farhanfayyaz
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$DOGE
šššReal Time Technical Analysisš
#BullishMomentum
šLong entry near the support levels
(S1,S2 & S3)
šTake Profit at (R1,R2 & R3)
āØ(Set SL of ur choice incase BTC falls it may accompany the whole market)
š°š°Happy Trading , Stay Tuned ā°ā°
#Doge/usdt #BullRun #farhanfayyaz š
šššReal Time Technical Analysisš
#BullishMomentum
šLong entry near the support levels
(S1,S2 & S3)
šTake Profit at (R1,R2 & R3)
āØ(Set SL of ur choice incase BTC falls it may accompany the whole market)
š°š°Happy Trading , Stay Tuned ā°ā°
#Doge/usdt #BullRun #farhanfayyaz š
[The 2024 halving may usher in a new era for Bitcoin]
Bitcoin is expected to undergo its fourth halving event around April 19, 2024, marking an important turning point in the cryptocurrency world. Halvings, which occur every four years, will further limit the rate of supply of new Bitcoins until the total supply of 21 million is fully mined around 2140.
This supply halving is a deflationary strategy built into Bitcoinās design to maintain or increase its value through the laws of supply and demand as acceptance increases.
Historically, the price of Bitcoin has increased significantly after each halving. For example, Bitcoin prices surged 8,447% after the 2012 halving; 283% after the 2016 halving; and 527% after the 2020 halving. This suggests that while pre-halving price gains tend to moderate, Bitcoin prices are likely to reach new highs after each halving.
Although historical patterns offer an optimistic outlook, there is still uncertainty about the future direction of Bitcoin prices, but the halving event is undoubtedly an important moment for cryptocurrency investors to pay close attention to.
#Memecoins
$BTC $ETH $SOL #BullorBear #Memecoins #farhanfayyaz
Bitcoin is expected to undergo its fourth halving event around April 19, 2024, marking an important turning point in the cryptocurrency world. Halvings, which occur every four years, will further limit the rate of supply of new Bitcoins until the total supply of 21 million is fully mined around 2140.
This supply halving is a deflationary strategy built into Bitcoinās design to maintain or increase its value through the laws of supply and demand as acceptance increases.
Historically, the price of Bitcoin has increased significantly after each halving. For example, Bitcoin prices surged 8,447% after the 2012 halving; 283% after the 2016 halving; and 527% after the 2020 halving. This suggests that while pre-halving price gains tend to moderate, Bitcoin prices are likely to reach new highs after each halving.
Although historical patterns offer an optimistic outlook, there is still uncertainty about the future direction of Bitcoin prices, but the halving event is undoubtedly an important moment for cryptocurrency investors to pay close attention to.
#Memecoins
$BTC $ETH $SOL #BullorBear #Memecoins #farhanfayyaz
Bitcoin Steady Around $70,000, Dogecoin and Bitcoin Cash Surge Ahead of Halving Events
According to CoinDesk, Bitcoin (BTC) prices remained steady around the $70,000 level after a volatile week, with traders warning of a potential market-wide pullback if the cryptocurrency loses the $69,000 level in the coming days. Most major tokens posted slight losses, with Solana's SOL, XRP, and BNB Chain's BNB dropping as much as 2%, and Internet Computer's ICP falling 6%. FxPro senior market analyst Alex Kuptsikevich noted that the short-term focus for traders would be to see if Bitcoin can retest Tuesday's intra-day lows near $69.5K, as a break below this level could signal a more protracted correction.
Dogecoin (DOGE) saw the most gains among major tokens, with a 6% increase, taking the token over 21 cents for the first time since December 2021. Historic price action suggests the token is showing similar fractals that have preceded significant rallies. The CoinDesk 20, a broad-based liquid index of top tokens minus stablecoins, was down 1.4%. Meanwhile, Bitcoin Cash (BCH) surged 13% ahead of an expected halving event on April 4. The current block reward is 6.25 BCH, but after the next halving, it will be 3.125 BCH. Open interest on BCH-tracked futures more than doubled to $500 million on Thursday from $213 million last week, indicating an increase in levered bets on more expected price volatility.
