An In-depth Look at the Bitcoin Halving History and 2024 A Brief Overview of Previous Bitcoin Halving & Its Effects on the Market
Bitcoin halving is an event that occurs every four years and halves the reward for miners who successfully mine a new block.
The Bitcoin protocol is heavily reliant on a concept known as mining. Mining is an essential part of the Bitcoin network and this is the process of verifying transactions on the Bitcoin blockchain, and has a significant impact on the Bitcoin market, as it affects the supply and demand of the Bitcoin.
The first halving of Bitcoin occurred in 2012 and marked a major milestone in the cryptocurrency's history. Halving process reduces the amount of new Bitcoins created and released into circulation every 10 minutes, thereby reducing inflation and increasing the scarcity of Bitcoin. The halving event was seen as a bullish sign for the future of Bitcoin, as it suggests that demand for the digital currency is increasing while supply is decreasing.
The rest of halvings in 2016 and 2020 Bitcoin price was followed by a pre-event and post-halving bullish rally which saw Bitcoin prices soar to all-time highs in 2017 and 2021 respectively.
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What are Predictions for the Future Effects of 2024 Year's Bitcoin Halving on Prices?
The Bitcoin halving of 2024 will be one of the most anticipated events in the cryptocurrency world. It is expected to have a major impact on the price of Bitcoin, and many experts are predicting that it could result in a significant increase in its value. It is important for investors to understand how this event is affecting the market so that they can make informed decisions about their investments.
As we approach the Bitcoin halving, it is important to understand what it means and how it will impact the cryptocurrency market. 2024 year's halving will reduce the reward for miners from 6.25 BTC, the next block reward will be 3.125 BTC per block mined, which could have a significant effect on the price of Bitcoin and other cryptocurrencies. To prepare for this, investors should be aware of potential changes in market dynamics, such as increased FOMO stimulus, sudden price volatility prior to halving.
The halving events of Bitcoin have been divided into sectors in a chart to provide an insightful look into its history. It is interesting to note that each halving event is marked with a unique color, starting with number 0. This chart also provides a glimpse into the changes in Bitcoin's value during these events 1-2-3, and how they have impacted the growth of Bitcoin
1 Rising phase (2013, 2017, 2021)
2 Crash phase (2014, 2018, 2022)
3 Bottom Phase (2015, 2018, 2023?)
According to this trend we can expect that 2023 is the Bottom phase of the cycle, and is likely to see prices double as investors look to make profits on the increasing scarcity of Bitcoin. After this, it's likely that we'll experience a rapid rise back towards new All-time Highs (ATH), as investors FOMO to take advantage of the increased demand.
The bitcoin halving of 2024 will be a pivotal moment. After the halving, the amount of newly mined bitcoins will be reduced by half and this could lead to a significant change in the Bitcoin price. This may have both positive and negative implications for the value of bitcoin, however it might be a pure math of Supply and Demand.
Best regards
Artem Shevelev
Arshevelev
Solana's 2020-23: Akin to Ethereum 2017-21, Eyes New ATHWhen we take a closer look at Solana's recent history, it's hard not to draw comparisons to Ethereum's past. The price movements seem eerily similar, and it feels like we're at a pivotal point, much like where Ethereum once found itself.
With this in mind, many in the crypto Twitter and TradingView are brimming with excitement, believing that Solana might just be gearing up for a remarkable journey towards a new all-time high in 2024.
💬 Your thoughts on this? I would love to hear your insights in the comments below!
Crypto Market Cap REACHED $1 TRILLION . buy before its too lateHello there, it's been a long time since I updated my @TradingView page. All of my prior market updates hit their targets, and the market is presently hovering at favorable buying positions for mid-term and long-term investors. It's still a risky zone to go all-in, but we may try a few entry for a fraction of our portfolio.
I believe the crypto market will return right here at 1T market cap and rise to 2T market cap. This means that all altcoins/tokens will grow at least 2-3x from their present levels.
I believe the market is not prepared for another bull run since all investors who joined the market on the downtrend will exit at possible breakeven. This will lead the market to drop from 2T (or close to it) to 1-1.2T.
Stay safe, peace out!
Best regards
Artem Shevelev
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Shiba Inu: Potential +95% from Wedge Breakout!Hello dear traders!
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BINANCE:SHIBUSDT is breaking out of a Falling Wedge pattern! This breakout suggests a potential uptrend, and the token could hit key resistance levels on its way up, specifically at 1214, 1480, and 1773.
Now, about the Falling Wedge: it's a pattern on a price chart that typically indicates a reversal or bullish continuation. Imagine a wedge sloping downward, and BINANCE:SHIBUSDT breaking out of it is like a springboard for potential gains.
