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Halving2024

BTC/USD Update: HODL Tight as Bitcoin Takes a Wild Ride!Hey there, fellow crypto cowboys and cowgirls! Ready to saddle up for another adrenaline-fueled journey through the Bitcoin frontier? Well, grab your cowboy hats and buckle those bootstraps – because things are about to get wild! Now, let's take a quick trip down memory lane and revisit our last analysis. We talked about support zones, resistance levels, and the thrilling highs and lows of the Bitcoin rollercoaster. But guess what? The saga continues! With recent developments shaking up the market, it's time to dive back into the fray and see where the winds of fortune take us. Picture this: We're keeping a keen eye on the charts, waiting for that sweet, sweet pullback to the FWB:65K levels. But hold onto your hats, folks – there's a chance we might see an even deeper retracement on the higher timeframes. It's like trying to tame a wild bull – unpredictable, exhilarating, and just a tad bit nerve-wracking! But fear not, brave traders – the Bitcoin halving has come and gone, and you know what that means: bullish momentum galore! So, whether you're a seasoned HODLer or a daring day trader, now's the time to seize the moment and ride that bullish wave like there's no tomorrow. And hey, speaking of waves, remember the golden rule of crypto trading: Dollar-cost averaging could be your best friend right now. So, grab your surfboards and hang ten as we navigate these choppy waters together! But hey, let's not forget the most crucial piece of advice: Keep an eye on the news! With Elon Musk lurking in the Twitterverse like a mischievous crypto wizard, you never know when a single tweet could send the market into a frenzy. So, here's to the thrill-seekers, the risk-takers, and the crypto crusaders – may the charts be ever in your favor, and may your profits be as plentiful as a Bitcoin bull run! Keywords: BTC/USD, trading update, Bitcoin analysis, support zones, resistance levels, risk management, trading decisions, volatility, investing, cryptocurrency news, rollercoaster ride, dollar-cost averaging, HODLing, Bitcoin halving, Elon Musk tweets.
BITSTAMP:BTCUSDLong
by PlutusX
🔥Hours before Bitcoin Halving 2024🔥🔥 Bitcoin Halving 2024 is less than 10 hours away. 💡Before the Halving 2024 , Bitcoin seemed to have experienced an increase due to this happening . 🏃‍♂️Bitcoin managed to break the Resistance lines/Downtrend line and is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴. 🌊In terms of Elliott wave theory , Bitcoin seems to have completed wave 3 and is currently looking to complete wave 4 . 🔔I expect Bitcoin to break the 🔴 Resistance zone($66,050-$64,520) 🔴 with the help of wave 5 please break and at least rise to the 🎯 Target 🎯 I specified on the chart. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
42
Bitcoin post-Halving: Possible ScenariosFor those of you who don't know me, I have two obsessions in life: AI and cryptocurrencies. Not necessarily in this order. With the BTC Halving, I decided to explore the possible future scenarios—and to analyze the behavior of BTC during the past halvings. Here are some observations—of course, I can be wrong: 𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥 𝐏𝐫𝐢𝐜𝐞 𝐌𝐨𝐯𝐞𝐦𝐞𝐧𝐭𝐬: Post-halving, the price trajectory has shown notable patterns: • After the first halving in 2012, BTC price skyrocketed by approximately 9,900%, peaking about a year later. • The second halving in 2016 led to a price increase of about 2,946%, taking 17 months to reach its peak. • Following the third halving in 2020, the increase was more subdued at around 679%, with the peak occurring 17 months later. 𝐄𝐯𝐨𝐥𝐯𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬: The form of the price line across these halvings demonstrates a market that is evolving and becoming more resilient. Each post-halving period shows a gradual slowing down of volatility and price spikes, suggesting an increasing influence of institutional investors who tend to have longer investment horizons and more strategic approaches. This trend indicates a shift from speculative retail behavior to a more stabilized and mature market. 𝐅𝐮𝐭𝐮𝐫𝐞 𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐨𝐧𝐬: In the short run, there should be a correction. This might lead the price of BTC below $60,000. However, it seems that the cycle wasn't complete, and the sideways movement right before the halving was just a short "test" that resulted in a short accumulation phase. Since the cycle wasn't completed, BTC should at least reach $128,000 in the coming months; however, be aware that the real downfall might still be yet to come!
