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Bitcoinhalving

BITCOIN: What Happens Next to the Crypto Market?WisdomTree has filed with the US Securities and Exchange Commission for a spot Bitcoin ETF. The company describes the proposed investment vehicle “WisdomTree Bitcoin Trust” as an ETF that will be listed on the Cboe exchange BZX under the symbol BTCW, according to a June 20 filing. WisdomTree's ETF — or any other spot Bitcoin ETF — will give institutional investors access to the value of Bitcoin without investing directly in the cryptocurrency. WisdomTree filed a very similar ETF in 2021. CboeBXZ then filed a proposed rule change in January 2022 to support WisdomTree. The SEC rejected that rule change in October 2022, citing problems with inadequate surveillance-sharing agreements and protections against market manipulation. WisdomTree's latest filing comes just days after asset management giant BlackRock filed a Bitcoin ETF. While BlackRock's filing has yet to be approved, some are optimistic about the company's ability to provide a satisfactory surveillance-sharing agreement. Bitwise has also filed for a Bitcoin ETF for immediate delivery after BlackRock. Some rumors suggest that Fidelity is planning a spot Bitcoin ETF, although those rumors have not been verified. The SEC has yet to approve any spot Bitcoin ETFs in the United States.
BINANCE:BTCUSDShort
by Sphyn-Trader
Altcoins' Downturn & Bitcoin's Unmatched SupremacyLet's cut to the chase. As an advanced analyst, I see a cataclysmic drop in altcoins on the horizon (obviously). This isn't just a hunch; my trusted charts reveal a looming dive to super low levels. Even stable-coins like tether, which often a safe haven, are part of this story, affecting the Total2 index. Stable coins make up about 120 billion dollars (20% of Total2) as of June 13, 2023. But don't worry! Bitcoin stands tall amidst this chaos. It's the clear leader, shining in technical prowess and visuals. Altcoins, in comparison, are garbage securities which just don't measure up. As altcoins lose steam and get sued to zero, I see money moving back into Bitcoin, further solidifying its top spot. In short, brace for an altcoin shake-up, stay prepared, and always trust the charts. Especially mine. Not these SCAM ARTISTS who know ASBOLUTELY NOTHING about financial markets. See my inverse - Bullish Bitcoin idea linked below...
CRYPTOCAP:TOTAL2Short
by MichaelBsul
4
Bitcoin Halving - What Seems More Probable?Some analysts are calling for a wave 5 bull run to a new all-time high to 100k or more, any day now. When putting this idea up next to the next scheduled halving on approx. April 15th of 2024, does it seem like it makes sense given Bitcoin's historical behavior around halvings? It could make sense if it broke above this rising wedge and continued higher beyond the 2024 halving. However, it may make more sense to see a temporary rise in price taking Bitcoin to a lower or same high as our previous ATH, and then dropping back down near the levels we are presently at around the 2024 halving. Bitcoin typically remains in a negative correlation with DXY, less so when looking at CC, more so when comparing price action and corresponding peaks and valleys between the two: Should this remain true, DXY may threaten Bitcoin's recovery, cutting it short - or even causing it to drop significantly further than anything shown above. What do you think will occur?
INDEX:BTCUSD
by dudebruhwhoa
Btc Update in My Opinion Btc going fall down in coming days. But Even if there is a bitcoin pump, it will go to a maximum of 35k to 42k. After that he has to fall down very badly 18k. If Bitcoin seems to be pumping, you guys don't think the bullrun has started. Because if we analyze the chart from the previous halving, Bitcoin looks like a dump. This is a swing trade, it may take time to hit the targets, so it is recommended only for those members who have patience according to their financial condition. Only those who can wait should take this trade according to their financial condition.
INDEX:BTCUSDShort
by Houseofcryptokings
Bitcoin Boom-Bust Cycle PatternsFrom a technical point of view, it is seen that Bitcoin making its 4th boom-bust cycle move. The black line I drew on the logarithmic chart has been acting as support and resistance regularly since 2012. The past 3 boom-bust cycle patterns have been applied to the cycle that we’re in right now. The Yellow line is between 2012-2014; The blue line is between 2018-2021; The green line represents the boom-bust cycle from 2014-2021. In my personal opinion and when I look at the support that Bitcoin found at the $16500 level, I think the scenario will be like the Blue line.