Halving events occur when the reward for mining transactions is cut in half, reducing the rate at which new coins are created and thus lowering the available amount of new supply. Bitcoin's own halving is expected on April 20, and has historically preceded a bull market for the token.
#crypto #farhanfayyaz #marketupdate #cryptonews
According to CoinDesk, Bitcoin (BTC) prices remained steady around the $70,000 level after a volatile week, with traders warning of a potential market-wide pullback if the cryptocurrency loses the $69,000 level in the coming days. Most major tokens posted slight losses, with Solana's SOL, XRP, and BNB Chain's BNB dropping as much as 2%, and Internet Computer's ICP falling 6%. FxPro senior market analyst Alex Kuptsikevich noted that the short-term focus for traders would be to see if Bitcoin can retest Tuesday's intra-day lows near $69.5K, as a break below this level could signal a more protracted correction.
Dogecoin (DOGE) saw the most gains among major tokens, with a 6% increase, taking the token over 21 cents for the first time since December 2021. Historic price action suggests the token is showing similar fractals that have preceded significant rallies. The CoinDesk 20, a broad-based liquid index of top tokens minus stablecoins, was down 1.4%. Meanwhile, Bitcoin Cash (BCH) surged 13% ahead of an expected halving event on April 4. The current block reward is 6.25 BCH, but after the next halving, it will be 3.125 BCH. Open interest on BCH-tracked futures more than doubled to $500 million on Thursday from $213 million last week, indicating an increase in levered bets on more expected price volatility.
Halving events occur when the reward for mining transactions is cut in half, reducing the rate at which new coins are created and thus lowering the available amount of new supply. Bitcoin's own halving is expected on April 20, and has historically preceded a bull market for the token.
#crypto #farhanfayyaz #marketupdate #cryptonews
$BTC Analysis for long time
Good luck my followers see you all at 200k
more interaction more free signal and more updates .
Make sure you have a good risk management plan in place to protect your capital.
It's important to manage risk. large gain suggests that we have a good risk management plan.
#bitcoin #btc #farhanfayyaz #cryptonews
Good luck my followers see you all at 200k
more interaction more free signal and more updates .
Make sure you have a good risk management plan in place to protect your capital.
It's important to manage risk. large gain suggests that we have a good risk management plan.
#bitcoin #btc #farhanfayyaz #cryptonews
š DOGE PREDICTION š
I apologize for missing yesterday's $DOGE update, but if you were following me since last week, you're probably sitting on a pile of DOGE right now! Big gains, am I right?
Still holding? My prediction is that DOGE will hit 0.20-0.22 cents soon. Remember, this isn't financial advice, but if my analysis is on point, you might consider holding on a bit longer.
Feeling grateful for the DOGE gains? If my content has helped you consider leaving a tip!
#SHIB #DOGE #BTC #farhanfayyaz #cryptonews #marketupdate
I apologize for missing yesterday's $DOGE update, but if you were following me since last week, you're probably sitting on a pile of DOGE right now! Big gains, am I right?
Still holding? My prediction is that DOGE will hit 0.20-0.22 cents soon. Remember, this isn't financial advice, but if my analysis is on point, you might consider holding on a bit longer.
Feeling grateful for the DOGE gains? If my content has helped you consider leaving a tip!
#SHIB #DOGE #BTC #farhanfayyaz #cryptonews #marketupdate
Ethereum Slides Near Three Year Low Against Bitcoin Amid Crypto Market Pullback
Ethereum is struggling to maintain its 0.05 BTC price ratio ā a key technical support level since 2021.
Ethereum (ETH) is losing a key support level against its larger crypto rival, Bitcoin (BTC), amid a broader crypto market selloff that began on Monday.
Data from TradingView shows that 1 ETH is now worth less than 0.05 BTC, trading for 0.04961 BTC at writing time.
The last time the ETH/BTC ratio traded so low was in January, after a brief crypto market selloff after Bitcoin ETFs went live.
The last rare period at a similar ratio was when ETH skyrocketed in April 2021, after which it rallied up to 0.078 BTC within a little over a month.
