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Bitcoin's Halving Event: Impact, Expectations, and PreparationsAs the cryptocurrency community eagerly anticipates Bitcoin's upcoming halving event, there's heightened discussion regarding the digital asset's potential trajectory. With Bitcoin preparing for its third halving, traders and investors are deliberating on the opportune moment to engage with the market. The halving, an inherent feature of Bitcoin's protocol, serves to reduce the rate at which new coins are introduced, effectively managing inflation and preserving Bitcoin's scarcity. Historically, the halving has been a pivotal event in the cryptocurrency market, often accompanied by increased volatility and speculation. Leading up to the halving, market sentiment typically turns bullish, with traders anticipating potential price surges as Bitcoin's issuance rate diminishes. Nonetheless, caution is advised, as some investors remain apprehensive about a potential post-halving market correction. Recent bullish momentum has propelled Bitcoin to new highs, breaching significant resistance levels and impacting altcoin markets as well. Currently hovering around the $64,000 mark, Bitcoin experienced a retracement from its recent peak near $73,680. However, many view this pullback as an opportunity to enter the market ahead of potential post-halving price increases, citing historical precedents. While economists speculate on Bitcoin's future potential, forecasting values upwards of $100,000 and beyond, a balanced perspective is crucial. Market dynamics are influenced by a myriad of factors beyond the halving event, including macroeconomic trends and regulatory shifts. Investors are urged to approach their decisions judiciously and adhere to sound trading strategies aligned with their financial objectives and risk tolerance. While the halving event may present enticing opportunities, it's imperative to consider the broader landscape of the cryptocurrency market and exercise prudent decision-making accordingly.
COINBASE:BTCUSDLong
by FOREXN1
1
The Road to $66 for STXUSDT (Stacks)$STXUSD has now beautifully broken out of the triangle after an impressive textbook correction at the 0.618 Fibonacci retracement. This type of correction is a typical feature of wave 2 in an Elliot wave count, which indicates that $STXUSDT is now ready to embark on its third impulsive wave, often referred to as the most explosive one. Considering the increasing volume, an explosive surge in the number of transactions on the network, and the oscillators, we can expect a swift development in the price towards the following resistance levels: — 0.57 — 1.06 — 2.85 — 5.96 — 8.16 — 13.17. #stxusdt #stxusd #BNS #DeFi #BitcoinNFTs #Stacks
Editors' picks
Long
by joerivdpol
19
Bitcoin Shatters Records, Soaring Above $73,000March 13, 2024 - In a historic surge, Bitcoin surpassed its previous all-time high today, reaching a value of over $ 73,000 . This comes just days after the cryptocurrency broke the $ 68,900 mark, exceeding its peak from 2022 . Analysts offer mixed interpretations of this development. Some view it as a sign of Bitcoin's growing maturity and solidifying its position as a valuable asset. Others express caution, highlighting the cryptocurrency's inherent volatility and the lack of strong fundamental factors driving the recent upswing. This record-breaking price follows a period of significant recovery for Bitcoin. After a major industry slump in late 2022 that saw the price plummet below $ 17,000 , the cryptocurrency has staged an impressive comeback. While the future trajectory of Bitcoin remains uncertain, today's milestone marks a significant moment in the history of the world's leading cryptocurrency.
BITSTAMP:BTCUSDLong
by EliteSignals
BITCOIN - March Highier Timeframe Breakdown - 01/03/24'Hello everyone, lets jump in.. So bellow you can find screenshots, with every relevant timeframe to be looked at, to make a better educated guess at least in my opinion. First of all, I need to say, that this Idea DO NOT have to play out immediately, IF ALL! BUT Since Highest Timeframe we operating with is 3Month, there is still like 60Days window in which this CAN play out. 3M 2M 1M 15D 10D 5D So this Whole IDEA, is Based on 3M candle/timeframe (basically quarter outlook), which still follow my Q1+FED outlook as next.. --> In which I ment there is higher chance of continuing Higher with time UNTIL FED start cutting Interest Rates... and in the mean time we Rallied.. BUT since we are reached Price targets close to ATHs' I think is needed to be even more carefull.. and this due to --> If we take a look at 3M chart, we can see that prior times in History, when we reached Closing price of 3M candle, IT WAS THE TIME WHEN WE PEAKED WITH PRICE FOR PROLONGED PERIOD OF TIME. (And we already did it!) but there is still almost 2month to next FED meeting.. So Main Question is IF we will go Above ATHs' in this period of time, or We will follow what happend prior Cycles and thats correction... AND My honest answer is that I DONT KNOW, BUT if I HAVE TO pick one, I REMAIN EXTREMLY CAUTIOUS, since Right Now I see this more as "fake bull market" BECAUSE , and this "Because" have two aspects- Micro/Macro economy and then what Charts are saying.. Firstly, if we check out Charts, we can see on EVERY SINGLE ONE, that we reached with Closing Price close to where ATHs Closes are, BUT we dont Close above them.. Which In my understanding of Market Increasing chances for revisiting Lower prices "when correct time come" BUT, in the meanwhile, there is still "TREND" which I would say is still "bullish" and for that Reason we can "be trying" to reach or break ATH.. and only "time shows and chart tell" if we will go there.. BUT , as I ment.. there is other factor and thats.. Micro/Macro economy outlook at things, And I would say.. "ITS NOT THE BEST ONE"! --> Inflation is STILL HIGH (due to FED) and it looks like it slowly starting to elevate again, Unemployment is STILL relative close to all time Lows, and Interest Rates are STILL HIGH.. on top of that, from last reports it looks like economy start Slowing down a little bit BUT Markets still looks like "they dont care". Which In my opinion is BIG Mistake, and for that reason, Im trying to evaluate things on Daily basis when New Important Market/Economy News happen.. especially, in time "Where people believe only way of going is Highier!"