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Price of Bitcoin 1 year later after each Halving 🚩
𝟐𝟎𝟏𝟐 🗓️
#BTC price on Halving: $182
1 year later: $510
Get your FREE Crypto Daily
𝟐𝟎𝟏𝟔 🗓️
BTC price on Halving: $661
1 year later: $2,600
𝟐𝟎𝟐𝟎 🗓️
BTC price on Halving: $6,600
1 Year later: $58,000
2024 🗓️
BTC price on Halving: ... .. .. ..
1 Year later: .. .. .. ..
What do you guys think #Bitcoin price be on having and a year later???? 👇👇
❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE
⌨️ COMMENT
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#BTC #halving #TrendingTopic #Write2Earn $FET $FIL $SYN
𝟐𝟎𝟏𝟐 🗓️
#BTC price on Halving: $182
1 year later: $510
Get your FREE Crypto Daily
𝟐𝟎𝟏𝟔 🗓️
BTC price on Halving: $661
1 year later: $2,600
𝟐𝟎𝟐𝟎 🗓️
BTC price on Halving: $6,600
1 Year later: $58,000
2024 🗓️
BTC price on Halving: ... .. .. ..
1 Year later: .. .. .. ..
What do you guys think #Bitcoin price be on having and a year later???? 👇👇
❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE
⌨️ COMMENT
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#BTC #halving #TrendingTopic #Write2Earn $FET $FIL $SYN
THE 2024 BITCOIN HALVING: A BTC VALUE BOOM OR A SURVIVAL CRISIS FOR MINERS?
With 2024 already underway, the anticipation in crypto circles is hitting a fever pitch as everyone braces for Bitcoin's halving – an event that could reshape its market landscape. It deserves to be looked into as historically this event sparked transformative waves across the crypto scene. Knowing what we've learned from previous halvings, we're set to steer ahead with a keen eye, making sure our moves are shaped by those insights. But is this upcoming halving any different? Let’s figure it out.
Bitcoin design is all about making BTC less and less available over time, keeping inflation in check. There’s a set cap of 21 million Bitcoins to ever exist, and we’ve already hit the 19.62 million mark. The scarcity of Bitcoin, with its strictly limited release into the market, is a major reason why people call it “digital gold” – as both these assets have that "hard to come by" quality.
Thinking of the Bitcoin blockchain as a ticking clock, we can see that halving occurs every 210,000 blocks, or about every four years, with the reward for mining new blocks getting chopped in half. It’s been this way since Bitcoin’s kick-off in 2009, starting at 50 BTC per block and heading down to 3.125 BTC in 2024.
The Stock-to-Flow ratio, which compares existing supply to new coins coming in, shows Bitcoin is about to get rarer than a platinum album. By 2032, after the 2024 and 2030 halvings, Bitcoin’s scarcity will soar, so it will be even more of a gem than gold.
Post the 2012 halving, just 100 days later, the market cap exploded by 342%. Even more impressive, the peak price hit a staggering $1,152 the next year, an 8,761% leap. Flash forward to 2016: rewards halved from 25 to 12.5 BTC, and the price soared to $17,760 the following year, a 2,572% jump. The most recent halving in 2020 saw the reward drop to 6.25 BTC, and Bitcoin's price didn't disappoint, hitting $67,549 the next year, marking a solid 594% growth.
#Write2Earn #TrendingTopic #BTC #BullishRise #ETH
$BTC $ETH $BNB
With 2024 already underway, the anticipation in crypto circles is hitting a fever pitch as everyone braces for Bitcoin's halving – an event that could reshape its market landscape. It deserves to be looked into as historically this event sparked transformative waves across the crypto scene. Knowing what we've learned from previous halvings, we're set to steer ahead with a keen eye, making sure our moves are shaped by those insights. But is this upcoming halving any different? Let’s figure it out.
Bitcoin design is all about making BTC less and less available over time, keeping inflation in check. There’s a set cap of 21 million Bitcoins to ever exist, and we’ve already hit the 19.62 million mark. The scarcity of Bitcoin, with its strictly limited release into the market, is a major reason why people call it “digital gold” – as both these assets have that "hard to come by" quality.