by ro_ma_
3
When Will "Real" Bullish Run Is Starting?This parameters basically shows you the cash money investors holding in their pockets right now. Currently, Total Blockchain market has 2.28 Trillions of dollars inside. USDT and USDC are most commonly used stable coins if we don't include FUSD which is not going to be mentioned in this section. Let's assume that all Bitcoin investors and traders holding their dollars and whatever currency they're using in stable coins. According to this hypothesis, all USDT Dominance level (approximately) currently is; %4.81 Also approximately all USDC Dominance Level currently is; %1.45 When you check the major addresses on chain data that holding bitcoin right now, you'll notice that their breakeven levels is coming closer. So it's basically means that they are buying more and more whenever the price goes lower. Especially, Coinbase whales and major addresses helped us to recover on Bitcoin after the last crash. Historically, it's a good idea to follow this guys before invest. They are the ones who simply runs the market. Let's go back to the chart and examine the Red Key Levels on the chart. First Key Level that broke below through %8 gave us a minor bullish run. Not all coins that you trade all day maybe but Bitcoin consumed most of the money that comes with the benefits of ETF's. It will happen again, Bitcoin will dominate the entire market ones more. Bitcoin mostly will rise all alone and the other altcoins (especially top 100) will watch from behind. It's simply because of ETF's. EMA 100 is about the broke (Daily) while I'm writing this which is an important indicator that I'm using in parameters like this. All short term price action basics and indicators simply telling me that Bitcoin may see another drop for a week or more but it won't matter if you can resist against it. Just hold on for a couple of more days and wait. Hong Kong and London are about to start an ETF' run (London is a little bit different but doesn't matter). Halving is about to come within a few hours which is the most bullish thing this market will ever see in its entire life. When the Red Key Level is broken (Let's say closing a week below %3.74) you will see Bitcoin in a level which you probably never expected. I expect Bitcoin to reach at least 200.000 $ until this real bullish run ends. When the 3.74 broke, Bitcoin will rise but ALTs may not due to ETF's and Bitcoin Dominance. If you are a trader, just focus on the chart, if you are an investor read below carefully. Basically, it doesn't matter if the price goes low or lower anymore. When you see the price is dropping, DO NOT be the ones who scare and run away. They are the ones we need to keep this market alive. Do not be market's liquidity, be the one who consumes it. If you see the price low, you BUY. If you see the price is going lower, you BUY AGAIN, and again, and again, and again. This is where the real bullish run begins. Good Luck to us all.
CRYPTOCAP:USDC.DLong
by vs_sayin
Halving and war update BTCThe next hours/days are really important for BTC and the whole crypto world. Halving is just around the corner and news about the wars are moving the market. What is going to happen? As everyone should know, May is a month where usually we can expect a drop on major index (Sell in May...). This would means we could see a bearish scenario on BTC and the price could rapidly drop till the $48.000/$50.000 area. The halving could help this bearish scenario but, i think we are going higher. Gold is keep rising and BTC, especially with the new ETF's, could be used as digital GOLD from funds. In this case, we could see a fast pump till new ATH. $60.000 is for sure a crucial level and this days range, is a confirmation that a brutal move looks imminent.