The second-largest crypto asset has steadily lost ground to Bitcoin since mid-March, shortly before the latter tapped a new all-time high above $73,000 and corrected over the following weeks.
Both assets have been relatively rangebound ever since, while inflows to Bitcoin spot ETFs have slowed considerably.
Since Monday, Bitcoin has declined from $71,200 to $65,300, while Ethereum has tanked from $3,600 to $3,250.
Last week, Galaxy Digital Head of Research Alex Thorn predicted that ETH/BTC had not yet reached its yearly lows.
He cited the upcoming Bitcoin āhalvingā as a bullish catalyst for BTC, and potential Ethereum ETF denials as a bearish sign for the latter.
$ETH $BTC $BNB #Memecoins #BullorBear #farhanfayyaz #eth #btc
Ethereum is struggling to maintain its 0.05 BTC price ratio ā a key technical support level since 2021.
Ethereum (ETH) is losing a key support level against its larger crypto rival, Bitcoin (BTC), amid a broader crypto market selloff that began on Monday.
Data from TradingView shows that 1 ETH is now worth less than 0.05 BTC, trading for 0.04961 BTC at writing time.
The last time the ETH/BTC ratio traded so low was in January, after a brief crypto market selloff after Bitcoin ETFs went live.
The last rare period at a similar ratio was when ETH skyrocketed in April 2021, after which it rallied up to 0.078 BTC within a little over a month.
The second-largest crypto asset has steadily lost ground to Bitcoin since mid-March, shortly before the latter tapped a new all-time high above $73,000 and corrected over the following weeks.
Both assets have been relatively rangebound ever since, while inflows to Bitcoin spot ETFs have slowed considerably.
Since Monday, Bitcoin has declined from $71,200 to $65,300, while Ethereum has tanked from $3,600 to $3,250.
Last week, Galaxy Digital Head of Research Alex Thorn predicted that ETH/BTC had not yet reached its yearly lows.
He cited the upcoming Bitcoin āhalvingā as a bullish catalyst for BTC, and potential Ethereum ETF denials as a bearish sign for the latter.
$ETH $BTC $BNB #Memecoins #BullorBear #farhanfayyaz #eth #btc
Guys!!!
Important Update
All the long trades I post are for a longer period. It means you have to hold them. Most of them would take 2-5 days for maximum profits.
During this time, the trades will go up and down all the time.
If you can't hold it for a longer period of time, my suggestion is to avoid taking my signals.
I have always told you guys to use minimum leverage and minimum funds. But, I think some of the guys want to get rich in 1 day. It doesn't work like that.
I hope you guys understand that. If you think my signals are not giving you any profits, Then I'll consider stopping posting signals.
Have a great evening āØ
#cryptonews #farhanfayyaz #crypto
Important Update
All the long trades I post are for a longer period. It means you have to hold them. Most of them would take 2-5 days for maximum profits.
During this time, the trades will go up and down all the time.
If you can't hold it for a longer period of time, my suggestion is to avoid taking my signals.
I have always told you guys to use minimum leverage and minimum funds. But, I think some of the guys want to get rich in 1 day. It doesn't work like that.
I hope you guys understand that. If you think my signals are not giving you any profits, Then I'll consider stopping posting signals.
Have a great evening āØ
#cryptonews #farhanfayyaz #crypto
BNB today (as of March 29, 2024):
Price:
Current price: ~$586.85 USD (there might be slight variations depending on the exchange you use)
Change over the last 24 hours: +1.38% (up)
Market Performance:
Market cap: ~$87.76 Billion USD (ranking #4 on CoinGecko)
Trading volume over the last 24 hours: ~$2.26 Billion USD
Additional Information:
Circulating supply: 149.54 Million BNB
Max supply: 200 Million BNB (though some sources don't specify a max supply) #BNB" $BTC $ETH $BNB
#farhanfayyaz #cryptonews #marketupdate
Price:
Current price: ~$586.85 USD (there might be slight variations depending on the exchange you use)
Change over the last 24 hours: +1.38% (up)
Market Performance:
Market cap: ~$87.76 Billion USD (ranking #4 on CoinGecko)
Trading volume over the last 24 hours: ~$2.26 Billion USD
Additional Information:
Circulating supply: 149.54 Million BNB
Max supply: 200 Million BNB (though some sources don't specify a max supply) #BNB" $BTC $ETH $BNB
#farhanfayyaz #cryptonews #marketupdate
Bitcoin Miners Score Record Monthly Revenues At Over $2 Billion
Miners experienced one last record-breaking month of revenues before the halving, which will substantially cut their gains going forward.