Thinking of the Bitcoin blockchain as a ticking clock, we can see that halving occurs every 210,000 blocks, or about every four years, with the reward for mining new blocks getting chopped in half. It’s been this way since Bitcoin’s kick-off in 2009, starting at 50 BTC per block and heading down to 3.125 BTC in 2024.
The Stock-to-Flow ratio, which compares existing supply to new coins coming in, shows Bitcoin is about to get rarer than a platinum album. By 2032, after the 2024 and 2030 halvings, Bitcoin’s scarcity will soar, so it will be even more of a gem than gold.
Post the 2012 halving, just 100 days later, the market cap exploded by 342%. Even more impressive, the peak price hit a staggering $1,152 the next year, an 8,761% leap. Flash forward to 2016: rewards halved from 25 to 12.5 BTC, and the price soared to $17,760 the following year, a 2,572% jump. The most recent halving in 2020 saw the reward drop to 6.25 BTC, and Bitcoin's price didn't disappoint, hitting $67,549 the next year, marking a solid 594% growth.
#Write2Earn #TrendingTopic #BTC #BullishRise #ETH
$BTC $ETH $BNB
How to Make $100 a Day Trading Crypto ? 🤔
I have been trading crypto currencies on Binance for a few months now.
As a beginner, I can tell you that it has been a roller coaster of super crazy highs and even more super crazy lows. I have watched some crypto pairs rise 11,000%, 800%, 200%, and even 5% on some days.
At times I have managed to multiply my money 400% in a week and then proceeded to lose all these gains the next because of the high volatility of cryptos.
I am not a major crypto hodler simply because I cannot afford to. I do not have extra money that I can put there to sit around as I wait months or years even for it to rise and for me to watch it go through these crazy highs and lows. Money is super tight especially in the second year of a global pandemic. And I need my money to be circulating in and out of a venture for it to best benefit me and my situation right now.
For these reasons, I needed a strategy that could best suit me. And after some experience, I came up with this one.
I trade my crypto on Binance. After a few months of interacting with the platform, I noticed that at least 50 different trading pairs manage a 10 - 20% rise daily. Some even go to crazy highs of 800% in one day on some occasions! Some selected few manage 100% rises while others do between 40% and 80%.
My focus at this point is usually on the ones that rise 10 -20 % daily as they are the regular occurrences and the purpose of this story. This strategy applies only to spot trading.
The strategy
If you put in $1000 on Binance and track a 10% rise on one pair, you will have made $100. Repeat this every day and you will be making $100 a day, every single day.#Write2Earn #FET #TrendingTopic #WLD
$BTC $ETH $BNB
I have been trading crypto currencies on Binance for a few months now.
As a beginner, I can tell you that it has been a roller coaster of super crazy highs and even more super crazy lows. I have watched some crypto pairs rise 11,000%, 800%, 200%, and even 5% on some days.
At times I have managed to multiply my money 400% in a week and then proceeded to lose all these gains the next because of the high volatility of cryptos.
I am not a major crypto hodler simply because I cannot afford to. I do not have extra money that I can put there to sit around as I wait months or years even for it to rise and for me to watch it go through these crazy highs and lows. Money is super tight especially in the second year of a global pandemic. And I need my money to be circulating in and out of a venture for it to best benefit me and my situation right now.
For these reasons, I needed a strategy that could best suit me. And after some experience, I came up with this one.
I trade my crypto on Binance. After a few months of interacting with the platform, I noticed that at least 50 different trading pairs manage a 10 - 20% rise daily. Some even go to crazy highs of 800% in one day on some occasions! Some selected few manage 100% rises while others do between 40% and 80%.
My focus at this point is usually on the ones that rise 10 -20 % daily as they are the regular occurrences and the purpose of this story. This strategy applies only to spot trading.