INDEX:BTCUSDLong
by YavuzAkbay
Halving High Pressure Zone? 🙌🏻 This could be the answer 🤔 In this video we explain a new item we found in the chart which we call the "Halving High Pressure zone". As we approach the halving date there is ever increasing downwards pressure on the bitcoin price. After the halving, as we move away from the halving date this downwards pressure decreases which results in upwards price movement. Could this be half the answer to why mini-bull markets form? Check out this video. Thanks for watching!
INDEX:BTCUSDLong
by TheCryptoWeatherChannel
Bitcoin Trading Overview Hello! Today I would like to share my observations regarding the current situation with Bitcoin. Currently, Bitcoin is trading within an ascending channel, which is a positive signal. Its current position in the middle of the channel may indicate that we can expect price fluctuations in the near future. However, it is important to note that we need to closely monitor the further price movement in order to determine the direction. On the chart, I have marked several zones that may be significant. First and foremost, I anticipate that we may move towards the upper boundary of the ascending channel. If such a movement occurs, it could serve as a good signal to open positions in the direction of growth. However, we should not rule out the possibility of the price dropping to the level of $23,000. If this happens, it could create an excellent opportunity to enter the market at a favorable price. It is important to know your risks and always have a capital management strategy. Please note that these are just my thoughts and should not be considered as financial advice.
by CHOWTRADE
1
btc near major resistance zoonHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below. Now major supports are: A. 26000$ daily support B. 23500$ major Fibonacci support levels major Resistances are: A. 30000$ Channel retest of breakout B. 32000$ major Daily resistance
by bullstraders7
The Bitcoin Halving and its impact on the bitcoin priceWhat exactly is the Bitcoin halving? The issuance rate of Bitcoin networks is lowered in half every four years, or every 210,100 blocks. This is referred to as the Bitcoin Halving. -A Bitcoin halving event occurs when the reward for mining Bitcoin transactions is cut in half. -Halvings reduce the rate at which new coins are created and thus lower the available amount of new supply. -Bitcoin last halved on May 11, 2020, resulting in a block reward of 6.25 BTC. -The final halving is expected to occur in 2140 when the number of bitcoins circulating will reach the maximum supply of 21 million. Since Bitcoin's birth, there have already been two halvings. The first occurred in 2012, while the second occurred in 2016. These occurrences have also resulted in huge increases in the price of Bitcoin, with gains of more than 1000% being frequent. The third halving is rapidly approaching and is scheduled to take place in May 2020. Following this halving, the block reward will be lowered to 6.25 BTC. This post explores how the past two halvings affected Bitcoin's price and looks for trends, if any exist. The First Halving On November 28, 2012, the first first Halving took place. At the time, one BTC was valued around $12. About a year before the halving, the price of Bitcoin began to rise. 1 BTC was valued around $2.50 about a year before the event, and roughly about 5$ 6 months before the event. The price of Bitcoin rallied massively only 6 months after Halving. Bitcoin rallied by 1025% to about 125$ per BTC in only 6 months. From the Halving event to the November 2013 peak (about 1 year), the price of BTC rallied by 9438% to about 1160$ per Bitcoin! In addition, from the uptrend that started on November 2011, to the peak on November 2013, the price of BTC rallied by a massive 46400%! While the gains following the initial halving were phenomenal, the Mt. Gox debacle in late 2013 caused Bitcoin to lose almost 80% of its value, among other things. This was also the beginning of a long bear market for Bitcoin, and it took nearly two years for the downturn to be reversed. The Second Halving On July 9th, 2016, the second halving took place. During this time, one BTC was worth approximately 650$ (an increase of almost 4105% from the first halving price). About 9 months before the Halving, the price of Bitcoin began to rise. A year before the event, 1 BTC was valued approximately $275, and 6 months before the event, 1 BTC was worth approximately $380. The 2nd Halving began a tremendous bull run that lasted around 18 months. Bitcoin's price increased by roughly 4105% from the Halving date to almost 20,000$ per BTC at the pinnacle of the bull trend. This bull market lasted approximately 18 months and peaked in late 2017. From the beginning of the upswing in October 2015 to the climax in December 2017, the price of BTC increased by a whopping 6666%! While the gains were tremendous (to say the least), the price decline and protracted retrace that happened following the top resembled the 1st Halving in many ways. Following its high in 2017, Bitcoin fell roughly 85% in a year. In December of 2018, the price reached a low of roughly $3100. The Third Halving The third halving occurred in May 2020. The 3rd Halving started a tremendous bull run that lasted around 17 months. Bitcoin's price increased by roughly 695% from the Halving date to almost 69,000$ per BTC at the pinnacle of the bull trend. This bull market lasted approximately 17 months and peaked in late Nov 2021. The fourth Halving The fourth halving is projected to occur in April/May 2024, and we may expect increased Bitcoin values, which might result in the value of one bitcoin reaching $100,000.
