BTC's Path to $79,500 Post-Halving
Updated
🚀 Breakthrough the Resistance: BTC's Path to $79,500 Post-Halving 💥
Hey Traders,
The FXPROFESSOR is back, analyzing charts and bringing you the latest scoop from the crypto world. After an eventful time at the Dubai expo, it's time to dive back into the world of Bitcoin, especially post-halving.
We've experienced a dip, partly influenced by the global geopolitical landscape, but it's crucial to focus on what lies ahead. My steadfast analysis, dating back to February 2023, still eyes that $79,500 level as the key resistance to beat.
Right now, we’re eyeing an important mark on the chart: the ascending channel, which is currently posing resistance at approximately $68,430. Should Bitcoin break back into this channel, we're looking at interim resistance around $76,360, paving the way to our major target.
But let's not rush. Understanding the halving's implications is essential. Typically, Bitcoin's halving events tighten the currency's supply, often resulting in bullish outcomes (Coinbase) (Crypto.com). However, the context for each halving is unique, and the most recent one unfolds amidst a complex backdrop of market ETFs and global events (Bitpowr).
Remember, the journey to $79,500 isn't just a number—it's about charting the course through each resistance level. Let's navigate these waves with precision and patience.
For a deeper understanding of Bitcoin’s trajectory and the impact of halving events, explore the rich analysis available across several articles from leading crypto resources (links below).
Stay tuned as we decode the signals and carve a path to our peak resistance. Take it one step at a time and let the market dynamics after the halving lead the way.
One Love,
The FXPROFESSOR 💙
Links:
theguardian.com/technology/2024/apr/19/what-is-bitcoin-halving-price
forbes.com/sites/digital-assets/2024/04/20/bitcoin-suddenly-braced-for-a-35-trillion-halving-price-earthquake/
coindesk.com/business/2024/04/22/bitcoin-miners-may-shift-focus-to-ai-after-halving-coinshares-says/
cnbc.com/2024/04/19/bitcoin-network-completes-fourth-ever-halving-of-rewards-to-miners.html
forbes.com/advisor/investing/cryptocurrency/bitcoin-halving-2024/
Hey Traders,
The FXPROFESSOR is back, analyzing charts and bringing you the latest scoop from the crypto world. After an eventful time at the Dubai expo, it's time to dive back into the world of Bitcoin, especially post-halving.
We've experienced a dip, partly influenced by the global geopolitical landscape, but it's crucial to focus on what lies ahead. My steadfast analysis, dating back to February 2023, still eyes that $79,500 level as the key resistance to beat.
Right now, we’re eyeing an important mark on the chart: the ascending channel, which is currently posing resistance at approximately $68,430. Should Bitcoin break back into this channel, we're looking at interim resistance around $76,360, paving the way to our major target.
But let's not rush. Understanding the halving's implications is essential. Typically, Bitcoin's halving events tighten the currency's supply, often resulting in bullish outcomes (Coinbase) (Crypto.com). However, the context for each halving is unique, and the most recent one unfolds amidst a complex backdrop of market ETFs and global events (Bitpowr).
Remember, the journey to $79,500 isn't just a number—it's about charting the course through each resistance level. Let's navigate these waves with precision and patience.
For a deeper understanding of Bitcoin’s trajectory and the impact of halving events, explore the rich analysis available across several articles from leading crypto resources (links below).
Stay tuned as we decode the signals and carve a path to our peak resistance. Take it one step at a time and let the market dynamics after the halving lead the way.
One Love,
The FXPROFESSOR 💙
Links:
theguardian.com/technology/2024/apr/19/what-is-bitcoin-halving-price
forbes.com/sites/digital-assets/2024/04/20/bitcoin-suddenly-braced-for-a-35-trillion-halving-price-earthquake/
coindesk.com/business/2024/04/22/bitcoin-miners-may-shift-focus-to-ai-after-halving-coinshares-says/
cnbc.com/2024/04/19/bitcoin-network-completes-fourth-ever-halving-of-rewards-to-miners.html
forbes.com/advisor/investing/cryptocurrency/bitcoin-halving-2024/
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