarcity, akin to digital gold. This scarcity is a key factor in Bitcoin's value proposition.
2. Economic Impact: Halving affects the economics of Bitcoin mining. Miners, who secure the network by validating transactions, receive fewer bitcoins as rewards. This can impact their profitability and, in turn, influence the hash rate and network security.
3. Price Dynamics: Historically, Bitcoin halving events have been associated with price surges. The reduction in the rate of new supply entering the market, coupled with increasing demand, often leads to upward pressure on the price. However, this is not guaranteed, and market dynamics can vary.
4. Market Sentiment: Halving events often generate buzz and speculation in the cryptocurrency community and beyond. They are seen as significant milestones in Bitcoin's journey, attracting attention from investors, traders, and the media.
5. Long-Term Implications: Beyond immediate price movements, halving events underscore Bitcoin's deflationary nature and its role as a hedge against inflation. They reinforce the narrative of Bitcoin as a store of value and a potential alternative to traditional fiat currencies.
In conclusion, Bitcoin halving is a fundamental aspect of Bitcoin's monetary policy and economic model. While its short-term effects on price and market sentiment can be volatile, its long-term implications highlight Bitcoin's resilience and its potential to reshape the global financial landscape.
#Write2Earn #TrendingTopic #Bitcoin #HalvingAnalysis #sayedemaadmiri
The Bitcoin Halving: Understanding Its Significance
Bitcoin halving is a crucial event in the cryptocurrency world, occurring roughly every four years. During this event, the reward for mining new blocks on the Bitcoin blockchain is halved. Here’s why it’s significant:
1. Scarcity and Supply: Bitcoin's total supply is capped at 21 million coins. By halving the rate at which new bitcoins are created, the event contributes to Bitcoin's scarcity, akin to digital gold. This scarcity is a key factor in Bitcoin's value proposition.
2. Economic Impact: Halving affects the economics of Bitcoin mining. Miners, who secure the network by validating transactions, receive fewer bitcoins as rewards. This can impact their profitability and, in turn, influence the hash rate and network security.
3. Price Dynamics: Historically, Bitcoin halving events have been associated with price surges. The reduction in the rate of new supply entering the market, coupled with increasing demand, often leads to upward pressure on the price. However, this is not guaranteed, and market dynamics can vary.
4. Market Sentiment: Halving events often generate buzz and speculation in the cryptocurrency community and beyond. They are seen as significant milestones in Bitcoin's journey, attracting attention from investors, traders, and the media.
5. Long-Term Implications: Beyond immediate price movements, halving events underscore Bitcoin's deflationary nature and its role as a hedge against inflation. They reinforce the narrative of Bitcoin as a store of value and a potential alternative to traditional fiat currencies.
In conclusion, Bitcoin halving is a fundamental aspect of Bitcoin's monetary policy and economic model. While its short-term effects on price and market sentiment can be volatile, its long-term implications highlight Bitcoin's resilience and its potential to reshape the global financial landscape.
#Write2Earn #TrendingTopic #Bitcoin #HalvingAnalysis #sayedemaadmiri
The Bitcoin halving is a programmed event that occurs roughly every four years, reducing the reward miners receive for validating transactions by half. This helps control the supply of new Bitcoins, ultimately capping the total amount at 21 million coins. It often leads to increased scarcity and can affect Bitcoin's price #HalvingAnalysis #Write2Earn #halvingbitcoin #BTC
Bitcoin Price
$BTC
Price of BTC today The live price of Bitcoin is $ 67,536.00 per (BTC / USD) with a current market cap of $ 1,326.77B USD. 24-hour trading volume is $ 76.27B USD. BTC to USD price is updated in real-time. Bitcoin is +3.67% in the last 24 hours with a circulating supply of 19.65M.
#BinanceMenaSquare #TrendingTopic #BitcoinIsForEveryone #halvingbtc2024 #HalvingAnalysis
$BTC
Price of BTC today The live price of Bitcoin is $ 67,536.00 per (BTC / USD) with a current market cap of $ 1,326.77B USD. 24-hour trading volume is $ 76.27B USD. BTC to USD price is updated in real-time. Bitcoin is +3.67% in the last 24 hours with a circulating supply of 19.65M.
