BTCPriceForecas
1,573 views
3 Posts
Hot
Latest
woowđ„đ„đ„3rd attempts and my calculations are getting closer to win Tesla car on binance BTC price prediction campaign
#BTCPriceForecas #BTCPricePrediction #RamadanWithBinance #binancecampaigns
#BTCPriceForecas #BTCPricePrediction #RamadanWithBinance #binancecampaigns
đ„đđHey, don't freak out! Last year, the drop was as high as 73%, but right now it's only 5-10%.
There's still plenty of time before it really goes down.
My advice? Take out your money and switch it to USDT or any stable coin! Hold onto it until it drops by about 80% (estimated) because in 2020, it went down by 73%. Just stick with block 12.5. Stay calm and carry on! đ„đđ„đ„
(greetings 0X0)
Here's a rundown of Bitcoin halving dates:
2012 Bitcoin Halving:
- Previous block reward: 50 BTC
- New block reward: 25 BTC
- Price on halving day: $12.35
- Price 150 days later: $127.00
- Price local top before halving: $16.5
- Drop from highest to halving: -56.69%
- Highest Price on this cycle: $1,144
- Days from halving to ATH: 370
2016 Bitcoin Halving:
- Previous block reward: 25 BTC
- New block reward: 12.5 BTC
- Price on halving day: $650.53
- Price 150 days later: $758.81
- Price local top before halving: $791
- Drop from highest to halving: -40%
- Highest Price on this cycle: $20,114
- Days from halving to ATH: 505
2020 Bitcoin Halving:
- Previous block reward: 12.5 BTC
- New block reward: 6.25 BTC
- Price on halving day: $8,821.42
- Price 150 days later: $10,943.00
- Price local top before halving: $13,923
- Drop from highest to halving: -72.16%
- Highest Price on this cycle: $69,000
- Days from halving to ATH: 554
Breathe easy, my friend! đđâ
$BTC $ETH $BNB
#BTCPriceForecas #Solanađ #MATIC #bnblauncpool #ETHâ
There's still plenty of time before it really goes down.
My advice? Take out your money and switch it to USDT or any stable coin! Hold onto it until it drops by about 80% (estimated) because in 2020, it went down by 73%. Just stick with block 12.5. Stay calm and carry on! đ„đđ„đ„
(greetings 0X0)
Here's a rundown of Bitcoin halving dates:
2012 Bitcoin Halving:
- Previous block reward: 50 BTC
- New block reward: 25 BTC
- Price on halving day: $12.35
- Price 150 days later: $127.00
- Price local top before halving: $16.5
- Drop from highest to halving: -56.69%
- Highest Price on this cycle: $1,144
- Days from halving to ATH: 370
2016 Bitcoin Halving:
- Previous block reward: 25 BTC
- New block reward: 12.5 BTC
- Price on halving day: $650.53
- Price 150 days later: $758.81
- Price local top before halving: $791
- Drop from highest to halving: -40%
- Highest Price on this cycle: $20,114
- Days from halving to ATH: 505
2020 Bitcoin Halving:
- Previous block reward: 12.5 BTC
- New block reward: 6.25 BTC
- Price on halving day: $8,821.42
- Price 150 days later: $10,943.00
- Price local top before halving: $13,923
- Drop from highest to halving: -72.16%
- Highest Price on this cycle: $69,000
- Days from halving to ATH: 554
Breathe easy, my friend! đđâ
$BTC $ETH $BNB
#BTCPriceForecas #Solanađ #MATIC #bnblauncpool #ETHâ
Bitcoin Price Decline: Understanding Today's 2.50% Correction
Bitcoin's price has dropped by 2.50% today, currently trading at $67,402. This decline follows a weekend rally where $BTC briefly touched $69,000, marking a nearly 1% gain. However, as the new week begins, the market has seen a reversal in momentum, prompting concerns among investors.
### Why Did Bitcoin's Price Drop Today?
The primary factor behind today's Bitcoin price drop appears to be a typical market correction at the start of the week. Historically, Mondays tend to see downward price movements, with markets often stabilizing and finding support by Tuesday or Wednesday. This correction follows a short-term surge, raising questions about whether Bitcoin's bullish trend is nearing its end.
### Is Bitcoin's Uptrend Over?
The Bitcoin uptrend may be approaching a temporary halt, with the possibility of a significant correction on the horizon. Investors should be prepared for a potential double-digit pullback in the short term. Two key factors suggest a short-term retracement is likely:
1. Psychological Resistance at $70,000: Over the past seven months, Bitcoin has repeatedly faced resistance around the $70,000 mark, indicating that this level is a significant barrier for further upward movement. The recent price action reflects similar behavior, with BTC struggling to sustain gains beyond this level.
2. Weekend Rally and Bearish Setup: The weekend's 1.55% rally, which pushed Bitcoin above its October 18 swing high of $69,049, may have been a false breakout. The bullish momentum was insufficient to maintain the uptrend, leading to a bearish swing failure pattern. This technical setup, seen for the first time since October 10, suggests a potential reversal in Bitcoin's price trend.
### Whatâs Next for Bitcoin?
While Bitcoinâs long-term outlook remains positive, the current correction could lead to a retracement to key support levels. These areas of interest include:
- $65,500 to $65,800: A zone containing buy-side imbalances that could provide short-term support.
- $64,762 to $63,269: Another daily buy-side imbalance where buyers may step in.
- $64,165: This level represents the highest volume traded over the past seven months, making it a critical area to watch for potential support.
### Conclusion
Although Bitcoin remains in a broader bullish trend, todayâs price action suggests a short-term correction may be underway. Investors should closely monitor key support levels as the market seeks to stabilize in the coming days.
### Why Did Bitcoin's Price Drop Today?
The primary factor behind today's Bitcoin price drop appears to be a typical market correction at the start of the week. Historically, Mondays tend to see downward price movements, with markets often stabilizing and finding support by Tuesday or Wednesday. This correction follows a short-term surge, raising questions about whether Bitcoin's bullish trend is nearing its end.
### Is Bitcoin's Uptrend Over?
The Bitcoin uptrend may be approaching a temporary halt, with the possibility of a significant correction on the horizon. Investors should be prepared for a potential double-digit pullback in the short term. Two key factors suggest a short-term retracement is likely:
1. Psychological Resistance at $70,000: Over the past seven months, Bitcoin has repeatedly faced resistance around the $70,000 mark, indicating that this level is a significant barrier for further upward movement. The recent price action reflects similar behavior, with BTC struggling to sustain gains beyond this level.
2. Weekend Rally and Bearish Setup: The weekend's 1.55% rally, which pushed Bitcoin above its October 18 swing high of $69,049, may have been a false breakout. The bullish momentum was insufficient to maintain the uptrend, leading to a bearish swing failure pattern. This technical setup, seen for the first time since October 10, suggests a potential reversal in Bitcoin's price trend.
### Whatâs Next for Bitcoin?
While Bitcoinâs long-term outlook remains positive, the current correction could lead to a retracement to key support levels. These areas of interest include:
- $65,500 to $65,800: A zone containing buy-side imbalances that could provide short-term support.
- $64,762 to $63,269: Another daily buy-side imbalance where buyers may step in.
- $64,165: This level represents the highest volume traded over the past seven months, making it a critical area to watch for potential support.
### Conclusion
Although Bitcoin remains in a broader bullish trend, todayâs price action suggests a short-term correction may be underway. Investors should closely monitor key support levels as the market seeks to stabilize in the coming days.
