Follow me On Twitter @Call4Ashir
6yrs Experience in Crypto. Analyze Markets, Manage Portfolios, Devise Strategies., Do Risk Management and Provide Guidance.
The Magic of Bitcoin Halving and how It Affects Prices and What Investors Think
Bitcoin halving is a special event in the world of cryptocurrency. It does happen around every four years and has a big impact on how much Bitcoin is made and how people feel about investing in it. Let's talk about why this matters, especially as we get closer to the 2024 halving.
So, what is Bitcoin halving exactly? Well, imagine Bitcoin as a treasure or virtual gold that miners find by solving complex puzzles. When they find this treasure, they get rewarded with new Bitcoin. But every four years, this reward gets cut in half. In 2024, miners will get half the Bitcoin they used to for finding a new block before April 2024.
Now, why does this affect prices? It's like having a limited edition of toy – when there's less of it, people want it more and more. The same goes for Bitcoin. Less Bitcoin being made means it becomes more valuable. That's why, in the past, Bitcoin prices have gone up after each halving. This Bitcoin halving is so special because the price of Bitcoin has crossed its previous all-time high of $69K even before halving. It has happened because of Bitcoin ETF and institutional buying of BTC. Lets evaluate the value of bitcoin in every halving day. In November 2012, it was at $12, in July 2016 its price was at $664, in May 2020 the price was at $8600. It went $69000 from $8600. Surprisingly before the halving of April 2024 it has made new all-time high of $73800.
This event also affects how investors feel about Bitcoin. Before the halving, people get excited. They think the price will go up, so they want to buy more. After the halving, they feel more confident in Bitcoin's future. They see it as a good investment because there's less of it around.
So, as we get ready for the 2024 halving, it's good to understand how it works and why it matters. Just remember, while halving can be exciting, it's smart to keep an eye on what's happening in the big picture of cryptocurrency. $BTC #HotTrends #Halving #HalvingHorizons #Binance #BitcoinHalvingMagic
After the 7000$ crash of $BTC everyone is asking about what will happen next to the market. What is going to happen to the Bitcoin and other coins especially $ETH $PEPE $BNB $shib $sol $xrp $ada $matic $aevo $sol etc.
This is what going to happen next:
1. Bitcoin starts ranging from $70k to $50k 2. BTC dominance will drop from 52% to 40% 3. Money move to ETH & and other #altcoins 4. ETH breaks ATH and move towards $5000K 5. Money flows to Alts especially to major coin like Dot, BNB, Sol, xrp etc. 6. Alts will pump hard 7. Then we see epic #ALTSEASON 8. We take profits and retire our family.
Save this post if you ever in doubt come back and read again.
In the recent 24-hour period, the price movement of Notcoin has displayed a distinct descending triangle pattern, indicating a potential upcoming decrease in value. This could result in a retreat to the support zone around $0.01. Such a downturn might lead to Notcoin's market capitalization slipping back below the $1 billion mark. Despite this, considering the remarkable growth trajectory and promising prospects of Notcoin, it's improbable that its market cap will linger below the $1 billion threshold for an extended period. Consequently, traders are likely to interpret these price declines as advantageous moments for purchasing Notcoin. If you are looking to buy Not coin keep these levels in your mind 1. 0.016 2. 0.014 3. 0.0125 4. 0.0102 $BTC $BNB #Notcoin👀🔥 #Megadrop #BinanceLaunchpool #altcoins #BTC #write2earn
Top Headlines of the Week Good morning everyone! ❤️🔥❤️🔥
Here are the top headlines of the week:
1. Bitcoin surged back above $67,000. 2. US inflation dropped to 3.4%. 3. US Senate votes to overturn SEC rule, allowing highly regulated financial firms to hold Bitcoin and crypto. 4. CME Group, the world's largest futures exchange, to launch Bitcoin trading. 5. Andrew Tate plans to invest $100 million in Bitcoin and move away from fiat currency entirely. 6. Roaring Kitty, known for GameStop trade during COVID, returns online after 3 years. 7. Robinhood introduces Solana staking in Europe. 8. Chainlink $LINK completes successful test with major US banks to expedite tokenization of funds. 9. El Salvador mines 474 #Bitcoin worth $29 million using geothermal power. 10. Joe Biden blocks Chinese-backed #cryptocurrency mining firm from owning land near a Wyoming nuclear missile base. 11. Tornado Cash developer sentenced to 64 months in prison.