The strategy
If you put in $1000 on Binance and track a 10% rise on one pair, you will have made $100. Repeat this every day and you will be making $100 a day, every single day.#Write2Earn #FET #TrendingTopic #WLD
$BTC $ETH $BNB
How Much was 1 Bitcoin Worth in 2009?
In the very early days of Bitcoin, there were no exchanges that look anything like the offerings today. But there was at least one exchange established in the first year since Bitcoin's inception.
The BitcoinTalk forum went online in late 2009 and soon enough one regular proposed the idea of an exchange where people could buy and sell Bitcoins for fiat currency. Keep in mind that this was when the block reward was 50 BTC and there were very few people mining.
The BitcoinTalk forum member New Liberty Standard set up New Liberty Standard Exchange, and another forum user - Sirius - sent him 5050 BTC in exchange for $5.02 through PayPal. This puts the first recorded price at which Bitcoin exchanged hands at $0.00099/BTC.
What happened to 1,700 BTC belonging to Greg Schoen? If he had still stored it, he would already have been a millionaire Instead he sold it, ad will always remember it the rest of his life lm
#Write2Earn #TrendigTopic #BTC
$BTC $ETH $BNB
In the very early days of Bitcoin, there were no exchanges that look anything like the offerings today. But there was at least one exchange established in the first year since Bitcoin's inception.
The BitcoinTalk forum went online in late 2009 and soon enough one regular proposed the idea of an exchange where people could buy and sell Bitcoins for fiat currency. Keep in mind that this was when the block reward was 50 BTC and there were very few people mining.
The BitcoinTalk forum member New Liberty Standard set up New Liberty Standard Exchange, and another forum user - Sirius - sent him 5050 BTC in exchange for $5.02 through PayPal. This puts the first recorded price at which Bitcoin exchanged hands at $0.00099/BTC.
What happened to 1,700 BTC belonging to Greg Schoen? If he had still stored it, he would already have been a millionaire Instead he sold it, ad will always remember it the rest of his life lm
#Write2Earn #TrendigTopic #BTC
$BTC $ETH $BNB
***Trading Tips***
5 Reasons why you lose every trade!‼️🎯
Never repeat these mistakes again...
For years, you have dedicated yourself to learn trading & various strategies to improve yourself. Despite all the videos, blogs, articles & all the hardwork you still face losses. Here are some points to minimize your losses & gain Profits:
◼️Do not use multiple strategies across your trades, Using a single strategy across all trades for the day gives you a high winning rate.
◼️ Even with a strategy,always use the basic steps to re-analayze the chart before entering. Crosschecking the chart with the basic support & resistance ,Candle patterns,EMA,RSI chart,FVG to help you increase the probability of winning trades.
◼️Limit the number of trades per day. Do not take unlimited number of trades during your day, limit the trades to 4 or 6, This reduces the risk of losses, always use proper TP & SL to minimise the risks.
◼️Always use a good RR(Risk to reward) ratio, use RR ratio between (2-3),this way even if you lose 4 out of 6 trades, you won't lose a single $.
◼️Never go against the trend ,make sure you always trade along with the trend. Long trends are usually stronger than any short trends, Trading with the trend gives you more winning trades.
◼️Always risk only 1 % of your total balance per trade, For example , if you have 1000 $ ,risk only 10 $ per trade, this way you will avoid the risk of huge losses if you are still in the testing/learning process.
◼️Always backtest your strategies multiple times before using it in real time ,use low amounts initially ,"DO NOT REVENGE TRADE" even in case of loss, always stick to your strategy ,even if you have a loss for the day, after 4 or 6 trade ,just stop for the day and wait for the next day, it is perfectly normal to have losses, Learn to accept losses & learn from your mistakes.
#TrendingTopic #Write2Earn #RiskManagement #FET #FIL
$MATIC $ARB $FIL
5 Reasons why you lose every trade!‼️🎯
Never repeat these mistakes again...
For years, you have dedicated yourself to learn trading & various strategies to improve yourself. Despite all the videos, blogs, articles & all the hardwork you still face losses. Here are some points to minimize your losses & gain Profits:
◼️Do not use multiple strategies across your trades, Using a single strategy across all trades for the day gives you a high winning rate.
