Bitcoin Enters âDanger Zoneâ as Halving Approaches
Historical Pre-Halving Retraces According to Rekt Capital, Bitcoin has experienced notable pre-halving retraces in the past. In 2020, the retrace was -20% deep, while in 2016, it was even more pronounced at -40%. Currently, Bitcoin is just 30 days away from the upcoming halving and has already pulled back -11% this week. As the market anticipates the halving, which is expected to reduce the block reward and potentially impact Bitcoinâs supply dynamics, investors and traders are closely monitoring the cryptocurrencyâs price action for any signs of a more substantial retrace.
According to Rekt Capital, Bitcoin has experienced notable pre-halving retraces in the past. In 2020, the retrace was -20% deep, while in 2016, it was even more pronounced at -40%. Currently, Bitcoin is just 30 days away from the upcoming halving and has already pulled back -11% this week.
As the market anticipates the halving, which is expected to reduce the block reward and potentially impact Bitcoinâs supply dynamics, investors and traders are closely monitoring the cryptocurrencyâs price action for any signs of a more substantial retrace#btc $BTC
What are the 14 best cryptocurrencies to buy now for gains in 2024?
In no particular order except 1â3, because Iâll be honest with you. Memes are the ones doing it right now. ALT season is approaching. This is no time to sleep on them. Then I have to provide you with more than 10 so you see the ones with utilities that suit your individual. Note that the majority will do a 100x, so bookmark this post. Claim Free 3 FDUSDđž 1. Bitcoin, but youâre too late. This is now for institutional investors.#BTC 2.ETH#ETH 3. LINK#LINK.
4.$GFAL: A token linked to the gaming industry, potentially used for in-game purchases, rewards, or other gaming-related activities. 5.$VRA: Used in the gaming and AI sectors, potentially for in-game purchases, rewards, or AI-driven applications. 6.$BROCK: Known for lightning-fast transactions and minimal fees. Expected to surpass $OP, $ARB, and $MATIC. 7.$KUJI: A DeFi (Decentralized Finance) token, employed for various financial services and products in the decentralized space. 8.$KAS: is part of the BlockDAG ecosystem, serving transactions and interactions within this specific blockchain technology. 9.$CHNG: Connected with decentralized exchanges (DEX), used for trading and other activities within the decentralized finance realm. 10.$RIO: Linked to Real World Assets commonly used for tokenizing and trading real-world assets on the blockchain. 11.$TAO: A token with applications in the field of artificial intelligence (AI), potentially used for AI-related projects, services, or data transact
đ Binance to List Book of Meme (BOME) with Seed Tag Applied !
Binance to List Book of Meme (BOME) and Open Trading for BOME/BTC, BOME/USDT, BOME/FDUSD, and BOME/TRY Spot Trading Pairs on March 16, 2024, at 12:30 (UTC).#BOME $BOME
â¶ïž Check More Details Here: https://www.binance.com/en/support/articles/bca0f355cf004367b90d7e48fee3470c
đđžBTC is depleting now, I'm hoping that Market Makers have done their JOB. $500+M already washed out from buyers accounts ... if its market manipulation then market is recovering back so quickly because now leverage is on SELL side there is no benefit to dump #BTC anymore as only $3-5m OI is until $59k but on the opposite side hafty $2-$4b to liquidate from seller ... let's see how the price plays out .. I believe market would not crash further but mere think karne se kia hota hai?đ#BTC $BTC