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...
1. Previous ATH at $60,000 in 2021 formed a double top. 2. Support ~$30,000 broke. 3. Bottom in late 2022 after a bullish RSI divergence. 4. 50% retracement at $30,000 (support-turned-resistance) 5. The 61.8% Fibonacci retracement matched RSI overbought at 70. 6. Price fully retraced 100% of its decline to hit a new ATH. 7. 161.8% Fibonacci extension has objective...
Bitcoin Is Inevitable! How And Why? ♦️Bitcoin is a cryptocurrency with a limited supply of 21 million coins and no pre-sale process. These features make Bitcoin unique from other cryptocurrencies and give it a unique value. ♦️Bitcoin's limited supply makes it a barrier against inflation. Inflation means that the purchasing power of money decreases over time....
Hi Guys, This is my case for bitcoin in the Wyckoff Schematic #1 Phases & Events. I believe #Bitcoin Just entered Phase D of the Wyckoff Schematic. Let's Discuss Phase D into more Detail. Phase D: If we are correct in our analysis, what should follow is the consistent dominance of demand over supply. This is evidenced by a pattern of advances (SOSs) on...
BTCUSD has put on a show finding new highs over the course of two days. What sparked this large move? Well, part of it can be accredited to Tesla announcing that they were buying $1.5 billion dollars worth of Bitcoin. Crypto is no stranger to the wonders of Elon Musk and this was likely a huge pull for a lot of investors. There is a lot that can be taken away from...