For safety measures, consider setting a stop loss below 800 . This step is all about protecting your investment. Also, think about using a lower-risk position size – it adds a layer of security to your overall strategy.
Here's to successful trading!
If you have any questions or need more insights, feel free to ask.
Bitcoin Analysis: Big and LongBitcoin has recently showcased its resilience, surging past the significant $31,000 mark. This breakthrough is not a mere coincidence; it's a part of a grander design in the crypto market.
If your preview is distorted here is image copy of this analysis:
Let's delve into the intricacies of this upward momentum:
1. Halving's Influence:
One of essential factors in Bitcoin's trajectory is the phenomenon of halving. Bitcoin halving events have historically influenced supply and demand dynamics, often leading to significant price rallies.
As we approach the halving period, this historic pattern adds an extra layer of confidence to the current bullish sentiment.
2. Impulse Structure and Rising Channel:
Bitcoin is painting a compelling picture on the daily timeframe. Within a substantial impulse structure, a rising channel is emerging.
This channel indicates a positive trajectory, reflective of market confidence.
3. Third Wave Speculation:
Within this structure, the market is now poised for what appears to be the third wave, a potentially substantial wave marked by extensions.
The current expectations are set on a retreat to $30,000, acting as a pivot point for the forthcoming surge, with the next ambitious target resting comfortably at $50,000.
4. Wyckoff Accumulation Pattern:
Bitcoin's strength lies in its Wyckoff accumulation pattern.
Though subtle, this continuous weakness exhibits a steady and robust progression, making it a quite unique pattern among other accumulation patterns (cup and handle, saucer etc).
5. Bollinger Bands Width Squeeze:
A striking observation is the Bollinger Bands width, reaching a low not witnessed since the market bottom of 2014.
This rarity accentuates Bitcoin's growth potential, serving as a strong indicator for investors.
6. Historical Comparisons:
By comparing the current market behavior with the patterns observed in 2015-2016, a striking resemblance emerges.
This historical congruence enhances our confidence in the ongoing trend, providing a solid foundation for the $50,000 target.
7. Institutional Interest:
With each positive move, the market gains momentum. It's not just individual investors; institutional players are also recognizing Bitcoin's potential.
The imminent approval of a Bitcoin ETF promises to be a game-changer. This financial instrument bridges the gap between traditional markets and cryptocurrencies, rendering Bitcoin accessible to a broader investor base. The ETF's advent not only signifies regulatory acknowledgment but also invites a wave of retail participation.
The anticipation is that as we approach the holiday season, institutional investors will further solidify this upward trajectory.
In essence, the recent surge beyond $31,000 signifies a strategic move in the crypto chessboard. As we navigate this rising channel, the road ahead holds promise, with the $50,000 mark gleaming on the horizon.
Adding to this momentum, RSI (Relative Strength Index) is showing both Bullish and Hidden Bullish divergence alongside the development of the rising channel. These signals align, painting a robust picture for Bitcoin's price increase.
Your support means the world to me! ❤️ Liking and commenting is a free, wonderful way to keep me motivated and help my work reach more enthusiasts like you.
Plus, I'm genuinely curious: which tokens/coins have piqued your interest lately?
Share your thoughts in the comment box below! Let's start a conversation!
Stay tuned!
100% TRADERS START WITH DREAM TO GET RICH QUICKHey guys! Do you agree with me?!
It's easy to become charmed by the prospect of making rapid money in the financial markets, yet trading makes almost no one rich – in fact, many individuals lose money*
If you like my graphics, please use Like button 💙💛
* 90% of traders losing money, only 10% get profits. Why?
Here is 3 reasons:
1) Most traders Enter A Trade Too Early
2) Most traders Exit Too Late
3) Most traders Don’t Follow a Risk Management
Here is list my tips to help you to get in profit:
Bulls Whispers: How 2015's Ghosts Haunt BitcoinLooking in BINANCE:BTCUSDT past, the similarities between the 2015 and 2023 bear markets are both enlightening and cautionary. In 2015, we witnessed a rapid descent marked by pronounced long wicks on the weekly chart. Fast forward to 2023, the landscape has notably evolved.
A standout pattern on the current chart is the flat top triangle, reminiscent of its 2015 counterpart. However, the nuances are subtle but significant. A rounded bottom and a sharp parabolic rise, denoted by the orange circle, paint a more subdued yet optimistic picture for 2023.
What explains this shift? Market capitalization and trading volume have soared since 2015, lending stability to BITSTAMP:BTCUSD movements. These parallels suggest a cautiously bullish outlook for Q4, 2023.
Yet, caution must prevail. Unforeseen events, akin to the black swan event of the COVID-19 crash, remind us that the crypto landscape, while promising, demands vigilant navigation.
