This could be your next huge buy opportunity

Updated
Hey everyone,

Lets see if I can repeat the halving cycle forecast success as in Apr 2019 because I see very similar conditions no matter what people think of Bitcoin based on fundamentals. This is clearly a technical view.

This chart is based on Fear/Greed mutliyear halving cycle ( Supply and demand + greed and fear = cycles)

What is Halvening ?
In Bitcoin , halving is when block rewards for mining are cut in half. Halving happens at regular intervals based on the Bitcoin protocol.

In other words the code underlying the network dictates that X new coins minted as mining rewards for miners adding blocks of transactions to the blockchain will be cut in half every Y blocks until the reward reaches zero and no new coins are mined.

Bitcoin halving occurs every 210,000 blocks.

Since one block is added to the Bitcoin blockchain roughly every 10 minutes, each halving is about 210,000 blocks x 10 minutes = 2,100,000 minutes = 4 years apart.

When is the next Bitcoin Halving: Assuming no major changes, the mining reward will drop from 6.25 BTC to 3.125 per block approx. in Apr 2024
---------------------------------------------------------
What happens when all the bitcoins are mined?
The bitcoin inflation rate steadily trends downwards. At the time of writing, more than 3 out of every 4 bitcoins that will ever exist have already been mined, and the annual inflation rate is just 4%. The block reward given to miners is made up of newly-created bitcoins plus transaction fees. As inflation goes to zero miners will obtain an income only from transaction fees which will provide an incentive to keep mining to make transactions irreversible.

Due to deep technical reasons, block space is a scarce commodity, getting a transaction mined can be seen as purchasing a portion of it. By analogy, on average every 10 minutes a fixed amount of land is created and no more, people wanting to make transactions bid for parcels of this land. The sale of this land is what supports the miners even in a zero-inflation regime. The price of this land is set by demand for transactions (because the supply is fixed and known) and the mining difficulty readjusts around this to keep the average interval at 10 minutes.

** This is attempt to predict future price movement & not a financial advice **

Bitcoin 3000% grow-100K in Dec 21 2021-Big buy opportunity NOW


R:R, money management, risk, reward, technique, style, trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond
Trade active
THE TIME IS NOW
snapshot
Comment
Zoomed in **

If we make a higher low here and hold 20K then it is very good investment opportunity till next halving.
Comment
snapshot
Bitcoin (Cryptocurrency)bitcoinlongtermanalysisBLXTrend Analysis

Related publications

Disclaimer