INDEX:BTCUSD
by bashislitty
We have "reverted to the mean" of 2017 (Long from here)If we go back to 2016-2017 and create the average trend line leading to present time (light blue line), you will see that the 100D MA has bounced off support and now making way to potentially forming a "golden cross" with the 500D MA. Obviously, we could see consolidation between the $20K and $30K range for quite some time, but in the long term we are still following the long term mean. I believe the light blue line will remain an area of safety (hardened support) and will continue the long term trend "up" following the 2024 halving. TLDR: We have already hit rock bottom.
COINBASE:BTCUSDLong
by Darthstrukt
1
Bitcoin Bottoms and Tops ( Future Price Movement)Hi Guys , i was interested to Bitcoin where the Tops and Bottom are,or why was the top at 19k in dec 2017 and not 30k or 40k well i analysed the chart a bit and im also surprised how it developed since the start. OK lets GO and i tell you what i found here in the Charts. First the Chart is in log scale. Yellow lines are the halving events. In the first cycle i looked into the date range oct 11 to january 13, it looks like Bitcoin settled up first nicely a uptrend (Green Trendline), no huge pumps and slowly rising. Finally after halving, it took some months to Massive Price movements for Bitcoin. Well now we come to the interesting PART The second and third cycle looks also similar, after breaking every Supportline(RED arrows) if it comes down from ATH we builded up the Bottom for Bitcoin, the range how much bitcoin takes to bottom out is different.(mostly 10-14 months) and started to build up a new uptrend with supportline, slowly till halving event. When the halvings finally happened it took generally some month to start massive Pumps. It looks like halving events are the real catalyst for massive Price Pumps and leading to new ATHs. NOW, when we look ,where are the Tops and Bottom for Bitcoin ? we have to look into second cycle, we can see that the green trendline from the the first cycle acted in the second cycle the ATH top in dec 2017. when we came down to the uptrend line in the second cycle , we broke it, formed bottom, but rallied here to the previous support line from the second cycle which was the local TOP and acted here as RESISSTANCE. maybe coincidence? well lets have a look into the third cycle. we broke the uptrendline from the second cycle. spent some time here at same levels but suddenly we pumped here again but the local top was again the previous trendline from the second cycle. it acted here clearly as ressistance and we dumped till the halving event. After this the real Pump occured on Bitcoin which was lead to over 60k. But why we stopped at 60k? well again the previous uptrend line from the second line acted here as ressistance. The fourth cycle which we are in now , i think we formed the bottom. because the date range compared to previous cycles are similar 10-14 months.The next step is now the possible scenarios that i will write down. What i think about Bitcoin is that, we cant really know how much Bitcoin can go down after we breakdown the trendline, but it looks like we formed now finally the bottom. Possible scenarios: 1. Bitcoin pumping to the Third Cycle Uptrendline which will act as ressistance again and dumping till halving to form the new uptrend line. After Halving we see the real Pumps. Price target here would be : 60-75k, then we dump till halving, we rise after halving slowly and building up the new uptrend line and pump again to the previous Trendline from the third cycle which would be Pricetargets over 200k+ 2. we rising slowly and building up now the new uptrend line till halving and then seeing Massive price movements above 200k. Maybe this Idea answers you why we stopped at excactly 19k and 64k and not on different prices. NFA
BITSTAMP:BTCUSDLong
by halildemir9518
4