#BinanceMenaSquare #TrendingTopic #BitcoinIsForEveryone #halvingbtc2024 #HalvingAnalysis
Among the PEPE BULLS these bears come and seek death..
There are idiots here…PEPE Among the bulls these bears come and seek death...Don't foolishly sell your own pepe in an environment where PEPE is rising very quickly. Be patient. It will definitely drop to $0.1. If you sell pepe, you will have to wait for it to go up for a long time.Ninety-nine Elliott wave behavior will inevitably lead PEPE to $1.500 before the end of 2025.Another may call this statement false. But please note that this discovery is made by analyzing Pepe's history and applying Eliot to it. If you don't agree, please indicate below which market you can find the most data on pepe.Understand that PEPE is fighting for $1.50. Keep your belongings safe. Avoid selling. Pepe's future is secure. Be patient.Follow us for more news like this. Like the post. Share and repost to let your friends know.@CZ @Crypto_Awad #pepe #HalvingAnalysis
What is a Bitcoin block halving event?
Block halving events happen every 4 years or 210,000 blocks on Bitcoin blockchain. Bitcoin's initial block reward was 50 BTC. The current block reward is 6.25 BTC, the next block reward will be 3.125 BTC. This lowers the rate at which Bitcoins are generated. The halving is periodical and is programmed into Bitcoin's code.
#Write2Earn #Portal #TrendingTopic #Bitcoin #HalvingAnalysis $BTC
Block halving events happen every 4 years or 210,000 blocks on Bitcoin blockchain. Bitcoin's initial block reward was 50 BTC. The current block reward is 6.25 BTC, the next block reward will be 3.125 BTC. This lowers the rate at which Bitcoins are generated. The halving is periodical and is programmed into Bitcoin's code.
#Write2Earn #Portal #TrendingTopic #Bitcoin #HalvingAnalysis $BTC
$ALT is on fire 🔥
$ALT will hit 1$ soon. I think it's one of the altcoin that will perform well in the coming bullrun. If you want to easily make 10-20x I will advise you to buy $ALT and hodl it for a long time.
ALT Airdrop Season One — Celestia Stakers Claim Phase is currently on! Starting 0800 UTC on 20 February 2024 - 5 March 2024.
It's one of the reason in the price of $alt.
A reminder that the claim period will be open until 08:00 UTC on March 5, 2024. Any unclaimed ALT tokens from either the registration phase or claim phase will be returned to AltLayer’s treasury. Go and claim your airdrop now.
If you found this helpful, please consider tipping me via the Binance Tipping feature. Your generosity will help me continue providing high-quality content. 🙏🏿
#Write2Earn #BullRun #HalvingAnalysis
$ALT will hit 1$ soon. I think it's one of the altcoin that will perform well in the coming bullrun. If you want to easily make 10-20x I will advise you to buy $ALT and hodl it for a long time.
ALT Airdrop Season One — Celestia Stakers Claim Phase is currently on! Starting 0800 UTC on 20 February 2024 - 5 March 2024.
It's one of the reason in the price of $alt.
A reminder that the claim period will be open until 08:00 UTC on March 5, 2024. Any unclaimed ALT tokens from either the registration phase or claim phase will be returned to AltLayer’s treasury. Go and claim your airdrop now.
If you found this helpful, please consider tipping me via the Binance Tipping feature. Your generosity will help me continue providing high-quality content. 🙏🏿
#Write2Earn #BullRun #HalvingAnalysis
$BTC
WHAT IS BITCOIN HALVING?$BTC
Bitcoin halving - this is whereby after every four years the block reward for Bitcoin miners is cut in half. This will proceed until all 21 million bitcoins are issued over the years. It is also a process that regulates the rewards allocated to miners.
Bitcoin is not owned by one single entity. It requires miners worldwide to validate transactions and secure the network. In return, miners are rewarded with Bitcoin for every block.
When Bitcoin was launched the reward for each block was 50BTC. The code is specifically set for the rewards to be cut in half, after every 210,000 blocks are added to the blockchain. It takes around 10 mins to mine one block.
The first bitcoin halving was in 2012, whereby the halving was reduced to 25BTC. The second one was in 2016, whereby the halving, was reduced to 12.5 BTC. The third halving was in 2022 whereby the halving was reduced to 6.25 BTC. The next one will be in 2024.