THETA Token Approaching Reversal Point.#THETA / USDT: I've been tracking this pair for a while. Now, there's a new opportunity emerging, a chance to invest some free cash, as the price has fallen approximately -96% from its all-time high. Moreover, it's following two bullish patterns: the Falling Wedge and Bullish RSI Divergence.
These three factors could drive the price significantly higher, and the resistance levels validate this potential.
🎯 Nearest Resistances: 0.72 - 0.77 - 0.92 - 1.21 - 1.48
🛡️ I believe a stop loss below 0.57 could be a wise choice. However, don't be surprised if the price dips further into the 0.50 to 0.35 zone, which appears to be quite significant. Keep a close eye on it if we go below the 0.57 stop loss.
Stay tuned for more updates on this opportunity!
OMUSDT Potential Breakout Structure📊 BINANCE:OMUSDT is currently nestled in the tight base of a Falling Wedge pattern. Keep a close eye on the support level around 0.017, as a critical price to break sits at 0.024. Key resistances and upcoming targets are at:
🎯 Targets:
Target 1: 0.036
Target 2: 0.057
Target 3: 0.084
Target 4: 0.123
Regardless of the market situation, remember to use appropriate stop loss. A prudent approach is to set the stop loss below the support zone, with a weekly candle closing around 0.016 as a viable option.
Stay vigilant and keep an eye on the charts! 🚀
ChainLink The Great AccumulationHello dear traders! If you like my graphics, please use Like button 💙💛.
There exists a potential scenario wherein COINBASE:LINKUSD could undergo a substantial x4.6 surge between late 2023 and early 2024.
In the chart provided, you can observe the accumulation pattern, with the price action mirroring it remarkably accurately.
What strengthens this possibility is the ongoing robust accumulation phase that has been in progress since April 2022, spanning nearly 500 days.
Ethereum Update: Onward and Upward!Ethereum continues bottom formation, firmly entrenched within a channel spanning $1500 to $2000. The momentous breakthrough of the $2000 mark will likely accelerate its pace further.
Key Levels: Watch out for the critical support level at $1688. Presently, a bullish flag pattern has emerged on the daily timeframe, following a breakout from a symmetrical triangle. The modest flagpole of this pattern offers a glimpse into the potential post-breakout trajectory. My estimation? A surge to at least the $2200-2300 zone.
Risk Management: Safeguarding your trades within low-risk confines is paramount. I recommend setting a stop loss around the latest support level at $1489 to protect your capital.
ALGORAND is About to Explode!🚀 ALGO/USDT Potential Breakout Signal:
After a careful analysis of ALGO/USDT price action, it appears that a significant move is on the horizon. ALGO has recently broken out of a Falling Wedge pattern, and all signs point to an imminent bullish surge. The key price levels to watch closely are 0.102 and 0.108.
🎯 Mid-term Price Targets:
Target 1: 0.116
Target 2: 0.137
Target 3: 0.159
Target 4: 0.181
🛡️ Risk Management:
Consider initiating small spot buys as the price action develops. If the price experiences a temporary drop, consider Dollar-Cost Averaging (DCA) to achieve an average buying level. It's advisable to set a stop-loss just below 0.090 to manage risk and protect against potential pullbacks from this support level.
Stay tuned for updates as this promising move unfolds! 📈
I Find This Crazy Similar Price Action | Bitcoin to 50KHey everyone!
Check out my latest Bitcoin analysis!
Your support means the world, so smash that like button to keep the motivation flowing! 💙💛
As I delved into the charts, I couldn't ignore the uncanny resemblance between Bitcoin's 2023 price action and the post-halving period of 2020.
Take a look at this BITSTAMP:BTCUSD comparison:
Notice how the downtrend line is eerily similar in both position and angle. I'd love to hear your thoughts on this in the comments below!
KASPA a Technical Marvel Kaspa MEXC:KASUSDT is displaying an beautiful technical chart, showcasing a high degree of respect for key levels.
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The current price action forms a compelling Symmetrical Triangle , setting the stage for next move.
Let's jump into the details!
Key Support Levels:
$0.080
$0.093
$0.114
These support levels act as robust foundations, indicating potential bounce-back points in the event of a downturn.
Key Resistance Levels:
$0.143
$0.177
These resistance levels represent significant hurdles that Kaspa must overcome to move in a sustained upward trajectory.
The presence of a Rising Fibonacci Channel adds another layer to the chart's complexity, reflecting a dynamic uptrend environment . This suggests that Kaspa is in a phase of positive momentum, further enhancing its overall bullish outlook.
As the symmetrical triangle tightens its grip, we should closely monitor the breakout direction for potential trading opportunities.