The Bitcoin mining industry had its most lucrative month ever in March, pocketing over $2 billion for securing the leading crypto network.
Data from Blockchain.com shows that miners, in aggregate, averaged $65.23 million per day over the 30 days ending March 31.
Miners In Massive Profit
The latest figure shatters the 30-day averages of the previous two months, which were just $48.31 million as of February 29, and $43.29 million as of January 31.
Miner revenues are almost entirely dependent on Bitcoinās market price, since the number of newly mined coins remains mostly the same at any given time, irrespective of demand. Throughout March, Bitcoin consistently traded above $60,000 USD, topping an all-time high of over $73,000 on March 13.
The vast majority of miner rewards ā $1.93 billion ā came from Bitcoinās āblock subsidyā, which is the fixed reward of 6.25 BTC attached to each Bitcoin block. Another $85 million was generated through transaction fees, which can fluctuate wildly month over month based on network demand.
$BTC $ETH $BNB #Memecoins #BullorBear #farhanfayyaz
Miners experienced one last record-breaking month of revenues before the halving, which will substantially cut their gains going forward.
The Bitcoin mining industry had its most lucrative month ever in March, pocketing over $2 billion for securing the leading crypto network.
Data from Blockchain.com shows that miners, in aggregate, averaged $65.23 million per day over the 30 days ending March 31.
Miners In Massive Profit
The latest figure shatters the 30-day averages of the previous two months, which were just $48.31 million as of February 29, and $43.29 million as of January 31.
Miner revenues are almost entirely dependent on Bitcoinās market price, since the number of newly mined coins remains mostly the same at any given time, irrespective of demand. Throughout March, Bitcoin consistently traded above $60,000 USD, topping an all-time high of over $73,000 on March 13.
The vast majority of miner rewards ā $1.93 billion ā came from Bitcoinās āblock subsidyā, which is the fixed reward of 6.25 BTC attached to each Bitcoin block. Another $85 million was generated through transaction fees, which can fluctuate wildly month over month based on network demand.
$BTC $ETH $BNB #Memecoins #BullorBear #farhanfayyaz
SHORT Leverage: 20x
#DOGE/USDTš Ā LeverageĀ 20xĀ
Entry Zone: 0.2195 - 0.22479
Targets: 0.21756 - 0.21581 - 0.21296 - 0.21033 - 0.20157 - 0.19719 - 0.18623 - 0.17528
StopLoss: 0.23115
#doge #farhanfayyaz #cryptonews #signal
#DOGE/USDTš Ā LeverageĀ 20xĀ
Entry Zone: 0.2195 - 0.22479
Targets: 0.21756 - 0.21581 - 0.21296 - 0.21033 - 0.20157 - 0.19719 - 0.18623 - 0.17528
StopLoss: 0.23115
#doge #farhanfayyaz #cryptonews #signal
š„ Futures (Free Signal)
š“ SHORT
#ENS/USDT
šEntry zone : 22.757_22.311
Targets : 22.154_21.706_21.259_20.811_20.363_19.916_19.468_19.021
Stop loss :23.872
#ENS #crypto #farhanfayyaz
š“ SHORT
#ENS/USDT
šEntry zone : 22.757_22.311
Targets : 22.154_21.706_21.259_20.811_20.363_19.916_19.468_19.021
Stop loss :23.872
#ENS #crypto #farhanfayyaz
WARNINGā ļø
Altough Alts are Bouncing but volume is low.
This pump may not be able to sustain. So keep SL tight and leverage low.
Bitcoin Dominance is about to shoot indicating a slow move in Alts
#alts #crypto #farhanfayyaz
Altough Alts are Bouncing but volume is low.
This pump may not be able to sustain. So keep SL tight and leverage low.
