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BitcoinBeliever
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Is Bitcoin On Track to Make a Big Move and Hit $100,000 in 2024? Over the last 15 years, Bitcoin (CRYPTO: BTC) has already surpassed nearly every projection, estimate, and expectation. In just over a decade, the cryptocurrency has grown from just a few pennies per digital coin to more than $50,000 by 2021, taking the world by storm. With its price sitting at roughly $70,000 in June 2024, the next major landmark in sight is the coveted six-figure mark. As sensational as it might sound, history tells us that a $100,000 price tag is increasingly likely. But the real question is: When will Bitcoin make it past $100,000? Could it be in 2024? Measuring the effect of the halving Any prediction like this is inherently speculative. But a bit of speculation can be healthy and force us to evaluate an investment's long-term developments. To forecast Bitcoin's performance, it's imperative to consider the trends around the halving. The halving is a pre-programmed event that occurs approximately every four years. It reduces the reward for mining new blocks by half and forms the foundation of Bitcoin's robust monetary policy. This mechanism effectively decreases the rate at which new bitcoins are created over time, contributing to Bitcoin's scarcity and, historically, its price appreciation. Bitcoin recently underwent its fourth halving in April 2024, sending its inflation rate to just 0.85%. Due to the clear influence the halving has on dynamics around Bitcoin's supply and demand, we can form our projection around it by looking back at previous halvings. In the year Bitcoin undergoes a halving, its price increases by around 125% on average. If we measure from its price at the beginning of the year ($44,000), a 125% increase would put its price at $99,000. If this halving has a similar effect to past ones, it appears that Bitcoin should be within striking distance of the $100,000 mark in 2024. But to add more certainty to 2024 being the year Bitcoin hits six figures there is one other variable we need to consider. $BTC #bitcoin #BTC #BitcoinBeliever
Is Bitcoin On Track to Make a Big Move and Hit $100,000 in 2024?

Over the last 15 years, Bitcoin (CRYPTO: BTC) has already surpassed nearly every projection, estimate, and expectation. In just over a decade, the cryptocurrency has grown from just a few pennies per digital coin to more than $50,000 by 2021, taking the world by storm.

With its price sitting at roughly $70,000 in June 2024, the next major landmark in sight is the coveted six-figure mark. As sensational as it might sound, history tells us that a $100,000 price tag is increasingly likely. But the real question is: When will Bitcoin make it past $100,000? Could it be in 2024?

Measuring the effect of the halving

Any prediction like this is inherently speculative. But a bit of speculation can be healthy and force us to evaluate an investment's long-term developments.
To forecast Bitcoin's performance, it's imperative to consider the trends around the halving. The halving is a pre-programmed event that occurs approximately every four years. It reduces the reward for mining new blocks by half and forms the foundation of Bitcoin's robust monetary policy.

This mechanism effectively decreases the rate at which new bitcoins are created over time, contributing to Bitcoin's scarcity and, historically, its price appreciation. Bitcoin recently underwent its fourth halving in April 2024, sending its inflation rate to just 0.85%.

Due to the clear influence the halving has on dynamics around Bitcoin's supply and demand, we can form our projection around it by looking back at previous halvings. In the year Bitcoin undergoes a halving, its price increases by around 125% on average. If we measure from its price at the beginning of the year ($44,000), a 125% increase would put its price at $99,000.

If this halving has a similar effect to past ones, it appears that Bitcoin should be within striking distance of the $100,000 mark in 2024. But to add more certainty to 2024 being the year Bitcoin hits six figures there is one other variable we need to consider.

$BTC
#bitcoin #BTC #BitcoinBeliever
Today's Big $6.6B Bitcoin Options Expiry: What to Expect Today, the cryptocurrency market braces for a significant event: the expiry of 107,000 Bitcoin options contracts worth $6.6 billion. This end-of-month expiry, with a put/call ratio of 0.5, hints at bullish sentiment despite a max pain point set at $57,000—$4,000 below current prices. Ethereum sees a similar scenario with 1.04 million contracts expiring at a notional value of $3.6 billion. While markets have shown resilience, all eyes are on post-expiry volatility and market reaction. Stay tuned for updates on how this event shapes crypto trends. 📈💥 #BitcoinBeliever #Expiry #bitcoin
Today's Big $6.6B Bitcoin Options Expiry: What to Expect

Today, the cryptocurrency market braces for a significant event: the expiry of 107,000 Bitcoin options contracts worth $6.6 billion. This end-of-month expiry, with a put/call ratio of 0.5, hints at bullish sentiment despite a max pain point set at $57,000—$4,000 below current prices. Ethereum sees a similar scenario with 1.04 million contracts expiring at a notional value of $3.6 billion. While markets have shown resilience, all eyes are on post-expiry volatility and market reaction.