What is Bitcoin Halving?Bitcoin halving is a significant event on the Bitcoin network every four years. During this event, the block reward that miners receive for verifying transactions and adding new blocks to the blockchain is reduced by 50%. This means that the rate of new Bitcoin creation slows down, and the total supply of Bitcoin approaches its maximum limit of 21 million. Bitcoin halving is a programmed event and is built into the Bitcoin protocol to ensure that the inflation rate of Bitcoin remains controlled and predictable. The reduced rate of new Bitcoin creation and the expectation of scarcity can increase the value of Bitcoin, which has historically led to an increase in the asset's price in the months leading up to a halving event. Despite this, the market can be unpredictable, and the impact of halving Bitcoin's price is not guaranteed. However, the reduced supply of Bitcoin resulting from halving helps to maintain its value and ensure that it remains a finite and scarce asset. The previous Bitcoin halving occurred on May 11, 2020, at a block height of 630,000. At that time, the block reward for miners was reduced from 12.5 BTC to 6.25 BTC per block. This was the third halving event in Bitcoin's history, following the first halving in November 2012 and the second halving in July 2016. The next Bitcoin halving is expected to occur in march 2024, at which point the block reward will be reduced from 6.25 BTC to 3.125 BTC per block. After the first Bitcoin halving in November 2012, the price of Bitcoin increased by over 8,000% over the following year. After the second halving in July 2016, the price of Bitcoin increased by around 2,500% over the following 18 months. After the most recent halving event in May 2020, the price of Bitcoin initially experienced a slight drop but quickly recovered and went on to gain over 300% in value over the following year, reaching an all-time high of over $64,000 in April 2021. Thanks Hexa
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INDEX:BTCUSDEducation
by HexaTrades
19
Analyis of BTC Reactivity Zones using Time based FibonnaciImportant to Note: WEEKLY CHART BTCUSD 4 red circles 2 time-fib zones marked by grey 0 ranging from year 2017-2025 1 fibonnaci retracementt zone represents last low to high price 2800 -6900 2 black horizontal lines representing buy zone Analysis is not trading advice and subject to change. 1. Fibonnaci retracement tool marked from previous low to high of price 2800-6900 shows price breaking below previous low 2800. I decided to trace back for possible zone price would likely revisit, see RED CIRCLE 1. Circle 1 shows key price action at 1981 where BTC experienced its first major "bull run" July 2017, however, this zone was NEVER retested despite todays current price action with recent high of 6900. Thoughts: based on retracement tool price will seek to react at extension level at price 14500 or react at price 1989 based on market structure. 2. For time based fibs (do your own research for understanding). Based on RED CIRCLE 1 in year 2017 the first time based fib indicates high to low at that point. Time fib tells us that number 1-8 are irrelevant and to look for price action at numbers 13, 21, 34, 55 etc. RED CIRCLE 2 indicates BTC second "bull run" at number 13 indicated by vertical blue line. Today, 5 years later we are approaching RED CIRCLE 3 at number 21 on time fib. Thoughts: based on price that never retested the zone is still valid for buy entry and we are preparing to experience reactivity. 3. Since time based fibs proved to be true for 2017 previous bull run, i decided to compare most recent low and high price 2800-6900 using time fib, indicated by second grey zero vertical line. Again, time fib tells us that the numbers 1-8 are irrelevant and to look at price action at numbers 13, 21, 34 etc. It is key to note that at RED CIRCLE 4, number 34 and 13 create an overlap in both time based fib analsyis. This overlap also occurs 5 years from today just after the next BTC halvening event. Thoughts: based on ideas of time based fib we see multiple overlaps in MAJOR chart events expected to occur in future. Conclusion: Im looking for price reactivity for BTC within the next month (not a prediction) and will utilize 14500-2000 as a potential buy zone for the next bull run over the next few years. I don't predict the chart, I just react to it, Happy Swing Trading :-)
COINBASE:BTCUSDLong
by TeeAmoretta
Long term Bitcoin forecastIt seems that we are in a Bitcoin drawdown right now, but there is hope on the horizon (well 2 years from now). At each halving Bitcoin has rallied higher and hit a new all-time high. This cycle lines up with the presidential election years. So you may want to DCA(dollar cost average) into BTC now. The three instances are 2013, 2017, and 2021 when the Bitcoin rallied after halving in 2012, 2016 and 2020. So the next halving is in 2024 which possibly means a rally in 2025 to new all-time highs. Bitcoin is deflationary and could be welcome at a time of high inflation so lets pray and wait, and hope bitcoin hits $500,000.
COINBASE:BTCUSDLong
by forexmilitia
1