Bitcoin Dominance is about to shoot indicating a slow move in Alts
#alts #crypto #farhanfayyaz
š Dogecoin (DOGE) is showing strength and seems determined to reach new yearly highs. Let's analyze some technical indicators that could explain the increase in its price today:
1. Imminent new yearly high: Buyers came in hard at the support at $0.13, and now the price is in a sustained uptrend, ready to test the key resistance at $0.21.
2. Buyers rushing towards key resistance: Sellers are absent and unable to stop this rally. DOGE seizes this opportunity and looks to break the $0.21 resistance.
3. Bullish MACD Crossover Confirmed: The daily MACD has crossed to the bullish side this week, indicating that this rally could be beginning.
Do you think DOGE will reach new highs? Comment below! š¬
#dogecoin #doge #farhanfayyaz #cryptonews
1. Imminent new yearly high: Buyers came in hard at the support at $0.13, and now the price is in a sustained uptrend, ready to test the key resistance at $0.21.
2. Buyers rushing towards key resistance: Sellers are absent and unable to stop this rally. DOGE seizes this opportunity and looks to break the $0.21 resistance.
3. Bullish MACD Crossover Confirmed: The daily MACD has crossed to the bullish side this week, indicating that this rally could be beginning.
Do you think DOGE will reach new highs? Comment below! š¬
#dogecoin #doge #farhanfayyaz #cryptonews
š„š° Don't Miss Out on These Three Coins Before Bitcoin Halving! š°š„
1. Bitcoin (BTC): As the pioneer of cryptocurrencies, Bitcoin is a cornerstone of any investment portfolio. With its rock-solid reputation and staggering market capitalization of $1.37 trillion, Bitcoin remains a steadfast choice for investors seeking stability amidst market fluctuations. With the upcoming halving event on the horizon, Bitcoin's demand is poised to soar, potentially leading to substantial price surges. šš¼
2. Solana (SOL): Positioned as a high-speed blockchain platform tailored for decentralized applications and financial projects, Solana is making waves in the crypto world. Despite a recent price dip, Solana's cutting-edge technology and burgeoning user base make it an enticing investment opportunity. Priced at $183.60, Solana holds promise as investors explore alternatives to Bitcoin. šš”
3. Shiba Inu (SHIB): From meme coin to serious contender, Shiba Inu has captured the attention of crypto enthusiasts worldwide. With its passionate community and growing popularity, SHIB could see significant gains surrounding the Bitcoin halving. Currently priced at $0.00003048, SHIB's recent positive momentum suggests bullish sentiment among investors. šš
With the Bitcoin halving event looming, investors and enthusiasts alike have a golden opportunity to capitalize on the crypto market's potential. However, remember to conduct thorough research and exercise caution when navigating the volatile world of cryptocurrencies. Always stay informed and invest responsibly! š”š
#BitcoinHalving #CryptoInvesting #Solana #ShibaInu #DYOR šš
Follow | Like ā¤ļø | Quote š | Comment
#crypto #cryptonews #farhanfayyaz #marketupdate
1. Bitcoin (BTC): As the pioneer of cryptocurrencies, Bitcoin is a cornerstone of any investment portfolio. With its rock-solid reputation and staggering market capitalization of $1.37 trillion, Bitcoin remains a steadfast choice for investors seeking stability amidst market fluctuations. With the upcoming halving event on the horizon, Bitcoin's demand is poised to soar, potentially leading to substantial price surges. šš¼
2. Solana (SOL): Positioned as a high-speed blockchain platform tailored for decentralized applications and financial projects, Solana is making waves in the crypto world. Despite a recent price dip, Solana's cutting-edge technology and burgeoning user base make it an enticing investment opportunity. Priced at $183.60, Solana holds promise as investors explore alternatives to Bitcoin. šš”
3. Shiba Inu (SHIB): From meme coin to serious contender, Shiba Inu has captured the attention of crypto enthusiasts worldwide. With its passionate community and growing popularity, SHIB could see significant gains surrounding the Bitcoin halving. Currently priced at $0.00003048, SHIB's recent positive momentum suggests bullish sentiment among investors. šš
With the Bitcoin halving event looming, investors and enthusiasts alike have a golden opportunity to capitalize on the crypto market's potential. However, remember to conduct thorough research and exercise caution when navigating the volatile world of cryptocurrencies. Always stay informed and invest responsibly! š”š
#BitcoinHalving #CryptoInvesting #Solana #ShibaInu #DYOR šš
Follow | Like ā¤ļø | Quote š | Comment
#crypto #cryptonews #farhanfayyaz #marketupdate
#BTC Market Update:
Today's morning, Bitcoin broke out of a pattern called the bull flag, which it had been forming for the past few days. The price also reached $71,000 according to DM VAH.