Long
by SaliJournal
2
BTC Bitcoin Halving Tomorrow!If you haven`t sold the Double TOP on Bitcoin: Then you need to know that tomorrow we have the Bitcoin Halving! What is a Bitcoin block halving event? Block halving events occur every four years or after 210,000 blocks on the Bitcoin blockchain. Initially, Bitcoin's block reward was 50 BTC. Presently, the block reward stands at 6.25 BTC, with the next reward dropping to 3.125 BTC. This reduction slows down the rate of Bitcoin generation. The halving is a programmed, periodic event embedded within Bitcoin's code. Why was this implemented? Conventional FIAT currencies often experience inflation because governments or banks can increase the money supply. In contrast, Bitcoin has a finite total supply of 21,000,000 BTC, meaning no additional coins can be generated beyond this limit. This fixed supply, coupled with potential shifts in demand as Bitcoin adoption grows, positions it similarly to gold - a resource with a restricted supply that cannot be artificially inflated. My new price target for Bitcoin after the halving is $52K.
Short
by TopgOptions
3
BTCUSDT OUTLOOKThe $59000-$61.000 range is a very good entry area before halving, but this price depends on Bitcoin Price Action (BTC) and depending on news from the war taking place in the Middle East. Here are some factors to consider: 1. BTC price action: Keep an eye on BTC price action. If BTC starts to drop, then MANTA is likely to follow. 2. Volume: Look for increased volume on MANTA. This could indicate that buyers are entering the market. This is not Financial Advise!. It is important to do your own research before making any trading decisions.
Long
by mrskyzo
BITCOIN TO 100K SOON ✨Bitcoin has been moving in an uptrend since the beginning of 2023. By looking at the current price action and using the impulse-correction-impulse concept, we can see that Bitcoin is preparing for another upside move toward 100k. Using Elliot Wave theory, we are now in wave 4 ( Correction ), and what we are expecting is wave 5 ( Impulse ). LONG Entry: - Look for the rejection of channel support and 0.382 Fibonacci level - Wait for the first bullish candle to be printed - Stoploss: below the bullish candle after entry - Target: 73k, 83k, 96k, and 109k Good Luck and as always trade safe!
BITSTAMP:BTCUSD
by Tradenessfx
1
Bitcoin colsolidation at last peak 69kBased on price action i have several views as follows: 1. CRYPTOCAP:BTC today is consolidating in the price range of 60k-69k which is a consolidation at the previous peak in 2021, when a breakout usually this will indicate a very strong bullish trend like the green line scenario. 2. CRYPTOCAP:BTC has some possibility of experiencing a deep decline to the 48k-52k area, because in that area there is a minor support area. 3. As several geopolitical conditions occur that affect the entire market, CRYPTOCAP:BTC will also celebrate its inflation cut through what we call "halving day" so that several downturns often occur before the halving, such as in 2016 and 2020 when the crash occurred. Whatever your decision, the dollar cost averaging strategy can be used so that you can buy regularly and not be too surprised when a downturn occurs and buy in cheaper areas to get more bitcoin. Regards
Long
by monerolucifer
What historically happens after the Bitcoin halving?After a Bitcoin halving event, several trends typically occur: 1. Supply Reduction: The most immediate impact is a reduction in the rate of new Bitcoin creation. Halving cuts the reward miners receive for validating transactions in half, reducing the rate of Bitcoin creation. This is intended to control inflation and ultimately limit the total supply of Bitcoin to 21 million coins. 2. Price Volatility: Historically, Bitcoin prices have shown significant volatility around halving events. Leading up to the halving, there's often speculative buying as investors anticipate reduced supply. After the halving, there can be a short-term price increase or decrease as the market adjusts to the new supply dynamics. 3. Miner Behavior: Some miners may find it unprofitable to continue mining after the halving if their operational costs exceed the revenue generated by mining rewards. This could lead to a decrease in hash rate (the computational power securing the Bitcoin network) if a significant number of miners shut down their operations. 4. Market Sentiment: Halving events often generate media attention and discussions within the cryptocurrency community. Positive sentiment around the potential for scarcity-driven price increases can contribute to price rallies. 5. Long-Term Price Appreciation: Over the long term, many Bitcoin proponents believe that the reduction in the rate of new supply issuance will drive up the price of Bitcoin. This is based on the principles of supply and demand economics, where a reduced supply, coupled with steady or increasing demand, could lead to higher prices. 2016 Halving: The second Bitcoin halving occurred on July 9, 2016. In the months leading up to the halving, Bitcoin's price experienced a significant rally. After the halving, there was a period of consolidation followed by continued upward momentum in the months that followed. However, there were also short-term price corrections during this period. 2020 Halving: The third Bitcoin halving occurred on May 11, 2020. Leading up to the halving, there was considerable speculation and anticipation in the market. After the event, Bitcoin's price initially remained relatively stable, but it experienced significant volatility in the following weeks and months. Overall, Bitcoin's price trended upwards in the months following the 2020 halving, reaching new all-time highs in late 2020 and early 2021.
