Historical Halving Growth
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1st Halving (2012): Bitcoin surged 9,000% in the bull run that followed, marking the transition of BTC from a niche asset to a widely recognized investment.
2nd Halving (2016): BTC experienced a 2,800% increase after this halving, reaching its then-peak near $20,000 by late 2017.
3rd Halving (2020): Bitcoin saw a 714% rally following the most recent halving, topping around $69,000 in late 2021.
4th Halving (April 2024): Historically, the price tends to surge after halving. Growth projections suggest a similar or slightly moderated percentage gain compared to past halving cycles.
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Since the beginning of October, the "Bitcoins Flow into Whale Accumulation Addresses" metric has surged, indicating significant transfers of Bitcoin to whale wallets. This metric, which measures the quantities of Bitcoin moved to these large holders, has shown a continuous and high level of accumulation, particularly in the last three days.
It is crucial to note that the impact of this metric is not short-term and is not suitable for scalping strategies. However, its medium-term implications are positive, suggesting a bullish outlook for Bitcoin as whales continue to accumulate. This trend reflects growing confidence among large investors in the cryptocurrency's future performance.
Bitcoin Whale Accumulation Surges in October
Since the beginning of October, the metric tracking Bitcoin flows into whale accumulation addresses has surged to high levels. This metric measures the quantities of Bitcoin transferred to whale wallets, indicating a significant and continuous accumulation, particularly over the last three days.
It is crucial to note that the impact of this metric is not short-term and is not suitable for scalping strategies. However, its medium-term implications are positive, suggesting a bullish outlook for Bitcoin's market performance. This trend underscores the growing confidence among large-scale investors in the cryptocurrency's future potential.
🚀 Bitcoin Bulls Are Back! 🚀
Bitcoin is gearing up for a crucial weekly close, aiming to break a seven-month downtrend. Currently trading around $67,686, BTC has been stuck in a downward channel since its all-time high of $73,800 in March. But this time, traders are optimistic! 📈
Rekt Capital notes that Bitcoin has repeatedly tested the channel's upper edge. "It's essential Bitcoin Weekly Closes inside the red resistance to avoid a deeper rejection," he says. With buyers applying pressure, a close beyond $68,000 is within reach.
Daan Crypto Trades adds that BTC has broken out of its 2024 channel and surpassed key moving averages. Short-mid timeframe trend is up!
What do you think? Comment below! 💬 #Bitcoin #Crypto #DeFi #Web3
🚨💥 HOT PICKS FOR TODAY’S TRADING – PREPARE FOR EXPLOSIVE MOVES! 💥🚨
Here’s your top lineup of coins that are primed for some serious action today. But remember, it’s all about waiting for that perfect entry – timing is EVERYTHING in the crypto world. Let’s dive in!
1. $EIGEN – $3.49 🔥
Up +8.94% 📈
🚀 Eigen has been showing strong upward momentum. A quick rise suggests heavy accumulation, so keep a close eye on any consolidations before another potential breakout. Look for entry near support zones to ride the wave higher!
2. HMSTR – $0.003828 🐹
Up +1.30% 📉
HMSTR’s steady but small climb today hints at early signs of bullish interest. If this coin holds support, we could see it gather speed. Watch for any significant dips – it could be a great entry for longer-term gains. Perfect for patient traders!
3. $CATI – $0.4261 🐱
Up +3.42% 🟢
CATI is moving in a steady uptrend. Historically, these steady gains can lead to bigger surges. Look for pullbacks before making your entry. Slow but consistent is the name of the game here – don’t sleep on it!
4. $1MBABYDOGE – $0.0032571 🐕
Up +10.76% 🚀
1MBABYDOGE has exploded in value today! With over +10% gains, this coin is flying. Don’t FOMO – wait for the inevitable pullback and enter on a dip. Once that momentum kicks in again, we could see another skyrocket move!
💡 Pro Tip: Always stay sharp! Quick rises can often mean accumulation, while fast falls suggest dealers are selling off. Use volume analysis to confirm the next big moves! Be patient, wait for price dips to enter and don’t chase the market – let the market come to you!#TeslaTransferBTC #CanaryLitecoinETF #USStockEarningsSeason #GrayscaleConsiders35Cryptos #TeslaTransferBTC
🚨 $BOME /USDT SHOWING SIGNS OF POTENTIAL REVERSAL – ACT NOW! 🚨
The BOME/USDT pair has seen a 10.57% spike, currently trading at 0.009489 USDT on the 15-minute chart. The recent price action has been volatile, with a 24-hour high of 0.010216 USDT and a low of 0.008343 USDT, signaling significant interest and market movement.
Market Trends and Key Analysis:
After reaching its high of 0.010216 USDT, the price has started to pull back, indicating a possible correction or retracement phase. This could either be a temporary dip before a new leg up or the start of a more bearish trend.
With a 24-hour trading volume of 16.3B BOME and 150.50M USDT, liquidity remains high, which suggests that both bulls and bears are fighting for control.
Critical Levels to Watch:
Immediate Resistance: 0.010216 USDT – If BOME can break above this level, expect another bullish run, possibly targeting 0.010300 USDT and beyond.
Support Zone: 0.008843 USDT – This is a crucial level. If price falls below this, the correction may deepen, testing lower support levels around 0.008468 USDT.
📉 Short-Term Signals:
Short: Enter a short position if the price breaks below 0.009079 USDT, with a target of 0.008468 USDT. A stop-loss should be placed around 0.009689 USDT to limit potential losses if a reversal occurs.
Long: If the price bounces from the 0.009079 USDT level and reclaims 0.009689 USDT, consider entering a long position with a target of 0.010216 USDT. Tighten your stop-loss just below the entry to minimize risk.
🚀 Long-Term Outlook:
Bullish Scenario: If BOME holds its current support levels and breaks past 0.010216 USDT, expect a rally towards 0.010300 USDT and potentially higher, with strong buying interest.
Bearish Scenario: If the price fails to hold above 0.008843 USDT, it could trigger a more significant sell-off toward 0.008468 USDT or lower, especially if the market sentiment turns negative.
DOGE Soars to 11-Week High Following Elon Musk’s Move
Dogecoin has seen a significant price increase within 24 hours, possibly due to Elon Musk's recent interaction at a public event.
DOGE Continues to Grow
Dogecoin (DOGE) was the top-performing cryptocurrency in the top 20 on October 18, rising 9% to surpass the $0.13 mark. This is the first time the coin has reached such a high since late July.
The price increase can be attributed to recent comments by Elon Musk during a speech in Pennsylvania. When asked if he would lead a potential new department (called the Bureau of Government Efficiency) in the Donald Trump administration, the Tesla CEO simply replied, “Yeah, DOGE,” to applause from the audience.
This is not the first time the top meme coin has surged following an interaction from one of the richest people on the planet. In March of this year, Musk said Tesla might accept DOGE payments “in the future.” This sent the token’s price up by double digits.
Two months later, the electric car company officially integrated DOGE as a payment method on its website, sparking a massive (albeit short-lived) rally for the asset.
Musk has been vocal in his support for Dogecoin in recent years, praising its virtues on multiple occasions. At one point, he even called himself “DOGEFATHER.”
Is DOGE Ready for Another Bull Run?
The meme coin’s recent rally has caught the attention of many analysts. One X user named Dylan suggested that after DOGE’s surge, other altcoins could follow suit.
{future}(DOGEUSDT)
#Write2Earn!