Due to the supply-demand principle, the halving results in Bitcoin price increasing or being constant depending on demand. This is because the halving reduces the amount of Bitcoin entering the market. #BullRun🐂
With the fact that there can only be 21 million Bitcoin, it has been such a scarce asset over the years. After the halving, bull runs occur. After the 2024 bitcoin halving, we might have 19.7 million bitcoin in supply.
#BTC #HalvingCountdown #HalvingAnalysis
#BullRun
WHAT IS BITCOIN HALVING?$BTC
Bitcoin halving - this is whereby after every four years the block reward for Bitcoin miners is cut in half. This will proceed until all 21 million bitcoins are issued over the years. It is also a process that regulates the rewards allocated to miners.
Bitcoin is not owned by one single entity. It requires miners worldwide to validate transactions and secure the network. In return, miners are rewarded with Bitcoin for every block.
When Bitcoin was launched the reward for each block was 50BTC. The code is specifically set for the rewards to be cut in half, after every 210,000 blocks are added to the blockchain. It takes around 10 mins to mine one block.
The first bitcoin halving was in 2012, whereby the halving was reduced to 25BTC. The second one was in 2016, whereby the halving, was reduced to 12.5 BTC. The third halving was in 2022 whereby the halving was reduced to 6.25 BTC. The next one will be in 2024.
Due to the supply-demand principle, the halving results in Bitcoin price increasing or being constant depending on demand. This is because the halving reduces the amount of Bitcoin entering the market. #BullRun🐂
With the fact that there can only be 21 million Bitcoin, it has been such a scarce asset over the years. After the halving, bull runs occur. After the 2024 bitcoin halving, we might have 19.7 million bitcoin in supply.
#BTC #HalvingCountdown #HalvingAnalysis
#BullRun
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😱🔥😱 UNEXPECTED😱🔥😱
JPMorgan says bitcoin price could fall to $42,000 after April halving
The next Bitcoin halving scheduled for April could trigger a sharp drop in the price of Bitcoin, according to JPMorgan analysts.
The halving event will reduce Bitcoin miner rewards from the current 6.25 BTC per block to 3.125 BTC and this reduction will negatively impact miner profitability and lead to an increase in the cost of producing Bitcoin, they wrote JPMorgan analysts led by Nikolaos Panigirtzoglou. in a report Wednesday. The cost of producing bitcoin influences its price, and analysts predict it will reach around $42,000 after the halving.
“The cost of producing bitcoin has empirically acted as a lower bound for bitcoin prices,” the analysts say. “The midpoint of our estimated production cost range currently sits at $26,500, which would mechanically double after the halving to $53,000.”
However, analysts noted that there is a possibility of a 20% drop in the Bitcoin network hashrate after the halving, mainly due to less efficient equipment abandoning mining operations due to lower profitability. This would therefore reduce the midpoint of the estimated generation cost range to $42,000, based on an average electricity cost of $0.05/kWh, they added.
“This $42,000 estimate is also the level we expect bitcoin prices to move toward once the bitcoin-induced euphoria subsides after April,” the analysts noted.
❤️ If you found this helpful, please consider tipping me via the Binance Tipping feature. Your generosity will help me continue providing high-quality content. 🙏🏿
#BTC #TrendingTopic #Bitcoin #halvingbitcoin #HalvingAnalysis $BTC
JPMorgan says bitcoin price could fall to $42,000 after April halving
The next Bitcoin halving scheduled for April could trigger a sharp drop in the price of Bitcoin, according to JPMorgan analysts.
The halving event will reduce Bitcoin miner rewards from the current 6.25 BTC per block to 3.125 BTC and this reduction will negatively impact miner profitability and lead to an increase in the cost of producing Bitcoin, they wrote JPMorgan analysts led by Nikolaos Panigirtzoglou. in a report Wednesday. The cost of producing bitcoin influences its price, and analysts predict it will reach around $42,000 after the halving.
“The cost of producing bitcoin has empirically acted as a lower bound for bitcoin prices,” the analysts say. “The midpoint of our estimated production cost range currently sits at $26,500, which would mechanically double after the halving to $53,000.”
However, analysts noted that there is a possibility of a 20% drop in the Bitcoin network hashrate after the halving, mainly due to less efficient equipment abandoning mining operations due to lower profitability. This would therefore reduce the midpoint of the estimated generation cost range to $42,000, based on an average electricity cost of $0.05/kWh, they added.