... AND THATS BECAUSE - if we again, come back to our 3M chart, we can see there is 30D left on it.. and in those 30days market can change a LOT, AND We already reached price where In history was our "turning point" chart wise.. So, in my opinion, being a buyer right now is more risky then being seller.. , but I still label this IDEA as Neutral, since there is still lot of time remaining for Price to behave irational. Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSD
by cryptocapitaltrading
Dash - Prepare for a massive breakoutHello Traders, at this time I am focusing on dash . This is a project that has been around since 2014 with continuous updates and to date is completely undervalued. From the chart we see a return of interest and technically it can get to 300 USD on a short cycle. Dash has private transactions and instant transactions. Charaterized by : ○ Strong community ○ Low marketcap 374,96 K ○ 11.69 M current circulation supply ○ All time high 1,600k USD
KRAKEN:DASHUSDLong
by IllyrianTrader
3
BITCOIN Weekly Outlook 05/02/2024Hello guys, great week to everyone. So my view on BITCOIN didnt change in last days. I think the IDEA from last Update is still in play. But - Im staying alerted, since trading range is getting squeezed into tight range, so I would be expecting highier tide of volatility to come sooner rather then later. For this reason, I would again suggest to EVERYONE to use STOP LOSS. Reason why Im somewhat "alerted" is - longer we stay in highier price range, without moving further down, in my view, it increasing chances of our idea to be WRONG- and as stated in big Q1 update, until FED start cutting, or somethiing going significantly wrong, market will go highier with time... So this would invalid our view.. BUT UNTIL IT HAPPEND we need to suggest that Sellside liquidity is the 1st target before potentional continuation of move upside since that how chart present itself after meeting... Hopefully, this helps some of you with your perception of market. If YES, please consider liking or sharing this post, it would mean a lot for me. Thanks Joe
INDEX:BTCUSD
by cryptocapitaltrading
BTC ETF Approval. Expect the Unexpected.Happy New Year Traders! With the likelihood of Bitcoin ETF approval in the cards, there are a plentitude of zealous crypto traders on the crypto rocket anticipating destination moon. But what if it doesn't turn out the way everyone expects? What if the MMs shake out the pockets of dumb money and over-leveraged moon boys? Or worse yet, ETF approvals are delayed yet again? Nothing is really certain until it's settled. In this episode, we're going to discuss a few indications that the possibility of more sideways to down action is really not that far-fetched. Understanding this perspective can help us to trade safely and avoid being rekt.
INDEX:BTCUSD
by stewdamus
Bitcoin ETF - buy the rumor, sell the newsbitcoin @ 38K = smart btc money slowly exiting for weeks… November Highlights 🔹 Nov 17 BTC etf delayed 🔹 Nov 24 (52 Wk High 38.4K) 🔸 18 Daily High of 37K+ 🔸 ZERO daily closes of 38K+ PS could hit 40K then retest 38K for “support” and fail and my idea’s still correct 😁GG You can see that we struggle to move up and it's likely because people bought the rumor and are selling this news lol. The SEC has stated the won't give a until January 2023 and even then there are lots of issues that can come up. There is nothing to really look forward to in terms of bullish news for December. I am sitting on the sidelines as I feel the insiders are going to leave retailers holding the bag for this recent pump.
BITSTAMP:BTCUSDShort
by dogdaddevan
Bitcoin: One Person's Fear is Another Person's GreedFirst off, what the f*ck? I believe Bitcoin should correct back to at least the 50% Fib Level -- if not the 38.2% -- so that we can see a healthy rally upwards. Years of trading crypto has taught me that every rally has a near equal correction. But emotions and bias will be the death of your portfolio so here's my unbiased analysis of the world's greatest cryptocurrency: - Bitcoin is forming an ascending triangle on multiple charts which is a bullish sentiment on its own. - On-Balance Volume (OBV) shows a steady increase in buying pressure since the start of the recent rally. Layman's terms: buying pressure is outcompeting selling pressure. - Money Flow Index (MFI) has an inverse slope that favors oversold and is currently relaxing in neutral territory safely away from overbought. These three indicators lead me to believe that Bitcoin may experience another breakout in the coming weeks and, potentially, without a dip back to $30.5K as I previously forecasted. At risk of stating the obvious, news can shake the markets enough to reverse any trajectory but yesterday's Binance update hardly rattled Bitcoin like it did for altcoins. It's my personal opinion that the Bitcoin ETF decision is the closest catalyst in determining the next major rally or drop. However, we can't forget about the highly anticipated Bitcoin halving which is expected around April 2024. If the ETF does get rejected, this may provide a very lucrative buying opportunity. COINBASE:BTCUSD
COINBASE:BTCUSDLong
by Shepherd_Investor