by TopgOptions
🔥BITCOIN before HALVING at $80,000? 🚀1️⃣ Below the Bitcoin price, there is an important demand zone reaching $64,000 - it is possible that from this zone there will be an increase towards the levels marked on the chart. 2️⃣ The emergency zone for possible increases is demand zone no. 2, reaching $59,000. 📈Privately, I believe that the increase may occur from zone 1, the current situation looks analogous to that of 2016. in terms of price structure. 📋EFTs - Halvings are just another piece of the puzzle, for years we have been using cyclicality and reading the price structure to determine what is likely to happen without following mainstream news, remember those who produce news are already on the market, including BlackRock, Vanguard, StateStreet. Wake up, The Matrix is real ;) If you also follow BTC - leave a 🚀
CRYPTO:BTCUSD
by cryptodailyuk
Complete analysis of BTCHello dear friends, I hope you're doing well. Currently, Bitcoin is in a ascending channel. Given the ongoing conflicts like Russia-Ukraine, Israel-Hamas, and Lebanon, people's excitement for buying is natural. In my opinion, two scenarios could unfold: 1: Due to people's emotional behavior and speculative pricing, after reaching the FVG range around $73,000, Bitcoin could return to the channel's floor. 2: After a bullish move to the middle of the channel, we might head towards the historical ceiling at $74,000 and then return to the channel's floor. ---------- Please note, this market is full of smart and psychological traps. For example : Pay attention to the yellow triangles. They often represent strong support after multiple touches, allowing for comfortable long positions upon subsequent encounters. Also, the possibility of fake breakouts at the channel's ceiling is high. ---------- Regarding important news about USDC stablecoin: Binance has halted support for USDC stablecoin on the Tron network. What might be the reasons behind Circle (the issuer of USDC) removing support for the Tron network? Most likely, USDC has been forced to take this step to appease US regulators. There's a high likelihood that Justin Sun, a major figure in the market, might face a fate similar to CZ. He manages TRX, BTT currencies, and the Poloniex exchange. ---------- Regarding Tether dominance, the $3.80 support range is the biggest barrier to Bitcoin's upward movement. ---------- Timeline analysis: Friday, March 28, and Tuesday, April 8, are crucial days ahead, preceding the halving event. I'd be happy to share your opinion with me. Your likes, follows, and comments give me energy.