- Bitcoin's next target today is $68,300. - Ethereum is looking great. - Altseason is about to begin. - Bitcoin dominance has reached its resistance and will start dropping soon. - Small and big caps pump is just starting We won the bears again 🐂 💪
In the volatile world of cryptocurrency trading, each morning brings new opportunities and challenges.
"Bitcoin's next target today is $68,300" reflects bullish sentiment, with traders anticipating further price appreciation.
"Ethereum is looking great" suggests confidence in its fundamental strengths.
"Altseason is about to begin" indicates a shift towards alternative cryptocurrencies outperforming Bitcoin. "Bitcoin dominance has reached its resistance and will start dropping soon" predicts a decline in Bitcoin's market share, opening opportunities for altcoins.
"Small and big caps pump is just starting" hints at capital inflows across a broad spectrum of cryptocurrencies. "We won the bears again 🐂 💪" underscores traders' resilience and confidence in navigating the market.
In summary, Good days are coming because of above mentioned reasons. So get ready fill your bags with top coins for biggest altseason of the world. Keep some good projects like $Sol $wif $pepe $shib $doge $dot $matic $jup $pyth $gala $bonk $jasmy $BTC $ETH $BNB #BTC #buythedip #altcoins #ETH #BinanceLaunchpool #blackrock #etf #altseasons
WHO NOTICED THE ROUNDED BOTTOM FORMED IN BTC CHART. According to this chart Bitcoin is going to hit these targets. 1 70,000$ 2. 72,000$ 3. 75,000$ According to liquidation map round about there is liquidation of 12billion between 70k to 72k. It clearly indicates that Bitcoin is going to towards 75k. Another bullish trend pattern has been formed! $ETH is once again looking good and eyeing to 3500$ mark. BTC dominance is declining slowly which is good for major altcoins. $SOL is once again looking good and the next target is 200$. $PEPE is up to 10x and liquidated all short position holders whose liquidation were at 100.... it is looking good but need to consolidate between these range of 80 to 120 for good upward trend. #BTC #buythedip #altcoins #MemeWatch2024 #ETH #pepe #shib #sol
$BTC The majority of the liquidations are still above us. So what do you think about this. So all the short holders will be liquidated. Try to manage your funds according to this scenario. #Bitcoin will likely continue to run to $70,000. Don't get fooled. #BTC #BullorBear #BlackRock #buythedip #liquadation
$BTC Update: Falling Wedge Pattern 🚀 #Bitcoin is rebounding within the marked yellow box, still adhering to the Falling Wedge pattern/Bull Flag. For a confirmed upward breakout, bulls must breach the $65,000 resistance. If achieved, Bitcoin could aim for $95,000. 🚨 Conversely, failure to maintain support at the yellow line which is at 52400$ might lead to downside targets at $50k and $40k. Exercise caution and monitor these critical levels closely. BTC dominance is falling from last week which is a good sign for altcoins. BTC came down to 10% but alt coins didn't bleed, the way they should bleed. If BTC shows sideways on this price range, we could see a pump of 10% to 20% pump in altcoins. $ETH is trying to maintain the support of $2990. The next target for Eth are 3090$ 3150$ and 3230$. Next scalping targets are 2810$ 2750$ and 2650$ in worst scenario $SOL is back in 140$ range from 117$ marks. the next resistance for solana is at 150$. so keep this in your mind. Other major coins like $WIF $JUP $PEPE $BONK $SHIB $Near $OP and $TRB are showing good recovery from the last crash.
UPDATE on Bitcoin Spot ETF flows Today Grayscale SOLD $54.9 million ARK BOUGHT $13.3 million Franklin BOUGHT $3.4 million Other funds have not reported yet --------------- Currently (negative) -$38.2 million $BTC $ETH $BNB #BTC #bitcoinhalving #BullorBear #bitcoin #ETF
Bitcoin has Tested 57k and currently trying to find support at $57k. BTC almost down 10% in less than 24 hours which is a massive crash. people are so worried about liquidation. If BTC continues going down the next support is at $56000. This could be a good buying opportunity if you are looking to take entries in the market. If BTC break 56k support then next support would be from the range of 52K to 54K. Don't hesitate to take entries or do DCA in this range. Don't forget every crash is a good opportunity to take entry. Those who are in short position try to take profit and close your position if you see BTC at 54$. The best altcoins to accumulate in this crash are $ETH $BNB $SOL $Pyth $jup $wif $OP $ENA $YGG $Avax $Jasmy $Gala $Shib $Pepe
BREAKING: MicroStrategy bought 122 more #Bitcoin for $7.8 million. MicroStrategy now holds 214,400 bitcoins at an average purchase price of $35,180 per BTC.