“This $42,000 estimate is also the level we expect bitcoin prices to move toward once the bitcoin-induced euphoria subsides after April,” the analysts noted.
❤️ If you found this helpful, please consider tipping me via the Binance Tipping feature. Your generosity will help me continue providing high-quality content. 🙏🏿
#BTC #TrendingTopic #Bitcoin #halvingbitcoin #HalvingAnalysis $BTC
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😱🔥😱 UNEXPECTED😱🔥😱
JPMorgan says bitcoin price could fall to $42,000 after April halving
The next Bitcoin halving scheduled for April could trigger a sharp drop in Bitcoin price, according to JPMorgan analysts.
The halving event will reduce Bitcoin miner rewards from the current 6.25 BTC per block to 3.125 BTC and this reduction will negatively impact miner profitability and lead to an increase in the cost of producing Bitcoin, they wrote JPMorgan analysts led by Nikolaos Panigirtzoglou. in a report Wednesday. The cost of producing bitcoin influences its price, and analysts predict it will reach around $42,000 after the halving.
“The cost of producing bitcoin has empirically acted as a lower bound for bitcoin prices,” the analysts say. “The midpoint of our estimated production cost range currently sits at $26,500, which would mechanically double after the halving to $53,000.”
However, analysts noted that there is a possibility of a 20% drop in the Bitcoin network hashrate after the halving, mainly due to less efficient equipment abandoning mining operations due to lower profitability. This would therefore reduce the midpoint of the estimated generation cost range to $42,000, based on an average electricity cost of $0.05/kWh, they added.
“This $42,000 estimate is also the level we expect bitcoin prices to move toward once the bitcoin-induced euphoria subsides after April,” the analysts noted.
#BTC #TrendingTopic #Bitcoin #halvingbitcoin #HalvingAnalysis $BTC
JPMorgan says bitcoin price could fall to $42,000 after April halving
The next Bitcoin halving scheduled for April could trigger a sharp drop in Bitcoin price, according to JPMorgan analysts.
The halving event will reduce Bitcoin miner rewards from the current 6.25 BTC per block to 3.125 BTC and this reduction will negatively impact miner profitability and lead to an increase in the cost of producing Bitcoin, they wrote JPMorgan analysts led by Nikolaos Panigirtzoglou. in a report Wednesday. The cost of producing bitcoin influences its price, and analysts predict it will reach around $42,000 after the halving.
“The cost of producing bitcoin has empirically acted as a lower bound for bitcoin prices,” the analysts say. “The midpoint of our estimated production cost range currently sits at $26,500, which would mechanically double after the halving to $53,000.”
However, analysts noted that there is a possibility of a 20% drop in the Bitcoin network hashrate after the halving, mainly due to less efficient equipment abandoning mining operations due to lower profitability. This would therefore reduce the midpoint of the estimated generation cost range to $42,000, based on an average electricity cost of $0.05/kWh, they added.
“This $42,000 estimate is also the level we expect bitcoin prices to move toward once the bitcoin-induced euphoria subsides after April,” the analysts noted.
#BTC #TrendingTopic #Bitcoin #halvingbitcoin #HalvingAnalysis $BTC
#BTC 🚀🚀Bull run before Halving: Bitcoin (BTC) is going crazy!
#Bitcoin (BTC), which will complete its halving in less than two months, has reached $ 57 thousand after 118 weeks.
Bitcoin (#BTC ), which will complete its halving in less than two months, has reached $ 57 thousand after 118 weeks.
The bull run in Bitcoin (BTC) is not slowing down. The leader of the cryptocurrencies, which has risen Decently since testing $ 38,650, has touched $ 57,000 after a break of approximately 118 weeks. BTC, which was traded at $ 38,650 on January 29, overwhelmed the crypto world with joy by signing a 48 percent increase in total. Which levels will be important to follow for BTC, which gives ATH signals before halving?
The countdown to ATH has started!
Bitcoin, which stepped on the gas with the momentum it captured from $ 38,500, broke the resistance one by one. The pioneer of cryptocurrencies, which almost never gave a correction, made its way to $ 57,000 after volumetrically exceeding the resistance of 53,000.