Stay tuned for updates on how this event shapes crypto trends. 📈💥

#BitcoinBeliever #Expiry #bitcoin
Bitcoin: A Bright Future for Miners Is Taking Shape! Crypto regulation Bernstein analysts have recently highlighted a promising scenario for Bitcoin miners, which they describe as a “Goldilocks scenario”. This term refers to a situation where conditions are perfectly balanced to favor growth and stability within the Bitcoin mining industry. According to analysts, several factors contribute to this ideal scenario. First, there is a growing probability of political changes favorable to Bitcoin, notably with the increasing influence of the “Trump Factor”. Former US President Donald Trump recently expressed his support for the crypto industry, which could lead to more favorable policies for Bitcoin miners. Furthermore, the United States is emerging as a dominant hub for Bitcoin mining. With advanced infrastructure and cutting-edge technologies, American miners are well-positioned to take advantage of this trend. The latest generations of mining chips, more efficient and powerful, also play a crucial role in this scenario. Analysts also highlight that Bitcoin miners are increasingly valued for their lead in energy connectivity. This technological advance allows miners to become solid partners for artificial intelligence (AI) data centers, thereby opening up new opportunities for collaboration and growth. #bitcoin☀️ #BitcoinTherapist #BitcoinPizzaDay2024 #BitcoinCyclePeak #BitcoinBeliever $BTC
Bitcoin: A Bright Future for Miners Is Taking Shape!

Crypto regulation
Bernstein analysts have recently highlighted a promising scenario for Bitcoin miners, which they describe as a “Goldilocks scenario”. This term refers to a situation where conditions are perfectly balanced to favor growth and stability within the Bitcoin mining industry.

According to analysts, several factors contribute to this ideal scenario. First, there is a growing probability of political changes favorable to Bitcoin, notably with the increasing influence of the “Trump Factor”. Former US President Donald Trump recently expressed his support for the crypto industry, which could lead to more favorable policies for Bitcoin miners.

Furthermore, the United States is emerging as a dominant hub for Bitcoin mining. With advanced infrastructure and cutting-edge technologies, American miners are well-positioned to take advantage of this trend. The latest generations of mining chips, more efficient and powerful, also play a crucial role in this scenario.

Analysts also highlight that Bitcoin miners are increasingly valued for their lead in energy connectivity. This technological advance allows miners to become solid partners for artificial intelligence (AI) data centers, thereby opening up new opportunities for collaboration and growth.
#bitcoin☀️ #BitcoinTherapist #BitcoinPizzaDay2024 #BitcoinCyclePeak #BitcoinBeliever $BTC
🚨 ** Alert: Bitcoin Potential Fake Out Ahead** 🚨 Attention, crypto traders! 📢 (BTC) is showing signs of a potential fake out, according to a closely followed trader known as The Flow Horse. Here's what you need to know: 1. **False Bullish Signals**: The current Bitcoin structure has everyone focused on a breakout, but it might be setting up a trap. The trader warns that this type of setup often leads to a sudden move downward. 📉 2. **Halving Event Risk**: As we approach the April 19th halving event (when miners' rewards are cut in half), the risk increases. The trader suggests reducing risk temporarily. 🛑 3. **Market Capital**: Funding rates are struggling to heat up again, indicating insufficient capital at these levels to sustain continuous buying. 📊**Bitcoin Price**: Currently trading at $68,750, down nearly 2% in the last 24 hours. **Solana-based WIF (dogwifhat)**: Expect a potential bottoming in the summer. 🌞 - **Dogecoin (#doge #)**: Could hit at least $0.50 this cycle, signaling a possible market top. 🚀 Remember, always do your due diligence and trade responsibly. Stay informed and protect your investments! 💪 #bitcoin☀️ #Bitcoinarena #BitcoinBeliever