◼️ Even with a strategy,always use the basic steps to re-analayze the chart before entering. Crosschecking the chart with the basic support & resistance ,Candle patterns,EMA,RSI chart,FVG to help you increase the probability of winning trades.
◼️Limit the number of trades per day. Do not take unlimited number of trades during your day, limit the trades to 4 or 6, This reduces the risk of losses, always use proper TP & SL to minimise the risks.
◼️Always use a good RR(Risk to reward) ratio, use RR ratio between (2-3),this way even if you lose 4 out of 6 trades, you won't lose a single $.
◼️Never go against the trend ,make sure you always trade along with the trend. Long trends are usually stronger than any short trends, Trading with the trend gives you more winning trades.
◼️Always risk only 1 % of your total balance per trade, For example , if you have 1000 $ ,risk only 10 $ per trade, this way you will avoid the risk of huge losses if you are still in the testing/learning process.
◼️Always backtest your strategies multiple times before using it in real time ,use low amounts initially ,"DO NOT REVENGE TRADE" even in case of loss, always stick to your strategy ,even if you have a loss for the day, after 4 or 6 trade ,just stop for the day and wait for the next day, it is perfectly normal to have losses, Learn to accept losses & learn from your mistakes.
#TrendingTopic #Write2Earn #RiskManagement #FET #FIL
$MATIC $ARB $FIL
$FIL is going to make a Massive breakout Bullish rally.
Overall trend is Up and Moving with whole Crypto Market Possible Targets for coming weeks.
The 1st Resistance Test will be Around $9.4 area. Second Resistance will be Around $16.5 Area.
Final Resistance will be at least around $23.5 Area. These targets are expecting for mid-term. But there is high chance to get $60 Area ver$y easy.
💼 Fill your bags now if you haven't already! It's not too late to join the party and ride the wave to profits. 💰
🙌 Thank me later. Don't miss out on this opportunity! 🌟
❤if you find this information helpful, consider supporting me through the Binance Tipping feature. Your generosity helps me provide quality content. thanks 🙏 #Write2Earn #FIL #Filecoin #FILUSDT #filestorage
$PIXEL $AR
Overall trend is Up and Moving with whole Crypto Market Possible Targets for coming weeks.
The 1st Resistance Test will be Around $9.4 area. Second Resistance will be Around $16.5 Area.
Final Resistance will be at least around $23.5 Area. These targets are expecting for mid-term. But there is high chance to get $60 Area ver$y easy.
💼 Fill your bags now if you haven't already! It's not too late to join the party and ride the wave to profits. 💰
🙌 Thank me later. Don't miss out on this opportunity! 🌟
❤if you find this information helpful, consider supporting me through the Binance Tipping feature. Your generosity helps me provide quality content. thanks 🙏 #Write2Earn #FIL #Filecoin #FILUSDT #filestorage
$PIXEL $AR
Crypto.News
Bitcoin sees $1.6b disappears from exchanges; here’s what it means for BTC’s price
BTC price peaked at $52,858 on Feb. 15, bringing its monthly gains to 24.3%, an unusual trend in Bitcoin exchange flows suggests more dramatic action could follow.
Bitcoin price has entered a new 2024 peak in the last four days, dating back to Feb. 12.
Investors shifted $1.6 billion in Bitcoin into long-term storage
Thanks to heightened buying pressure from investors piling funds into the newly launched spot ETFs, Bitcoin has added $200 billion to its market capitalization within the first half of February.
However, looking beyond the flashy headlines and record-breaking fund inflows, critical on-chain data trends suggest the rally may be far from over.
CryptoQuant’s exchange reserves metric tracks real-time changes in the number of BTC coins currently deposited on crypto exchanges and trading platforms.
As depicted in the chart, Bitcoin exchange reserves stood at 2.1 million BTC on Jan. 25. But that figure has now declined by 31,255 BTC to hit just over 2 million BTC when writing on Feb. 15.