BTC can climb to even higher levels accompanied by elements such as the positive progress of the news feed or an increase in halving enthusiasm. In such a scenario, the $57,798 – 61,831 and $68,945 levels should be followed as resistance, respectively. Exceeding the ATH level of $68.945 will trigger a new bull run.
Factors such as the fact that whales make loaded BTC transfers, Tue news is released to the market, or BTC has difficulty exceeding $ 57,798 will strengthen the sellers' hand. In such a scenario, a pullback to $ 53,227 can be expected first. Then, the support level can be followed by the levels of 50.464 – 46.941 and 42.026 dollars, respectively.
#BTC #HalvingAnalysis #Write2Eam
#Bitcoin (BTC), which will complete its halving in less than two months, has reached $ 57 thousand after 118 weeks.
Bitcoin (#BTC ), which will complete its halving in less than two months, has reached $ 57 thousand after 118 weeks.
The bull run in Bitcoin (BTC) is not slowing down. The leader of the cryptocurrencies, which has risen Decently since testing $ 38,650, has touched $ 57,000 after a break of approximately 118 weeks. BTC, which was traded at $ 38,650 on January 29, overwhelmed the crypto world with joy by signing a 48 percent increase in total. Which levels will be important to follow for BTC, which gives ATH signals before halving?
The countdown to ATH has started!
Bitcoin, which stepped on the gas with the momentum it captured from $ 38,500, broke the resistance one by one. The pioneer of cryptocurrencies, which almost never gave a correction, made its way to $ 57,000 after volumetrically exceeding the resistance of 53,000.
BTC can climb to even higher levels accompanied by elements such as the positive progress of the news feed or an increase in halving enthusiasm. In such a scenario, the $57,798 – 61,831 and $68,945 levels should be followed as resistance, respectively. Exceeding the ATH level of $68.945 will trigger a new bull run.
Factors such as the fact that whales make loaded BTC transfers, Tue news is released to the market, or BTC has difficulty exceeding $ 57,798 will strengthen the sellers' hand. In such a scenario, a pullback to $ 53,227 can be expected first. Then, the support level can be followed by the levels of 50.464 – 46.941 and 42.026 dollars, respectively.
#BTC #HalvingAnalysis #Write2Eam
Bitcoin Blast Past $60K: What's Driving this Surge?
$BTC Bitcoin has done it again - it is now close to the ATH level for the first time since November 2021.This latest price surge comes right after Bitcoin topped $50k just two weeks ago.At the time of writing, its market cap has swelled to a staggering $1.15+ trillion. Not bad for an "untested technology" that many critics had left for dead after the recent bear market.The question is - what's driving this latest surge? Let's dive in and explore the key factors lifting Bitcoin's price to heights.Institutional FOMO Kicking InBitcoin's current rally has been majorly driven by the growing appetite among institutional investors.MicroStrategy recently bought 3,000 more Bitcoins, increasing its total holdings to around 193,000 BTC. Its average buying price stands at $51,813 per Bitcoin.Meanwhile, new US spot Bitcoin ETFs have attracted over $17 billion in inflows from institutional investors since launching in January. Some believe this demand will strengthen further.According to LMAX Group's Joel Kruger, spot Bitcoin ETFs prove that "mainstream adoption is underway." With limited supplies versus strengthening institutional demand, Kruger sees Bitcoin prices rising past previous records.In essence, growing institutional interest coupled with capped Bitcoin supplies lays the foundation for Bitcoin to appreciate substantially.Halving Cycle Playing OutThe Bitcoin community is also buzzing about the upcoming "halving" event expected in April.Past halvings have preceded Bitcoin entering prolonged bull runs. Prices typically begin rallying a year out as speculators try to predictively front-run the drop in new BTC supply.As a popular crypto trader and analyst Rekt Capital points out, BTC seems to now be entering the "pre-halving rally" phase of its market cycle.Many believe this trend has the potential to pick up steam as we get closer to the halving event. And the psychology of anticipated future scarcity has already started heating up the bullish sentiments. However, it's important to keep a level head. As we've seen before, what goes up can come down in crypto.As of today, the CMC Crypto Fear and Greed Index sits at 80. This signals extreme levels of greed, indicating that investors may be getting overzealous and less rational amidst bullish price momentum. Typically any reading over 70 is considered an "extreme greed" environment. With euphoria potentially outpacing reason, the crypto markets could be prone to volatile corrections if momentum stalls.Where Does BTC Go From Here?With Bitcoin now reaching the $60K+ territory, analysts are keeping a close watch on whether BTC can eclipse its previous all-time high above $69K in the coming weeks.Article taken (and updated) from: coinmarketcap.com https://coinmarketcap.com/alexandria/article/bitcoin-eyes-dollar60k-whats-driving-this-surge#BTC #TrendingTopic #HalvingAnalysis #Write2Earn #InstitutionalInterest
$BTC has hit the $60,000 dollar mark. What do we expect next. There might be a slight correction since institutions may start taking profits. Data shows that retail has not yet entered the market, so we still have a long way to go. This is going to be one of the biggest bull markets in history of cryptocurrency.