The Bitcoin halving event is akin to the celebration of Eid in several ways, embodying elements of renewal, anticipation, and communal excitement. Just as Eid marks a significant moment in the Islamic calendar, the Bitcoin halving symbolizes a pivotal point in the cryptocurrency realm. Eid represents the culmination of fasting and spiritual reflection, while the halving reflects years of technological development and market dynamics. Both occasions evoke a sense of anticipation and preparation. In the lead-up to Eid, families engage in rigorous preparations, from cleaning homes to buying new clothes, akin to the anticipation and speculation surrounding Bitcoin prior to its halving. Investors and enthusiasts closely monitor market trends and predictions, eagerly anticipating the impact of the halving on Bitcoin's value and network dynamics. Moreover, Eid is a time for communal celebration, where families and friends come together to share meals and exchange gifts. Similarly, the Bitcoin community unites during the halving, organizing events and discussions to commemorate this milestone and discuss its implications for the future of the cryptocurrency ecosystem. In essence, just as Eid brings renewed spiritual energy and communal joy, the Bitcoin halving infuses the cryptocurrency space with renewed enthusiasm and anticipation, marking a significant moment in its ongoing evolution. $BTC $ETH $BNB #bitcoinhalving #BTC #Memecoins #BullorBear #HotTrends #write2earn
$BTC IS FORMING A MASSIVE INVERSE HEAD AND SHOULDER FORMATION ON THE WEEKLY TIMEFRAME.
THIS COULD TAKE A FEW MONTHS BEFORE A MAJOR BREAKOUT
DURING THE CONSOLIDATION PHASE, BTC WILL TRADE BETWEEN $56K AND $76K
A WEEKLY CLOSE ABOVE $76K WILL CONFIRM THE BREAKOUT, PUSHING BTC TOWARDS $100K $ETH and $SOL are also eyeing Thier a time high after 3 years. Memecoins are ready to explode like $PEP $Shib $Wif $Bome $Bonk #Bitcoin #BullorBear #Memecoins
How Did Satoshi Nakamoto Think of Bitcoin. The article you all must need to read.
In the mysterious world of finance, there emerged a revolutionary idea: Bitcoin. But how did it come to be? Well, it all started with a person named Satoshi Nakamoto. Satoshi, whose real identity remains unknown, shared a vision for a digital currency that could be used without relying on banks or governments.
Satoshi's big idea was to create a decentralized system where people could send money directly to each other, cutting out the middlemen. He wrote a paper in 2008 called "Bitcoin: A Peer-to-Peer Electronic Cash System," laying out the blueprint for this new digital currency.
Instead of relying on a central authority, like a bank, Satoshi proposed using a network of computers to verify transactions. This network, called the blockchain, records every transaction made with Bitcoin in a secure and transparent way.
Satoshi's brilliance was in solving the problem of double-spending, where someone could spend the same digital money twice. He figured out a way to prevent this, making Bitcoin trustworthy and reliable.
So, in short, Satoshi Nakamoto thought of Bitcoin as a solution to the flaws of traditional currency systems. He wanted to create a currency that was borderless, secure, and independent of any central authority. And with Bitcoin, he succeeded in bringing his vision to life, changing the world of finance forever.
$BTC recently surged to $74K, shattering a significant resistance level, However, the momentum couldn't be sustained, & the price retreated back to around $69K. Currently, it's finding support in the 60.5-62.5k range, showing signs of a retest but am expecting to see it to 58K. Yet, there's caution as breaching this range might trigger a further decline towards 50.5-52k and worst scenario can take BTC down to 48K. Volatility remains high, so avoid leverage or do it with tight stoploss.
-Last week was a bad dream for Bitcoin especially Altcoins holders. Most of the Altcoins went down to 50% to 100% like $JUP $Gala $Pyth $Wif $Pepe $Shib $Rune $Agix $Fet $ENA $Matic $XRP $Bome $Meme $Mina $Rndr $Near.
-Total of One Billion Dollars of Late Longs and Shorts were Liquidated Yesterday.
-Long term Time Frame can Turn Bullish if we Cross 65-66K and Retest it.
-My Prediction is that we go sideways in fear till the Halving.
-I believe Halving becomes a Micro sell the News Event.
-Eventually the 50% reduction in Bitcoin Supply from Mining comes to light and we Pump like nothing Happened.
Remember, Don't Blame Leverage. It's just a Tool. Effective if used by a craftsman who understands it, lethal when used by a Noob. $ETH $SOL #BTC #etf #BinanceLaunchpool #bitcoinhalving #HotTrends #Shib #Memecoins #Doge #Wif #ASI