Valued at the current price of $52,000, this implies that $1.6 billion worth of BTC has disappeared from exchanges as investors increasingly opt for long-term storage.
Essentially, such a massive decline in exchange reserves means a lot less supply of BTC is now available to be traded on exchanges. Albeit temporary, this often positively impacts short-term price action for several reasons.
Firstly, it signals that most investors are angling for future gains rather than loading up their exchange wallets in hopes of exploring short-term selling opportunities at current peak prices.
More importantly, the relative scarcity created by the dwindling market supply leads to an accelerated price upswing with every new wave of demand. With Bitcoin ETF sponsors on a buying spree, this bullish catalyst will likely drive BTC price toward the $60,000 milestone in the days ahead.
#AXSUSTD #FIL/USDT #RUNE/USDT #Write2Earn #MATIC/USDT
$BTC $SOL $ETH
Bitcoin sees $1.6b disappears from exchanges; here’s what it means for BTC’s price
BTC price peaked at $52,858 on Feb. 15, bringing its monthly gains to 24.3%, an unusual trend in Bitcoin exchange flows suggests more dramatic action could follow.
Bitcoin price has entered a new 2024 peak in the last four days, dating back to Feb. 12.
Investors shifted $1.6 billion in Bitcoin into long-term storage
Thanks to heightened buying pressure from investors piling funds into the newly launched spot ETFs, Bitcoin has added $200 billion to its market capitalization within the first half of February.
However, looking beyond the flashy headlines and record-breaking fund inflows, critical on-chain data trends suggest the rally may be far from over.
CryptoQuant’s exchange reserves metric tracks real-time changes in the number of BTC coins currently deposited on crypto exchanges and trading platforms.
As depicted in the chart, Bitcoin exchange reserves stood at 2.1 million BTC on Jan. 25. But that figure has now declined by 31,255 BTC to hit just over 2 million BTC when writing on Feb. 15.
Valued at the current price of $52,000, this implies that $1.6 billion worth of BTC has disappeared from exchanges as investors increasingly opt for long-term storage.
Essentially, such a massive decline in exchange reserves means a lot less supply of BTC is now available to be traded on exchanges. Albeit temporary, this often positively impacts short-term price action for several reasons.
Firstly, it signals that most investors are angling for future gains rather than loading up their exchange wallets in hopes of exploring short-term selling opportunities at current peak prices.
More importantly, the relative scarcity created by the dwindling market supply leads to an accelerated price upswing with every new wave of demand. With Bitcoin ETF sponsors on a buying spree, this bullish catalyst will likely drive BTC price toward the $60,000 milestone in the days ahead.
#AXSUSTD #FIL/USDT #RUNE/USDT #Write2Earn #MATIC/USDT
$BTC $SOL $ETH
CONFUSED WHILE INVESTING IN CRYPTO
1. **Ethereum ( #ETH )**: Ethereum is more than just a cryptocurrency; it's a decentralized platform that enables smart contracts and decentralized applications (DApps) to be built and operated without any downtime, fraud, control, or interference from a third party.
2. **Cardano ( #adausdt )**: Cardano aims to create a more secure and scalable blockchain platform through a layered architecture. It emphasizes academic research, peer-reviewed research, and a scientific approach to development.
3. **Polkadot ( #DOT/USDT )**: Polkadot is a multi-chain blockchain platform that enables different blockchains to transfer messages and value in a trust-free fashion. It aims to create an internet of blockchains, allowing for interoperability between different networks.
4. **Solana ( #SOL )**: Solana is a high-performance blockchain platform designed for decentralized applications and crypto-currencies. It aims to provide fast, secure, and scalable blockchain solutions by utilizing a unique combination of technologies.
5. **Chainlink ( #LINK )**: Link is a decentralized oracle network that connects smart contracts with real-world data. It enables smart contracts to securely interact with external data sources, APIs, and payment systems.
6. **Polygon ( #MATIC/USDT )**: Formerly known as Matic Network, Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. It aims to address Ethereum's scalability issues and enhance its usability.