I think you should have cash on the side to buy any dips that may occur.
#HalvingAnalysis #BTC #FOMOisReal
I think you should have cash on the side to buy any dips that may occur.
#HalvingAnalysis #BTC #FOMOisReal
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🚨Halving is completed, here are 2 scenarios to look forward to❔️❓️
1️⃣Scenario. The market is ready to move from the current levels, especially altcoins, the funding rates are ideal for a good rally: the $61,700 level is holding the price very well.
💰The nearest resistance will be 64,600, then 67,300, and then in case of a step and consolidation, there are many chances to fly above 💸ATH.
2️⃣Scenario. This is a fall towards the “weekly imbalance” zone (between $52,000 and $59,000). This scenario would have a positive effect on the market in the long term.
🍀The market would be fully prepared for an upward reversal, but there is no need to fear a sharp fall in altcoins; The main downward movement is behind us.
$BTC $BNB #Bitcoin #HalvingAnalysis
1️⃣Scenario. The market is ready to move from the current levels, especially altcoins, the funding rates are ideal for a good rally: the $61,700 level is holding the price very well.
💰The nearest resistance will be 64,600, then 67,300, and then in case of a step and consolidation, there are many chances to fly above 💸ATH.
2️⃣Scenario. This is a fall towards the “weekly imbalance” zone (between $52,000 and $59,000). This scenario would have a positive effect on the market in the long term.
🍀The market would be fully prepared for an upward reversal, but there is no need to fear a sharp fall in altcoins; The main downward movement is behind us.
$BTC $BNB #Bitcoin #HalvingAnalysis
don't say I didn't say it before...
Don't say I didn't say it before. Pepe flies for $1.#pepe #HalvingAnalysis @CZ @Richard Teng I saw the retail analysis of pepe that I brought two or three days ago, right?Pepe is captured by the cows. As I said before, the head and shoulder pattern has breakout and pepe has started its journey. Based on data obtained from mexc markets, the 90 percent eliot calculation will definitely reach the 1.5 level in 2025. Avoid selling the pepe you have.It will help our dreams come true very soon.Be patient.Follow us to know more such news. Share to friends. Repost. Comment the questions
🙋 "About Halvings"
🗣️Every four years, the Bitcoin halving occurs, meaning that the amount of new coins issued through mining rewards is cut in half. When Bitcoin first launched, mining rewards were 50 BTC. Currently, that figure is 6.25 BTC, and after the next halving, it will be reduced to 3.125 BTC.
🗣️The halving occurs every 210,000 blocks rather than on pre-specified dates, but this corresponds to a roughly four-year cycle, which means that the next reduction in issuance should reach us this April. Notably, a glance at BTC’s price action since inception reveals a repeating pattern of vertical gains, deep corrections, and drawn-out recoveries, and this sequence appears to correspond closely with the halvings, leading among bitcoin traders to an entrenched belief in halving-driven movements.
🗣️However, as Bitcoin has matured and grown in market capitalization, and with the introduction now of spot Bitcoin ETFs in the United States, some are questioning whether the halving event is still relevant, while you can also find a few voices asserting that the halving was in fact never as important as assumed, arguing instead that other, less obvious factors have fueled price movements up to now.
🗣️On top of this, the Bitcoin market cap is far larger now than in the early days of the asset’s existence, currently sitting just above $1 trillion, which is approaching the November 2021 all-time high of over $1.2 trillion. This still puts BTC a long way off gold (for which it is touted as a digital replacement), which has a market cap of around $13.6 trillion, but nonetheless, BTC is a weightier asset than it once was, which corresponds to reduced volatility.