by Sadegh_Sh
15
💎 BTC/USDT - Going for $100K ? (READ THE CAPTION)By checking the Bitcoin chart in the weekly time frame, we can see that the price after the correction up to $64,000 went up again and increased up to $72,800! Now the price is trading in the range of $70,000 and in 7 days we will witness bitcoin halving which can cause heavy fluctuations of this cryptocurrency! We are impatiently waiting for this event! After halving, we may see Bitcoin grow up to $100K! But be careful, before the start of this growth, we may see a drop and dumps in the price to Stop Hunt for collecting liquidity from the whales! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
3
Halving, the biggest crypto trap 😱As we already know, halving is approaching, so let's take a closer look at it. As we can see on the chart, the price after halving has always started to increase, but will it be the same this time? Currently, the price oscillates around $68-69,000, where a support level has formed after the declines at the beginning of the week (April 8). However, current movements indicate that the sale of bitcoins is slowly starting, which may not be optimistic about breaking through the recently created ATH, but we will soon see the long-awaited bitcoin halving. The next decline, which will happen before this big event, will cause more and more people to open positions for further increases, as well as people who do not participate in this market on a daily basis will start buying after hearing about this event, which will result in an inflow of new capital to the market. In a normal situation, we should expect increases, but is it really? We will pay attention to situations during the approval of ETFs, where the price, instead of increasing, stopped, and we could even observe a decrease. This was due to the fact that this event was already priced, just as it may be now in the case of Halving. Recent movements on etherum perfectly illustrate the situation, how the price reacts to specific cases, information and rumors. On Monday, there was a lot of talk about the possible approval of ETFs also on ETH in May, so the market reacted to it with a sudden increase of 10%, but it was not maintained for long, because we can already see a decrease of 7%. This only shows that "fresh" rumors and news have a huge impact on the market, but we have known about halving for a very long time. PS. Today's inflation data from the USA, in which we can notice that inflation continues, may only intensify the reactions, where after the increase around Halving we will later see a correction instead of the promised $100k.
by cryptodailyuk
When will bullish trend of Solana end ?(Price and time analysis)Hello everyone, I hope you're all doing well. It seems that SOL has completed five waves and is now likely to undergo a corrective wave of three. Negative divergence between waves 4 and 5 in RSI or MACD is often a sign of the end of wave 5. Keep in mind that both FVGs have filled out the weekly important points. I don't recommend taking positions, but if you intend to, remember to manage your capital and risk properly without forgetting about rewards. (Because Solana is very Savage.) Time analysis: In the Solana dominance chart, two days are significant: - Today, which we witnessed the decline, and the next day, Thursday, March 28th, where there's a possibility of significant media news within this time frame, such as the sale of assets by the FTX exchange. - The last day is April 13th. In summary, be cautious with your positions over these 25 days. P.S : The SOL.D chart is for yesterday. I suggest you thoroughly read the analyses linked below: USDT.D BTC.D BTCUSDT I'd be happy to share your opinion with me. Your likes, follows, and comments give me energy. The RSI indicator also suggests a complete cycle. After starting from a small uptrend channel, it's currently completing an Elliott Wave cycle. ....
Short
by Sadegh_Sh
12
Complete analysis of Bitcoin (time and price analysis)Hello dear friends I hope you have used Bitcoin and Tether Dominance analysis (I informed the exact date of the previous 2 corrections) We are at a stage of the market where it is very difficult to overcome greed, be sure that if the market was going to make more profit than this, I would have opened a long leverage position of 3 or 5 right now, but it is not the case. Some friends say that Tether has minted 9 billion dollars during this period, this is a bullish sign, well, in the history of crypto, Tether has minted almost another 90 billion dollars, but it has never been able to break its long-term support line (Tether Dominance Analysis). So from the psychological point of view, it has a strong impact on the price. 2 simple technical tips to prove the weakening of the Bitcoin trend: 1- After breaking the resistance of 53,000 to 54,000, in the 4-hour or daily time frame, the price moved without a pullback, and as you can see, a FOMO wave was formed. 2- This Fomo wave has formed 3 FVG (price gap) in a row, which technically closes sooner or later when the price reaches this area. Taking into account Bitcoin charts, Bitcoin Dominance, Tether, and proximity to halving, the probability of price correction is higher than increase, so I open a short position with leverage of 3-5% and place stop loss 2-3% higher than time limit, in order to manage capital and risk. I will place it from the historical ceiling (target range of 53-54 thousand) Friends, pay attention, maybe a pattern will form in the lower time frame (1 hour or 30 minutes) and its ceiling will break, but this movement is nothing but a bullish trap. Time analysis: I think the time range from March 11th to 25th, is the golden 14 days of the market to enter the corrective phase, note that the market maker is in control of the media and will do anything to make people excited. I suggest you read the previous 2 analyzes. I would be happy if you share your opinion with me. Give me energy by liking and following me.
Short
by Sadegh_Sh
7