BitcoinLong
Logic vs Risk management
Bitcoin halving…
Not something new, but still take a look at the charts of the last two halvings, what’s the major difference ?
1st halving when BtC price was in around 350$ to 1,000$ and jumped up to 19,000$ just a year after, was just a hype. No body believed that some crypto currency would do something like that big.
Outcome: Bitcoin got down to 3,000$ and slowly risen up to 7-8k$ in the next 3 years.
2nd halving is when bitcoin got to 12,000$ pretty easy, a year after it, why ? Since people understood and saw, it is here and it is here for long, so you can trust IT(BTC). What we see after ? Elon Musk is killing it bringing BtC to 67,000$ with a hype again, strange isn’t it ? Just like in 2017 it(BTC) went, where it could be and went down where it should be to 23k.
Now we are experiencing a third halving. When people don’t trust the banks and see the markets during wars collapsing… sooo what do we see now ?
BtC support levels were around 22,000$ and resistance was around 25,000$, but the price we see now for over a week of 34,000$ is pretty much not even new support or resistance but just a safe zone to buy more. Than we could see 40k zone that will become a new support level and 45,000$ should be its resistance level for around 6 month after halving will be done…
Not something new, but still take a look at the charts of the last two halvings, what’s the major difference ?
1st halving when BtC price was in around 350$ to 1,000$ and jumped up to 19,000$ just a year after, was just a hype. No body believed that some crypto currency would do something like that big.
Outcome: Bitcoin got down to 3,000$ and slowly risen up to 7-8k$ in the next 3 years.
2nd halving is when bitcoin got to 12,000$ pretty easy, a year after it, why ? Since people understood and saw, it is here and it is here for long, so you can trust IT(BTC). What we see after ? Elon Musk is killing it bringing BtC to 67,000$ with a hype again, strange isn’t it ? Just like in 2017 it(BTC) went, where it could be and went down where it should be to 23k.
Now we are experiencing a third halving. When people don’t trust the banks and see the markets during wars collapsing… sooo what do we see now ?
BtC support levels were around 22,000$ and resistance was around 25,000$, but the price we see now for over a week of 34,000$ is pretty much not even new support or resistance but just a safe zone to buy more. Than we could see 40k zone that will become a new support level and 45,000$ should be its resistance level for around 6 month after halving will be done…
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