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20 Cryptocurrency priced under $0.10 that could make you Rich
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Whale Trap
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The image shows three different Bitcoin halving events: 2017, 2021, and the upcoming 2024 event. The chart compares the price behavior 224 days before and after the halving event in each of these years. Here's the analysis: 1. **2017 Halving Event**: - Before the halving, Bitcoin experienced a significant price increase. - Post-halving, there was a sharp correction and downward trend that lasted for some time before the price started recovering. 2. **2021 Halving Event**: - Similar to 2017, there was a price increase leading up to the halving event. - After the halving, Bitcoin experienced a strong drop again. The correction appears steep before any signs of recovery occurred. 3. **2024 Halving Event (Projection)**: - The chart shows Bitcoin is steadily rising as we approach the 2024 halving, but without the sharp rise seen before the previous two halvings. - The expectation based on past trends seems to be a potential correction after the halving event, but it's too early to predict the magnitude. ### Key Takeaways: - In both 2017 and 2021, Bitcoin's price increased leading up to the halving but dropped significantly soon after. - 224 days after the halving tends to mark a correction or recovery phase. - The 2024 halving appears to follow a more gradual increase leading up to the event, which might indicate a smoother correction or different market dynamics this time around. Given that you've mentioned the upcoming halving in your prior conversations, this chart suggests a potential pattern you could be watching closely to time market entries and exits based on previous halving cycles.
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