$WIF ALL SET FOR A MAJOR PULLBACK TO THE DEMAND ZONES .$WI | Crypto Announcement a Binance Square-en

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$WIF 
ALL SET FOR A MAJOR PULLBACK TO THE DEMAND ZONES .$WIF #write2earn🌐💹 #Write2Earns #WIFBULLISH 

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#BTCHalvingApril2024 #TrenddingTopic #write2earn🌐💹 #Write2Earns 🔥Bitcoin Halving Next Week! Sell The News Alarm 🚨 FieryTradingPREMIUMApr 11 Preface: I'm still bullish on Bitcoin. Long-term trend still is dominantly bullish. With this analysis I merely want to discuss a potential downwards move after the halving. With the BTC halving approaching fast (time flies!), I'm becoming concerned that the market will actually treat the halving as a sell-the-news-event, rather than a buying one. The simple reason is that we've been moving up in a straight line from 25k to 70k without any meaningful dip in between. In recent history, major Bitcoin news events (Coinbase IPO, Bitcoin spot ETF launch) have been sell-the-news-events. So why would the Halving be bullish? By now, everyone is aware of the supply shock that follows the halving. Smart money bought in Q4 2022 and Q1 2023 in anticipation of this halving. Dumb money has waited until recently to buy in, leaving them open to a correction. Furthermore, the weekly RSI remains extremely overbought with a value well above 80 points. It has to come down eventually one would think. I remain long-term bullish. Even the short-term looks relatively good. However, we can't underestimate the markets ability to catch us off guard. Be wary over the next two weeks. In case of a correction, I'm looking at the yellow area for a potential re-entry.

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#$BTC #Wirite2Earn #TrendingTopic." #trendNtell #BTChaving2024 #BTC#Write2Earn‬BTC The Bitcoin halving event marks a significant milestone in the cryptocurrency's history, occurring approximately every four years. During this event, the rate at which new Bitcoins are created is halved, leading to a reduction in the supply of new coins entering circulation. This deliberate mechanism is built into Bitcoin's protocol and serves to control inflation while maintaining scarcity, akin to the scarcity of precious metals like gold. The impact of the Bitcoin halving event is profound, often leading to increased attention from investors, traders, and enthusiasts alike. Historically, it has been associated with price rallies, as the reduced supply meets with sustained or increased demand. This phenomenon highlights the importance of Bitcoin's deflationary nature, as its scarcity becomes even more pronounced following each halving. However, the halving event also presents challenges, particularly for miners who rely on block rewards as incentives for validating transactions and securing the network. With fewer newly minted coins entering circulation, miners must adapt to maintain profitability, potentially leading to adjustments in mining strategies and operational efficiencies. Overall, the Bitcoin halving event serves as a testament to the cryptocurrency's unique monetary policy and decentralized nature. It underscores Bitcoin's resilience and the community's commitment to fostering a digital economy built on principles of scarcity, decentralization, and financial sovereignty.

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