Bitcoin is breaking out of the falling wedge pattern. Wait for the candle to close above the trendline for confirmation. This breakout is bullish for BTC and we may see some upward movement next week. DYOR and trade safely #BinanceSquare #trading #BTC
Bitcoin is breaking out of the falling wedge pattern. Wait for the candle to close above the trendline for confirmation. This breakout is bullish for BTC and we may see some upward movement next week. DYOR and trade safely #BinanceSquare #trading #BTC
Binance will support the #Klaytn ($KLAY) network upgrade and hard fork.
This will take place at the block height of 135,456,000, or approximately at 2023-10-16 01:00 (UTC).
Deposits and withdrawals of token(s) on the aforementioned network will be suspended approximately starting from 2023-10-16 00:00 (UTC).
Please note:
The trading of token(s) on the aforementioned network will not be impacted.
Binance will handle all technical requirements involved for all users.
Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail
#Binance #Bitcoin #DYK What is a block halving? A block halving is a process of reducing the rate at which new cryptocurrency units are generated. Specifically, it refers to the periodical halving events that decrease the block rewards provided to miners.
Why are halvings significant? Halvings are at the core of the cryptocurrency economic models because they ensure coins will be issued at a steady pace, following a predictable decaying rate. Such a controlled rate of monetary inflation is one of the main differences between cryptocurrencies and traditional fiat currencies, which essentially have an infinite supply.
How many Bitcoin halvings have there been previously? As of July 2019, there have only been two previous Bitcoin halving events. These occurred on the 28th of November, 2012 and the 9th of July, 2016. At the time of the first halving event, the price of Bitcoin was $12.31 and at the time of the second halving event, the price of Bitcoin was $650.63.
There will only ever be 32 bitcoin halving events. Once all of these have occurred, there will be no more halvings and there will also be no more Bitcoin created as the maximum supply will have been reached.
The price is rejected from the major resistance area. The support on the daily chart is $0.38-$0.44 area and we may see a test of this zone in the coming days. Wait for sometime for new entries.
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Long-term #BTC (#Bitcoin ) investors are accumulating around 50,000 coins ($1.35 billion) per month.
The total number of BTC held by long-term holders has reached a new all-time high - 14,859 #BTC, accounting for 76% of the cryptocurrency's circulating supply.