Keep a watchful eye on Kaspa as it navigates through these critical levels, presenting exciting prospects for those attuned to the nuances of this technical masterpiece.
Crazy Week in Bitcoin and Cryptos📰 Double Whammy: Bittrex Shutdown and CZ's Legal Woes Unsettle Crypto Markets!
🚨 Bittrex Shutdown Impact:
Despite the looming closure of Bittrex Exchange on Dec. 4, BTCUSD on the platform soared to $46,000, creating a buzz in the crypto sphere. Explore the chart:
🔒 Binance's Legal Turmoil:
Adding to the turmoil, former Binance CEO Changpeng Zhao (CZ) faces legal constraints. As per federal prosecutors, CZ, having pleaded guilty, cannot leave the U.S. ahead of his February sentencing for violating the Bank Secrecy Act.
💔 Binance's Guilt and Heavy Penalties:
In a shocking turn, Binance pleaded guilty to multiple charges related to allowing users from sanctioned regions without proper compliance measures. The exchange agreed to a staggering $4.3 billion in penalties, marking one of the largest fines in the history of the U.S. Department of Justice.
🌐 Global Implications:
Prosecutors express concern about CZ's minimal ties to the U.S. due to his UAE citizenship, fearing he may not return if allowed to leave. They're not seeking pre-sentencing detention, only requesting that CZ remain in the U.S. His sentencing is slated for Feb. 23, 2024, with potential imprisonment and a fine.
📉📈 Market Response:
Current BTC support lies at 36300, extending to 33500. I am looking for a breakout above 40,000, anticipating a surge to 42,000 in the pre-Christmas period.
Stay tuned for updates
Bitcoin Rising, CEOs Falling: Legal Challenges | Crypto AutumnJust like Arthur Hayes of BitMEX in Autumn 2020, Changpeng Zhao (CZ) of Binance is facing similar legal challenges in Autumn 2023.
Both incidents coincide with Bitcoin's Autumn price rising, from $10,000 in case of BitMEX and from $35,000 in case of Binance.
Legal experts predict CZ's potential prison time to be around a year or less, drawing parallels to Hayes, who received six months of house arrest in 2022 despite government efforts for a longer sentence.
KASPA USDT: Breakout Watch and ZonesHello dear traders! If you like my graphics, please use Like button 💙💛.
📊 MEXC:KASUSDT Update:
The next move hinges on the breakout direction. Watch closely:
Bearish Perspective: Keep an eye on the 0.044 level. If it crosses below, a selling wave might persist, breaking the Rising Wedge support line.
Bullish Perspective: Look out for the 0.056 level. If broken, it signals a potential upward surge, breaking the Rising Wedge resistance (as in late March).
Bull Targets:
Target 1: 0.067
Target 2: 0.072
Target 3: 0.076
Target 4: 0.081
Bear Targets:
Target 1: 0.031
Target 2: 0.020
Target 3: 0.014
Stay alert for these critical levels! 🚀💹
MASKUSDT Room for MovementBINANCE:MASKUSDT is showing promising price action with a significant breakout from the 2.513 level. Currently trading around 3.500, it appears poised for further upward movement.
Key Price Levels to Watch:
Support — 2.543
Resistance — 4.000
Target 1 — 4.620
Target 2 — 5.000
Target 3 — 5.500
The Fibonacci levels suggest potential price targets, with levels at 4.000, 4.620, 5.000, and 5.500. Keep a close eye on these levels as they can provide essential guidance for your trading decisions.
Remember to perform thorough analysis and manage your risk accordingly, so always trade with caution and consider setting stop-loss orders to protect your investments.
Stay tuned for updates!
Litecoin Solid Buy Signal!LTCUSDT located at support zone, this zone is proven to be solid buy opportunity in following years 2017, 2018, 2020. Now 2 years later, LTCUSD consolidating in this zone again, and it just made a breakout! I am hop in this running train and waiting for nice income during the move.
DORK LORD Painted Adam & Eve - Point to Buy?!Hello dear traders!
BITGET:DORKLUSDT is making waves on social media, and its price is forming an intriguing pattern that could trigger a significant surge for DORK LORD token.
💙💛. Guys, a simple reaction to this analysis works wonders!
It's a free way to show your support and keeps me motivated. 💙💛.
The community behind it is not only funny but also backed by influential figures. Check out these entertaining memes:
While the community is having a blast, let's focus on trading and investing.
Using technical analysis, we can establish a few price targets.
The current key resistance level is at 3141.
Once the price breaks through, I anticipate a substantial rally to levels around 4000 - 5400 - 7700.
Considering the current price is 2300, this presents an excellent opportunity for HODLERS.