This $71,000 level, along with the high on Monday at $71,200, is still a strong resistance. In fact, we haven't even seen a one-hour candle close above Monday's high all week. I'm keeping our current long positions and waiting for a retest or clear acceptance above Monday's high. Once that happens, we can aim for a move towards the all-time high.
Follow for More
Disclaimer: Includes third-party opinions. No financial advice.Ā See T&Cs.
#btc #cryptonews #farhanfayyaz #marketupdate
Today's morning, Bitcoin broke out of a pattern called the bull flag, which it had been forming for the past few days. The price also reached $71,000 according to DM VAH.
This $71,000 level, along with the high on Monday at $71,200, is still a strong resistance. In fact, we haven't even seen a one-hour candle close above Monday's high all week. I'm keeping our current long positions and waiting for a retest or clear acceptance above Monday's high. Once that happens, we can aim for a move towards the all-time high.
Follow for More
Disclaimer: Includes third-party opinions. No financial advice.Ā See T&Cs.
#btc #cryptonews #farhanfayyaz #marketupdate
Bitcoin Long and Short Liquidation Status š¦š¦
ā ļø If Bitcoin reaches $ 72,000, short transactions worth approximately $ 3.5 billion will be liquidated.
But;
ā ļø If Bitcoin pulls back to $58,000, only $1.7 billion will be long transactions.
In this case, which region do you think was targeted first?
$BTC #Memecoins #BullorBear #farhanfayyaz #btc #bitcoin
ā ļø If Bitcoin reaches $ 72,000, short transactions worth approximately $ 3.5 billion will be liquidated.
But;
ā ļø If Bitcoin pulls back to $58,000, only $1.7 billion will be long transactions.
In this case, which region do you think was targeted first?
$BTC #Memecoins #BullorBear #farhanfayyaz #btc #bitcoin
$BTC SET-UP LONG TERM
In a long run ššØ we will witness #btc make a Retracement down to $47500
If the #BullRun! continues, there will be a consolidation of prices to form another #BULL-RUN back to $90,000k
But if the Bears hit again
We will continue see price declination as follows
Like, Retweet & Share
#BullorBear #Memecoins #SHIB #farhanfayyaz #btc #bitcoin
In a long run ššØ we will witness #btc make a Retracement down to $47500
If the #BullRun! continues, there will be a consolidation of prices to form another #BULL-RUN back to $90,000k
But if the Bears hit again
We will continue see price declination as follows
Like, Retweet & Share
#BullorBear #Memecoins #SHIB #farhanfayyaz #btc #bitcoin
BITCOIN IS PUMPING AGAIN š
Alts are also giving good pump with btc. The market is now sustaining a good position.. If btc daily closing above 68.5k then market will give a massive pump. if 70k breaks and sustains 70k area then new ath is confirmed.
And if the market goes below 65k for some reason then it will bounce back to the 60k range.I hope market will not go below 65k now. It will sustain here for a few days.
The halving is only 2 weeks away so now market will range. There will be volatility in the market. But market is super bullish. The market will not give you buying opportunities again and again.
I draw the chart in the previous market update. The market is reacting in a similar way. If you open the weekly chart, you will understand how bullish the market is.
I repeat again don't panic sell. Try to understand the market.
$BTC #BullorBear #farhanfayyaz
Alts are also giving good pump with btc. The market is now sustaining a good position.. If btc daily closing above 68.5k then market will give a massive pump. if 70k breaks and sustains 70k area then new ath is confirmed.