🗣️Ultimately, after fifteen years, Bitcoin has moved towards the mainstream: spot ETFs reposition BTC within the investing landscape; if institutional adoption catche on, it will reinforce that shift and banking institutions are currently pushing the SEC to allow them to custody crypto.
#Write2Earn #HalvingAnalysis #Aprilhalving2024 #BTCALLTIMEHIGH2024 $BTC $ETH $BNB
🗣️Every four years, the Bitcoin halving occurs, meaning that the amount of new coins issued through mining rewards is cut in half. When Bitcoin first launched, mining rewards were 50 BTC. Currently, that figure is 6.25 BTC, and after the next halving, it will be reduced to 3.125 BTC.
🗣️The halving occurs every 210,000 blocks rather than on pre-specified dates, but this corresponds to a roughly four-year cycle, which means that the next reduction in issuance should reach us this April. Notably, a glance at BTC’s price action since inception reveals a repeating pattern of vertical gains, deep corrections, and drawn-out recoveries, and this sequence appears to correspond closely with the halvings, leading among bitcoin traders to an entrenched belief in halving-driven movements.
🗣️However, as Bitcoin has matured and grown in market capitalization, and with the introduction now of spot Bitcoin ETFs in the United States, some are questioning whether the halving event is still relevant, while you can also find a few voices asserting that the halving was in fact never as important as assumed, arguing instead that other, less obvious factors have fueled price movements up to now.
🗣️On top of this, the Bitcoin market cap is far larger now than in the early days of the asset’s existence, currently sitting just above $1 trillion, which is approaching the November 2021 all-time high of over $1.2 trillion. This still puts BTC a long way off gold (for which it is touted as a digital replacement), which has a market cap of around $13.6 trillion, but nonetheless, BTC is a weightier asset than it once was, which corresponds to reduced volatility.
🗣️Ultimately, after fifteen years, Bitcoin has moved towards the mainstream: spot ETFs reposition BTC within the investing landscape; if institutional adoption catche on, it will reinforce that shift and banking institutions are currently pushing the SEC to allow them to custody crypto.
#Write2Earn #HalvingAnalysis #Aprilhalving2024 #BTCALLTIMEHIGH2024 $BTC $ETH $BNB
Bitcoin Price Prediction: 🚀 As $750M Rushes Into ETFs, Here’s Why BTC Could Top $70,000 Pre-Halving 📈
📈 Bitcoin price prediction: The crypto market is bullish as February comes to an end, driven by a Bitcoin surge from $51,730 on Monday to an intraday high of $64,000 during US business hours on Tuesday.
🚀 This massive increase in BTC’s value comes amid immense interest in Bitcoin ETFs, which have posted impressive performances over the last several weeks. The general market outlook, especially for Bitcoin as it nears the April halving, is extremely bullish. Analysts suggest this uptick accounts for a pre-halving rally, with investors preparing to sell the news close to the event.
💰 Bitcoin is trading above $61,500 as bulls charge forward, bolstered by positive sentiment. Blockchain analytics platform Lookonchain revealed that Bitcoin ETFs have seen 12,187 BTC worth around $750 million flow into them at the current exchange rate.
⛓️ The Bitcoin halving anticipated in April is another market mover expected to drive prices higher by reducing BTC’s circulating supply. Previous halvings have triggered substantial price increases several months after the event, often igniting bull runs.
📊 Technical indicators signal further growth in BTC price. Bitcoin is in the process of cracking resistance at $64,000 for a close move to the all-time high near $69,000. The MACD indicator is bullish, showing a trend leaning bullishly reinforced by investors' confidence in Bitcoin.
#BitcoinPricePredictions #Price-Prediction #bitcoin #HalvingAnalysis #Priceanalysis
📈 Bitcoin price prediction: The crypto market is bullish as February comes to an end, driven by a Bitcoin surge from $51,730 on Monday to an intraday high of $64,000 during US business hours on Tuesday.
🚀 This massive increase in BTC’s value comes amid immense interest in Bitcoin ETFs, which have posted impressive performances over the last several weeks. The general market outlook, especially for Bitcoin as it nears the April halving, is extremely bullish. Analysts suggest this uptick accounts for a pre-halving rally, with investors preparing to sell the news close to the event.