7. **Filecoin ( #FIL )**: Filecoin is a decentralized storage network designed to store humanity's most important information. Users can earn Filecoin by providing storage to clients who want to store their data securely.
#Wrtite2Earn
$BTC $ETH $BNB
1. **Ethereum ( #ETH )**: Ethereum is more than just a cryptocurrency; it's a decentralized platform that enables smart contracts and decentralized applications (DApps) to be built and operated without any downtime, fraud, control, or interference from a third party.
2. **Cardano ( #adausdt )**: Cardano aims to create a more secure and scalable blockchain platform through a layered architecture. It emphasizes academic research, peer-reviewed research, and a scientific approach to development.
3. **Polkadot ( #DOT/USDT )**: Polkadot is a multi-chain blockchain platform that enables different blockchains to transfer messages and value in a trust-free fashion. It aims to create an internet of blockchains, allowing for interoperability between different networks.
4. **Solana ( #SOL )**: Solana is a high-performance blockchain platform designed for decentralized applications and crypto-currencies. It aims to provide fast, secure, and scalable blockchain solutions by utilizing a unique combination of technologies.
5. **Chainlink ( #LINK )**: Link is a decentralized oracle network that connects smart contracts with real-world data. It enables smart contracts to securely interact with external data sources, APIs, and payment systems.
6. **Polygon ( #MATIC/USDT )**: Formerly known as Matic Network, Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. It aims to address Ethereum's scalability issues and enhance its usability.
7. **Filecoin ( #FIL )**: Filecoin is a decentralized storage network designed to store humanity's most important information. Users can earn Filecoin by providing storage to clients who want to store their data securely.
#Wrtite2Earn
$BTC $ETH $BNB
Bitcoin halving is an event programmed into the Bitcoin protocol that occurs approximately every four years or after every 210,000 blocks are mined. During a halving event, the reward that Bitcoin miners receive for validating transactions and adding them to the blockchain is cut in half. This reduces the rate at which new Bitcoins are created, effectively slowing down the supply of new coins entering circulation.
The effects of Bitcoin halving on the market can be significant. Historically, Bitcoin halving events have been associated with bull markets, where the price of Bitcoin tends to increase. This is often attributed to the reduced supply of new coins coupled with steady or increasing demand. However, the extent and timing of price movements can vary, as they are influenced by numerous factors including investor sentiment, market dynamics, and macroeconomic conditions. Additionally, the anticipation of a halving event can also impact the market, with some investors buying Bitcoin in advance in anticipation of potential price increases.
#AXSBoom #Write2Earn #TrendingTopic #ETH #BTC
The effects of Bitcoin halving on the market can be significant. Historically, Bitcoin halving events have been associated with bull markets, where the price of Bitcoin tends to increase. This is often attributed to the reduced supply of new coins coupled with steady or increasing demand. However, the extent and timing of price movements can vary, as they are influenced by numerous factors including investor sentiment, market dynamics, and macroeconomic conditions. Additionally, the anticipation of a halving event can also impact the market, with some investors buying Bitcoin in advance in anticipation of potential price increases.
#AXSBoom #Write2Earn #TrendingTopic #ETH #BTC
Bitcoin Sees First Ever Weekly 'Golden Cross,' a Bullish Signal to Some
The 50-week simple moving average (SMA) of bitcoin's price has crossed above the 200-week SMA for the first time on record.
Market enthusiasts call it a "golden cross," indicating a positive shift in asset prices, and now this marker has finally appeared on the bitcoin (BTC) weekly price chart.
The 50-week simple moving average (SMA) on bitcoin has crossed over the 200-week SMA for the first time on record, confirming the golden cross. The phrase and its counterpart, "the death cross," in which the short-duration SMA dips below the long-duration SMA, originated in Japan, per some technical analysis textbooks.
Many traders see crossovers as forward-looking indicators, with the golden version signaling a long-term bull market ahead.
The bullish interpretation could be challenged because averages are based on past data and tends to lag prices. In other words, averages represent what happened in the past, and the first golden cross on the weekly chart results from bitcoin rallying over 70% to $42,700 in four months.
