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Bitcoin Halving's Impact AnalysisBitcoin Halving Cycles Performance (Pre/Post 1 year performance) Halving's Pre/Post year Performance: 1. 26th Nov 2012 - Pre 416% / Post 7715% 2. 9th July 2016 - Pre 110% / Post 283% (The full move including after the 24 month period was c.955%) 3. 11th May 2020 - Pre 76% / Post 423% 4. 27th April 2024 - Pre 50% / Post 200% Pre Summary (from H2) - 110% - 76% - 50% prediction (reducing by c.25% each halving). Post Summary (from H2) - 955% - 423% - 200% prediction (reduces by c. 50% each halving) You can see the pattern in the reduced returns in each halving. The pre halving returns typically reduce by 25% a halving and the post halving returns reduce by 100% per halving. We ignore the first having as it was exponential introductory growth of the asset. Important Dates are 27th April 2024 (halving date). Good place to skim or wait for a pullback). Also the date of 25th April 2025. This is a softer date, a take profit early date potentially, most cycles have ended in Q4 of the given year thus some chips should be left on the table post April 2025 depending on the continued performance up to that point. Always a pleasure, I hope its been insightful Puka
INDEX:BTCUSDLong
by PukaCharts
6
Bitcoin Poised for Phenomenal Growth Bitcoin (BTC) On Tuesday morning, Bitcoin's price dropped by 2%, hitting a local low at $42,550. Despite this, the overall market trend remains bullish. CRYPTOCAP:BTC and other cryptocurrencies are poised for potential growth, likely post-Christmas holidays. BTC currently fluctuates between the support zone of $42,500-$42,870 and the resistance zone of $43,800-$44,050. If buyers gain momentum, the BTC price might solidify above the intermediary seller’s range of $43,260-$43,500 and possibly test the $44,400 mark, signaling the end of the local correction and the potential for new highs. In the event of a further correction, the asset might dip to support levels at $42,225 and $41,840. Generally, these levels are within the sideways trading range that BTC has been in for more than two weeks. Crypto Makes a Comeback in Nigeria The Central Bank of Nigeria has reversed its directive that barred commercial banks from engaging with cryptocurrency platforms and Bitcoin in particular. This change has, however, stirred discontent among P2P traders, who had largely taken over the market after the initial ban. Originally, the government's intention behind the ban was to diminish the use of cryptocurrencies among citizens, but it inadvertently led to further complications. Responding to this, the authorities are now shifting back to a more accommodating stance on crypto assets. The business community in Nigeria has reacted positively to the revocation of the ban, allowing bank interactions with cryptocurrencies. Many entrepreneurs are optimistic that this development will attract a diverse range of crypto businesses to the country, countering the effects of the nearly three-year-long restrictions. This Move by Nigerian CBN could potentially be the catalyst for the next bull run.
BINANCE:BTCUSDLong
by DEXWireNews
Bitcoin at Crossroads: Eyes $43k Level for Price Direction With Bitcoin's future tied to $43k support, a drop may lead to $37k, yet regulatory shifts and global acceptance suggest $50k by Jan 2024. Bitcoin’s next move is tied closely to its ability to maintain the $43k support level. A dip below this critical threshold could see the cryptocurrency sliding to $37,000. Conversely, holding above this mark may set the stage for an upward trajectory towards $47,360. Bitcoin Price Analysis As per the latest data from Coingape, Bitcoin trades at $43,780, a 0.15% dip from the intra-day high. However, it has seen a 3.40% increase in value over the past week. The trading volume exceeding $13 billion signifies a high level of market activity and investor interest despite the 36% dip in the last day. These figures highlight the delicate balance Bitcoin holds, teetering between potential gains and losses. Global Shifts in Crypto Acceptance The global landscape is also changing in favor of digital assets. Argentina’s recent move to allow Bitcoin in contractual agreements under President Javier Milei’s administration is a testament to this shift. Furthermore, the Central Bank of Nigeria’s reversal of its crypto transaction ban marks a significant change in its approach to the burgeoning crypto market. These developments are part of a larger trend where governments are recalibrating their attitudes toward digital currencies, influencing market dynamics and investor sentiments.
BINANCE:BTCUSDLong
by DEXWireNews
BTCUSDT consolidating below daily resistance, likely to move upThe price has been attacking the daily resistance 1DR1 back to back. However, till now it has not succeeded to break it to the upside. Although it has been able to cross this level several times but has not been to manage to close above even on 4h time frame. A close above that level on 4h time frame will signal confidence of the price to move upward beyond that resistance. By looking at the price action, it appears to be a consolidation around and below the resistance and should result in a breakout to the upside. Therefore, lets keep an eye on how it plays out.
Long
by angela_altair
1
QIUSDT Surges by 251%, Reaching $0.3749! 🚀BoooooooOOOOOOOM 🚀🚀 VIP Spot 🔥🎯 All Targets: done✅ Entry price: 0.01067$✅ Price reached :0.03749$ ✅ Profit: 251% ✅🚀🚀🤑 In a noteworthy rally, the cryptocurrency QIUSDT has experienced an impressive surge of 143.55%, reaching a significant price of $0.3749. This remarkable uptick has captured the attention of traders, indicating substantial potential for gains. Stay tuned for further market insights as QIUSDT continues to ride the wave of positive momentum in the dynamic digital currency landscape. #QIUSDT #CryptoSurge 📈
Long
by SafeCryptoSignals
CTXCUSDT Surges by 143.55%, Reaching $0.5307! 🚀BoooooooooOOOOOM 🚀🚀 VIP Spot 🔥🎯 Target 5️⃣ : done✅ Entry price: 0.2179$✅ Price reached : 0.5307$ ✅ Profit: 143.55% ✅🚀🚀🤑 In an impressive rally, the cryptocurrency CTXCUSDT has experienced a substantial surge of 143.55%, reaching a noteworthy price of $0.5307. This remarkable upward movement is garnering attention from traders, signaling potential for significant gains. Stay tuned for further updates as CTXCUSDT continues to make waves in the dynamic digital currency market. #CTXCUSDT #CryptoSurge 📈
Long
by SafeCryptoSignals
#BTC/USDT Weekly: This pattern signals Trend Reversal!#BTC Weekly Update: Breaking the Green Streak! Bitcoin (BTC) sees a change in trend as it closes the week with a red candle, ending an eight-week run of green candles. This shift is marked by the formation of a Bearish HARAMI pattern, signaling a potential bearish reversal. The confirmation of this pattern hinges on the weekly close; BTC needs to end the week below $41,349. Until this confirmation, Bitcoin may move sideways, providing an opportunity for altcoins to thrive. Investors should carefully select altcoins during this period of potential BTC consolidation for optimal gains. Stay vigilant! Do hit the like button if you find this chart helpful. Thank you #PEACE
COINBASE:BTCUSDLong
by Cryptorphic