Hello everyone, friends!
Well, the long-awaited cue ball halving took place on the night of April 20, as a result of which the block reward decreased from 6.25 BTC to 3.125 BTC. After the halving, the Runes protocol for fungible tokens was launched, after which fees on the Bitcoin network sharply increased and network congestion was noted.
Many crypto miners actively fought for the first block after halving, already at a reduced rate, since it contains the first Sat (the smallest bitcoin denomination 100M Satoshi = 1 BTC) after splitting in half. And these so-called epic Sats that follow the halving are seen as collectibles, with some mining company executives speculating that this single piece of bitcoin could be worth millions of dollars or many times the current price of the entire bitcoin.
Even here they are trying to create rarity and add value out of the blue, as they say)))
As we see on the chart, there are no impulse movements (as many expected).
And in principle, looking at the history of the cue ball after the three previous halvings, we should expect a sideways movement in the near future (within several months), possibly in the range of 10K-12K. I do not rule out the formation of a new flat pattern slightly lower in the 50k-60k zone, where the 200DMA 1D also acts as support, remaining within the descending local channel on 1D. Just in a few months, break the descending local structure and allow growth to cease. I cannot predict how much higher, but less than in previous cycles, taking into account the attenuation and decrease in the movement potential after each halving in history.
Ether is slowly growing along with the cue ball, but in relation to the cue ball itself, paired with it, it continues to decline and weaken. I have already said in previous reviews where I expect more powerful growth, analyzing the charts and taking into account the dominance of the cue ball, the capitalization of alts and the strength of ether with the cue ball. Locally, I expect an increase to $3300, to test the resistance of 200DMA 4H and 6H