Thus, seasoned traders consider crossovers as lagging indicators, often coinciding with trend exhaustion. For instance, the weekly death $cross confirmed in early 2023 marked the bottom of the bear market. Bitcoin's daily chart golden and death crossovers have a mixed record of predicting bullish and bearish trends.
#btc #bnb #arb #matic #dot
The 50-week simple moving average (SMA) of bitcoin's price has crossed above the 200-week SMA for the first time on record.
Market enthusiasts call it a "golden cross," indicating a positive shift in asset prices, and now this marker has finally appeared on the bitcoin (BTC) weekly price chart.
The 50-week simple moving average (SMA) on bitcoin has crossed over the 200-week SMA for the first time on record, confirming the golden cross. The phrase and its counterpart, "the death cross," in which the short-duration SMA dips below the long-duration SMA, originated in Japan, per some technical analysis textbooks.
Many traders see crossovers as forward-looking indicators, with the golden version signaling a long-term bull market ahead.
The bullish interpretation could be challenged because averages are based on past data and tends to lag prices. In other words, averages represent what happened in the past, and the first golden cross on the weekly chart results from bitcoin rallying over 70% to $42,700 in four months.
Thus, seasoned traders consider crossovers as lagging indicators, often coinciding with trend exhaustion. For instance, the weekly death $cross confirmed in early 2023 marked the bottom of the bear market. Bitcoin's daily chart golden and death crossovers have a mixed record of predicting bullish and bearish trends.
#btc #bnb #arb #matic #dot
Bitcoin Sees First Ever Weekly 'Golden Cross,' a Bullish Signal to Some
The 50-week simple moving average (SMA) of bitcoin's price has crossed above the 200-week SMA for the first time on record.
Market enthusiasts call it a "golden cross," indicating a positive shift in asset prices, and now this marker has finally appeared on the bitcoin (BTC) weekly price chart.
The 50-week simple moving average (SMA) on bitcoin has crossed over the 200-week SMA for the first time on record, confirming the golden cross. The phrase and its counterpart, "the death cross," in which the short-duration SMA dips below the long-duration SMA, originated in Japan, per some technical analysis textbooks.
Many traders see crossovers as forward-looking indicators, with the golden version signaling a long-term bull market ahead.
The bullish interpretation could be challenged because averages are based on past data and tends to lag prices. In other words, averages represent what happened in the past, and the first golden cross on the weekly chart results from bitcoin rallying over 70% to $42,700 in four months.
Thus, seasoned traders consider crossovers as lagging indicators, often coinciding with trend exhaustion. For instance, the weekly death $cross confirmed in early 2023 marked the bottom of the bear market. Bitcoin's daily chart golden and death crossovers have a mixed record of predicting bullish and bearish trends.
#btc #bnb #arb #matic #dot
The 50-week simple moving average (SMA) of bitcoin's price has crossed above the 200-week SMA for the first time on record.
Market enthusiasts call it a "golden cross," indicating a positive shift in asset prices, and now this marker has finally appeared on the bitcoin (BTC) weekly price chart.
The 50-week simple moving average (SMA) on bitcoin has crossed over the 200-week SMA for the first time on record, confirming the golden cross. The phrase and its counterpart, "the death cross," in which the short-duration SMA dips below the long-duration SMA, originated in Japan, per some technical analysis textbooks.
Many traders see crossovers as forward-looking indicators, with the golden version signaling a long-term bull market ahead.
The bullish interpretation could be challenged because averages are based on past data and tends to lag prices. In other words, averages represent what happened in the past, and the first golden cross on the weekly chart results from bitcoin rallying over 70% to $42,700 in four months.
Thus, seasoned traders consider crossovers as lagging indicators, often coinciding with trend exhaustion. For instance, the weekly death $cross confirmed in early 2023 marked the bottom of the bear market. Bitcoin's daily chart golden and death crossovers have a mixed record of predicting bullish and bearish trends.
#btc #bnb #arb #matic #dot