Halving is hardly 5 days. Bitcoin pumps heavily after each | Arshad crypto exports on Binance Square

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Halving is hardly 5 days.
Bitcoin pumps heavily after each halving.
→ 2012 halving: 9900%
→ 2016 halving: 2900%
→ 2020 halving: 700%
But this time, something interesting will happen.
Like and bookmark this Post for later. 
🧵: My thoughts on the upcoming halving #bitcoinhalving 

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Why did Bitcoin and Altcoins Crash ? The last 24 hours were brutal for the crypto market as BTC crashed below $60k while alts crashed 30%–50%. The primary reason behind this crash was the Iran drone attack on Israel. During a war, commodities like oil and gold rise in value, which results in high inflation. High inflation means no rate cuts, which is bearish for stocks and crypto. This is why crypto sold off heavily yesterday, as people anticipated that this war could lead to high inflation, which would result in no rate cuts. Once BTC and alts started crashing, those who had high leverage positions open started getting liquidated, which resulted in more forced selling. Something similar happened during Covid in March 2020, Russia Ukraine war when the market panic sold and then rebounded within a month As per some media sites, Iran already made their allies aware in advance This means that the cartel were already ready for this dump They just waited till the weekend as there was low volume and then crashed the market After market started panic selling, they bought the dip as usual which resulted in a quick bounce The lesson here is to avoid leveraged trades and keep your portfolio in spot. This is the best way to maximize your gains while keeping your risks to a minimum. Right now, BTC is trading above $63k with a strong support at $60k level If $60k level don't hold, there is a strong support level at $56k - $58k where most of the new whales (ETF buyers) have bought their BTC Keep in mind that after every black swan event, the crypto market has witnessed parabolic runs and the same will happen this time too

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LONG THETA/USDT BUYING RANGE: 2.90$ - 3.10$ TP: 3.15$ - 3.23$ - 3.28$ - 3.35$ - 3.45$ SL: 2.88$ 3x or Spot 👍

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#BitcoinHalvingDrama #BitcoinCryptoContest 22 day left

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