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Bitcoin Post 4th Halving Price Prediction for 2024Hello my friends! I am back after a long break. Bitcoin has just experienced it's 4th halving event. I took it upon myself to look into past Bitcoin price movement patterns, looking into how Bitcoin's price reacted immediately after Bitcoin experienced a halving event. I'm primarily using a historical time-based analysis approach. Here are my findings: - Bitcoin's prices seem to hold for about 60 days, and then either pump or dump. - Bitcoin appears to experience its constant bullish price movements (bull run) 60 days immediately after each halving event. - Bitcoin appears to reach its final top 133 to 525 days after each halving event (average is 329 days). - Bitcoin appears to reach its top every 1162 to 1449 days each time it touches the upper trend line. - Bitcoin is currently in a major Cup and Handle pattern spanning from 8th of November 2021. We are currently in the 'Handle' phase. My Predictions: - I predict that Bitcoin will go down to 52000, and hover around 53K and 54K for the next 2 months (29th of April 2024, until the 4th of July 2024). - I believe we will promptly head back to 70K at around the 11th of July 2024 (± 5 days). - I predict that there will be a FOMO event once we break all-time-high (73K), and a major psychological FOMO event once we reach 100K as everyone tries to get their hands on some Bitcoin before it's price gains another significant figure for the first time since November 29th 2017 (9999 -> 10000). Entry and Exit Strategies: - I believe we will reach tops of anywhere between 160K to 185K sometime in December 2024, which will be the most ideal time to exit one's Bitcoin position. - Possible entry options are 52-58K , and 78K-88K (once we exist the Cup and Handle). - The least riskiest entry option is approximately 62 days from the 4th halving event, just as it's breaking upward past 57500. Don't forget, Patience is Paramount. Happy trading :)
BITSTAMP:BTCUSDLong
by PatienceIsParamount
3
BTC future? Store of value? Read and think about itMichael Saylor often says, " CRYPTOCAP:BTC is a store of value that you will pass to your kids." I will demystify CRYPTOCAP:BTC and share my long-term vision of what Bitcoin will become in the future. This is a philosophical perspective, so take it as such. Bitcoin is a digital asset, which means there is no cost to duplicating it. Like all digital assets, they eventually get cracked and revert to their real value, which is zero. Any physical object, on the other hand, has value derived from the cost of its production, including the labor involved. It is tangible and cannot be magically duplicated, making any physical object more valuable over time as most get lost, destroyed, or become rarer and more valuable. This is common to any item like books, music keyboards, game consoles, etc. Bitcoin compensates by having an encryption algorithm stronger than any music DRM protection, and its production cost is tied to the difficulty of mining. However, there are several problems with this concept: 1) All DRM and encryption get cracked eventually because technology evolves, and what seems impossible today may become feasible and straightforward tomorrow. 2) The cost of mining Bitcoin increases as its value does. But if the value does not increase sufficiently, it can become unprofitable to mine, and in that case, the entire network could disappear, become unsafe, or lose value. 3) Since it is a digital product, like MP3s, Bitcoin can be duplicated at no cost and has been many times. $ZCASH, NASDAQ:DASH , CRYPTOCAP:LTC , etc., are just copies of the Bitcoin source code with another name and a few modifications. Considering all this, the future of Bitcoin seems limited. Technology will eventually enable hacking of its blockchain, miners will one day become unprofitable and switch to another blockchain, etc. Is Bitcoin a store of value? Yes, it is now, but no, it will not be in the long term. The day Bitcoin is cracked, or when miners stop mining it en masse, that will be the end. All the value of Bitcoin will disappear. Bitcoin is the experimental first version of a cryptocurrency that works, but only that. Does this mean all crypto has no value? Of course not. A lot of innovation has been discovered; take ZK Layer technology, for instance. It manages the blockchain in a better way—cheaper, faster, and more anonymously than Bitcoin. The rise of Bitcoin will show what crypto is capable of, but something else will replace it and become the crypto used by people to buy things. Bitcoin will not replace gold; it is not digital gold. That is a marketing trap. Bitcoin is an experimental tool, the first fully working crypto payment system, but its future is to become obsolete and be replaced by more efficient solutions.
INDEX:BTCUSD
by CryptoNikkoid
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) Technical Analysis and Trade Idea Upon analyzing Bitcoin (BTC), we observe a persistent downtrend. Notably, the price has recently entered a crucial support zone and experienced a retracement, potentially presenting a sell opportunity. In our video, we delve into various aspects of technical analysis, including trends, price action, and market structure. It is essential to emphasize that the content provided is solely my opinion for educational purposes. It should not be interpreted as financial advice. Trading inherently carries risks, and prudent risk management practices are paramount.
BINANCE:BTCUSDShort
by fxtraderanthony
Deciphering Bitcoin Trends: Insights and AnalysisA large supercycle wave is composed of smaller supercycle waves. Each supercycle wave consists of multiple cycle waves. A cycle wave is made up of primary waves. Primary waves are formed by intermediate waves. Intermediate waves are composed of minor waves. Minor waves are made up of minute waves. Minute waves are composed of minuette waves. Minuette waves are formed by subminuette waves. I believe the current price movement is indicative of the first wave of a downward trend.
BINANCE:BTCUSD
by MIA_MASTER
Decrypting Bitcoin: Insights from a Financial ExpertBitcoin, the pioneer cryptocurrency, continues to reshape the financial landscape, attracting attention from investors and analysts worldwide. Here, we provide insights into Bitcoin's current dynamics through the perspective of a financial expert. Bitcoin's Origin: Emerging in the aftermath of the 2008 financial crisis, Bitcoin represents a departure from traditional monetary systems. Its decentralized nature, powered by blockchain technology, challenges conventional notions of currency and finance. Analyzing Shorter Timeframes: In trading, refining our analysis to shorter timeframes such as the 5-minute (5M) or even 3-minute (3M) charts can offer valuable insights into potential entry and exit points. This approach allows traders to capitalize on intraday opportunities with precision. Seeking Confirmation: When considering a trade involving Bitcoin, it's essential to wait for confirmation at key levels. This confirmation might come in the form of price action signals, technical indicators, or other market factors aligning with the trading strategy. Adapting to Market Conditions: Bitcoin's price dynamics are influenced by various factors, including market sentiment, regulatory developments, and technological advancements. Staying informed and adaptable to changing market conditions is crucial for making informed trading decisions involving Bitcoin. Risk Management Strategies: Effective risk management is paramount when trading Bitcoin or any other asset. Implementing stop-loss orders, managing position sizes, and adhering to risk-reward ratios help mitigate potential losses and preserve capital, especially in volatile market environments. In conclusion, Bitcoin represents a disruptive force in finance, blending technology and economics in unprecedented ways. By combining fundamental analysis, technical insights, and risk management strategies, investors can navigate the complexities of Bitcoin trading with confidence and precision.
COINBASE:BTCUSD
by MIA_MASTER
6
BTC Bitcoin Technical Analysis and Trade IdeaExamining Bitcoin (BTC), this analysis identifies a potential short-term long trade. We'll be deconstructing the current price trend, meticulously evaluating recent price action, gauging market forces, and targeting a potential entry point aligned with favorable technical indicators (further details provided in the video). However, I cannot emphasize enough the importance of robust risk management practices. By its very nature, this video is for educational purposes only and should not be interpreted as financial advice.
BINANCE:BTCUSDLong
by fxtraderanthony