🚨 ** Alert: Bitcoin Potential Fake Out Ahead** 🚨

Attention, crypto traders! 📢 (BTC) is showing signs of a potential fake out, according to a closely followed trader known as The Flow Horse. Here's what you need to know:
1. **False Bullish Signals**: The current Bitcoin structure has everyone focused on a breakout, but it might be setting up a trap. The trader warns that this type of setup often leads to a sudden move downward. 📉
2. **Halving Event Risk**: As we approach the April 19th halving event (when miners' rewards are cut in half), the risk increases. The trader suggests reducing risk temporarily. 🛑
3. **Market Capital**: Funding rates are struggling to heat up again, indicating insufficient capital at these levels to sustain continuous buying. 📊**Bitcoin Price**: Currently trading at $68,750, down nearly 2% in the last 24 hours.
**Solana-based WIF (dogwifhat)**: Expect a potential bottoming in the summer. 🌞
- **Dogecoin (#doge #)**: Could hit at least $0.50 this cycle, signaling a possible market top. 🚀
Remember, always do your due diligence and trade responsibly. Stay informed and protect your investments! 💪
#bitcoin☀️ #Bitcoinarena #BitcoinBeliever
Bitcoin Warning: Prepare for a Bumpy Ride! Are you familiar with the trampoline effect? If not, you’re about to see it in action. Bitcoin seems to be hitting a trampoline, gearing up for more downward action. 📉 Why it raised today: According to BlockBeats, the BitVol index, launched by T3 Index in collaboration with LedgerX, saw a minor increase to 51.6 on June 16, marking a daily increase of 1.14%. The BitVol index measures the expected implied volatility derived from tradable Bitcoin options prices. Implied volatility represents market participants' views and expectations about future market volatility and is considered a close reflection of real volatility at that time. What’s Happening? Even though Bitcoin received some positive news today, with a slight rise, the recent price movements suggest a potential continuation of the downtrend. This “trampoline effect” refers to the phenomenon where a brief rebound or bounce in price is followed by a more significant drop. It can fool traders into thinking the market is recovering when it’s actually preparing for another fall. Current Trends: Recent data and market analysis indicate that Bitcoin might face further declines. While there may be some short-term bounces, the overall trend looks bearish. This is a critical time to keep your risk management strategies tight and stay vigilant. Key Points to Consider: Volatility Ahead: Expect more price swings. The market is unstable, and prices could fluctuate significantly.Bearish Signals: Technical indicators and market sentiment point towards a continued downward trend.Risk Management: Ensure your trading strategies include strict risk management practices. This is not the time to take unnecessary risks. My opinion: Alright, folks, here’s the deal: while there might be some short-lived upward movements, Bitcoin’s overall path looks bearish. This could be the market’s way of shaking out the weak hands before making any significant move. Personally, I’d wait for Bitcoin to hit stronger support levels rather than trading on these temporary fluctuations. Stay cautious, stay smart, and don’t get caught in the trap! Stay sharp out there! Follow and check my other important updates today! {spot}(BTCUSDT) #BitcoinTherapist #bitcoin☀️ #Bitcoin❗ #BitcoinBeliever

Bitcoin Warning: Prepare for a Bumpy Ride!

Are you familiar with the trampoline effect? If not, you’re about to see it in action.
Bitcoin seems to be hitting a trampoline, gearing up for more downward action. 📉

Why it raised today:
According to BlockBeats, the BitVol index, launched by T3 Index in collaboration with LedgerX, saw a minor increase to 51.6 on June 16, marking a daily increase of 1.14%.
The BitVol index measures the expected implied volatility derived from tradable Bitcoin options prices. Implied volatility represents market participants' views and expectations about future market volatility and is considered a close reflection of real volatility at that time.

What’s Happening?

Even though Bitcoin received some positive news today, with a slight rise, the recent price movements suggest a potential continuation of the downtrend.
This “trampoline effect” refers to the phenomenon where a brief rebound or bounce in price is followed by a more significant drop. It can fool traders into thinking the market is recovering when it’s actually preparing for another fall.

Current Trends:
Recent data and market analysis indicate that Bitcoin might face further declines. While there may be some short-term bounces, the overall trend looks bearish. This is a critical time to keep your risk management strategies tight and stay vigilant.
Key Points to Consider:
Volatility Ahead: Expect more price swings. The market is unstable, and prices could fluctuate significantly.Bearish Signals: Technical indicators and market sentiment point towards a continued downward trend.Risk Management: Ensure your trading strategies include strict risk management practices. This is not the time to take unnecessary risks.
My opinion:
Alright, folks, here’s the deal: while there might be some short-lived upward movements, Bitcoin’s overall path looks bearish. This could be the market’s way of shaking out the weak hands before making any significant move.
Personally, I’d wait for Bitcoin to hit stronger support levels rather than trading on these temporary fluctuations. Stay cautious, stay smart, and don’t get caught in the trap!

Stay sharp out there! Follow and check my other important updates today!

#BitcoinTherapist #bitcoin☀️ #Bitcoin❗ #BitcoinBeliever
$BTC Price Prediction for today As of Jul 12, 2024, the global cryptocurrency market cap is $1.12T with a -1.48% change in the last 24 hours. BTC's current price is $57,004.00, with a 24-hour trading volume of $28.57B. BTC is -1.74% in the last 24 hours, with a circulating supply of 19.72M BTC coins and a maximum supply of 21.00M BTC coins. BTC ranks 1 by market cap. It has a 24H high of $59,314.00 recorded on Jul 12, 2024, and its 24H low so far is $56,608.00, recorded on Jul 12, 2024. #Bitcoin❗ #BitcoinBeliever #bitcoinnewsupdate {spot}(BTCUSDT)
$BTC

Price Prediction for today

As of Jul 12, 2024, the global cryptocurrency market cap is $1.12T with a -1.48% change in the last 24 hours. BTC's current price is $57,004.00, with a 24-hour trading volume of $28.57B. BTC is -1.74% in the last 24 hours, with a circulating supply of 19.72M BTC coins and a maximum supply of 21.00M BTC coins. BTC ranks 1 by market cap. It has a 24H high of $59,314.00 recorded on Jul 12, 2024, and its 24H low so far is $56,608.00, recorded on Jul 12, 2024.
#Bitcoin❗ #BitcoinBeliever #bitcoinnewsupdate
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