The biggest reason for optimism is Bitcoin's price performance after the previous halving events that took place in 2012, 2016, and 2020. In each case, Bitcoin skyrocketed to a much higher price, setting a new all-time high in the process. By the time the 2020 halving cycle was over, Bitcoin had soared to a then-all-time high of $69,000.
As alluring as cryptocurrencies can be, they are risky. While the blockchain technology powering these assets is innovative and holds the potential to transform finance as we know it, their role in the future remains ambiguous and borderline obscure.
Yet, there is one cryptocurrency with a proven role that provides investors with the safest exposure to the best the cryptocurrency market has to offer. Here's why I'm buying Bitcoin (CRYPTO: BTC) like there is no tomorrow.
$BTC Bitcoin is displaying signs of improvement since this morning, yet it needs to breach the $69,000 mark again to confirm upward momentum. The main support base (MSB) continues to hold as long as Bitcoin stays above $65,000, setting sights on a possible higher high at $72,000 and a higher low at $67,000. Currently, the focus is shifting towards strong-performing altcoins. #bitcoin #crypto #btc70k #BinanceSquareFamily