💰 Bitcoin is trading above $61,500 as bulls charge forward, bolstered by positive sentiment. Blockchain analytics platform Lookonchain revealed that Bitcoin ETFs have seen 12,187 BTC worth around $750 million flow into them at the current exchange rate.
⛓️ The Bitcoin halving anticipated in April is another market mover expected to drive prices higher by reducing BTC’s circulating supply. Previous halvings have triggered substantial price increases several months after the event, often igniting bull runs.
📊 Technical indicators signal further growth in BTC price. Bitcoin is in the process of cracking resistance at $64,000 for a close move to the all-time high near $69,000. The MACD indicator is bullish, showing a trend leaning bullishly reinforced by investors' confidence in Bitcoin.
#BitcoinPricePredictions #Price-Prediction #bitcoin #HalvingAnalysis #Priceanalysis
🎉🚀 Greetings, fellow crypto enthusiasts! Here's to all of us thriving in the electrifying world of digital currencies! 👍
#AEVOLAUNCHPOOLCountdown: Tick-tock, only 24 hours left until the grand unveiling of #AEVOcoin! 🌟 The anticipation is palpable, isn't it? I've eagerly staked my BNB and am eagerly awaiting those delectable AEVO rewards. But ah, the million-dollar question: What's your take on AEVO's price prediction? 🤔 Let's unleash our collective wisdom and share our thoughts and predictions! 💬💭
Who else is bubbling with excitement for the AEVO launch? 🚀 Drop a comment if you're onboard this exhilarating journey! And now, let's address the elephant in the room: Will BNB take a dive after the AEVO launch? 🐘💥 Let's dive deep into speculation and insights, my friends! Let the conversation ignite in the comments section! 💬🔥
I'm eagerly awaiting your input! Let's join forces to make this AEVO launch an unforgettable milestone in our crypto journeys! 📚💥 #HotTrends #HalvingAnalysis #HalvingHorizons
#AEVOLAUNCHPOOLCountdown: Tick-tock, only 24 hours left until the grand unveiling of #AEVOcoin! 🌟 The anticipation is palpable, isn't it? I've eagerly staked my BNB and am eagerly awaiting those delectable AEVO rewards. But ah, the million-dollar question: What's your take on AEVO's price prediction? 🤔 Let's unleash our collective wisdom and share our thoughts and predictions! 💬💭
Who else is bubbling with excitement for the AEVO launch? 🚀 Drop a comment if you're onboard this exhilarating journey! And now, let's address the elephant in the room: Will BNB take a dive after the AEVO launch? 🐘💥 Let's dive deep into speculation and insights, my friends! Let the conversation ignite in the comments section! 💬🔥
I'm eagerly awaiting your input! Let's join forces to make this AEVO launch an unforgettable milestone in our crypto journeys! 📚💥 #HotTrends #HalvingAnalysis #HalvingHorizons
I am bullish on $BTC in the long run but now I believe that it shall be entering a consolidation period where many shorts will be placed to test the support levels of $BTC at 52 to 50K
If we break down from here get ready for 45K support and buying at that the higher low.
I do not know if we will break down to 45K but I am sure anybody will be able to see the signs if we do.
From there retail investors will enter the market and I see BTC going to 85 to 100K
#Write2Earn #BTC #HalvingAnalysis #cycles #TrendingTopic
If we break down from here get ready for 45K support and buying at that the higher low.
I do not know if we will break down to 45K but I am sure anybody will be able to see the signs if we do.
From there retail investors will enter the market and I see BTC going to 85 to 100K
#Write2Earn #BTC #HalvingAnalysis #cycles #TrendingTopic
The #Bitcoin_Halving
...Progress: 96.9% 🔥
...Current Block: 833,431 ✅
...Halving Block: 840,000 📈
...Blocks Remaining: 6,569 🔜
...Estimated Days: 45 ⬅️
...Estimated Date: 4-20-2024
#TrendingTopic #HalvingAnalysis #btchalving2024 #Launchpool
$BTC
...Progress: 96.9% 🔥
...Current Block: 833,431 ✅
...Halving Block: 840,000 📈
...Blocks Remaining: 6,569 🔜
...Estimated Days: 45 ⬅️
...Estimated Date: 4-20-2024
#TrendingTopic #HalvingAnalysis #btchalving2024 #Launchpool
$BTC