And if the market goes below 65k for some reason then it will bounce back to the 60k range.I hope market will not go below 65k now. It will sustain here for a few days.
The halving is only 2 weeks away so now market will range. There will be volatility in the market. But market is super bullish. The market will not give you buying opportunities again and again.
I draw the chart in the previous market update. The market is reacting in a similar way. If you open the weekly chart, you will understand how bullish the market is.
I repeat again don't panic sell. Try to understand the market.
$BTC #BullorBear #farhanfayyaz
Historical Bitcoin's Dramatic Seen:
- 2015 =$BTC reached $280
- 2016 = Surged to $670
- 2017 = Skyrocketed to $2590
- 2018 = Climbed to $6390
- 2019 = Peaked at $7790
- 2020 = Hit $8720
- 2021 = Massive jump to $49690
- 2022 = Dropped slightly to $38520
- 2023 = Decreased to $27270
- 2024 = Soared to $69350
$BTC $ETH #cpi #bitcoinhalving #BullorBear #farhanfayyaz
- 2015 =$BTC reached $280
- 2016 = Surged to $670
- 2017 = Skyrocketed to $2590
- 2018 = Climbed to $6390
- 2019 = Peaked at $7790
- 2020 = Hit $8720
- 2021 = Massive jump to $49690
- 2022 = Dropped slightly to $38520
- 2023 = Decreased to $27270
- 2024 = Soared to $69350
$BTC $ETH #cpi #bitcoinhalving #BullorBear #farhanfayyaz
These Bitcoin Fundamentals Remain Bullish Despite Todayās Crash Below $65K
Hereās what could drive BTCās value up later this month.
TL;DR
Bitcoin has seen a significant price dip, dropping to almost $65,100.
Despite the recent downturn, there are underlying factors poised to drive a positive turnaround in the assetās market performance.
Abandoning Exchanges
The price of the primary cryptocurrency has experienced a significant correction in the past several hours, dropping to as low as $65,100. Despite being down 7% on a weekly scale (per CoinGeckoās data), some essential factors hint the trend may not last long.
One such element worth observing is Bitcoinās exchange netflow. According to CryptoQuant, the indicator has been predominantly in negative territory in the past seven days, charting two massive red candles. Shifting from exchanges toward self-custody methods is considered bullish since it reduces the immediate selling pressure.
The BTC Halving
Perhaps the most obvious factor that could contribute to a new BTC price resurgence is the halving scheduled for the end of April. The event, which occurs approximately every four years or when 210,000 blocks are mined on the network, cuts the rewards distributed to miners in half.
This reduces the rate at which new BTC is produced and released into circulation, making the asset scarcer and potentially more valuable in time. The halving will repeat numerous times for more than a century in the future until the maximum supply of 21 million BTC is reached.
$BTC $ETH $BNB #Memecoins #BullorBear #farhanfayyaz #btc #bitcoin
Hereās what could drive BTCās value up later this month.
TL;DR
Bitcoin has seen a significant price dip, dropping to almost $65,100.
Despite the recent downturn, there are underlying factors poised to drive a positive turnaround in the assetās market performance.
Abandoning Exchanges
The price of the primary cryptocurrency has experienced a significant correction in the past several hours, dropping to as low as $65,100. Despite being down 7% on a weekly scale (per CoinGeckoās data), some essential factors hint the trend may not last long.
One such element worth observing is Bitcoinās exchange netflow. According to CryptoQuant, the indicator has been predominantly in negative territory in the past seven days, charting two massive red candles. Shifting from exchanges toward self-custody methods is considered bullish since it reduces the immediate selling pressure.
The BTC Halving
Perhaps the most obvious factor that could contribute to a new BTC price resurgence is the halving scheduled for the end of April. The event, which occurs approximately every four years or when 210,000 blocks are mined on the network, cuts the rewards distributed to miners in half.
This reduces the rate at which new BTC is produced and released into circulation, making the asset scarcer and potentially more valuable in time. The halving will repeat numerous times for more than a century in the future until the maximum supply of 21 million BTC is reached.
$BTC $ETH $BNB #Memecoins #BullorBear #farhanfayyaz #btc #bitcoin
