BTC Update After HalvingBitcoin Is Currently Trading At $64500 ,
BreakOut And Holding Above FWB:65K Will Lead To $70k Again.
But
BreakDown Of Current Support ( GETTEX:59K ) Will Lead To Huge Bleeding Till Major Support ($50k - GETTEX:54K )
Next 48 Hours Is Very Important , For Confirmation Of It’s Direction .
So Keep Eye On It
#NFA #DYOR
Halving2024
BTC: Next price Halving 📊Analysis by AhmadArz: #BTCUSD
By calculating the price growth in the 4-year halving time frame, we came to the conclusion that with the growth of the Bitcoin market cap, its growth will be halved and we can expect $120,000 from Bitcoin, and it is expected to grow up to 270,000 dollars in halvings.
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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.
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.
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.
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.
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!
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
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.
🔥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 🚀
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.
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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.
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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.
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Regarding Tether dominance, the $3.80 support range is the biggest barrier to Bitcoin's upward movement.
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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.
💎 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
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 $100k.
BTC HALVING APRIL 2024! 479497$As we approach the impending halving event in 2024, slated to commence in a month, speculation arises regarding its potential outcomes. Historical data provides insights into recurring patterns, yet uncertainty looms regarding whether past scenarios will manifest once again.
We invite your insights:
Do you foresee growth or a departure from traditional trends towards decline?
Your perspectives are welcomed and valued.
KNC Target price weekly tp1:1.2513 ,tp2 1.5110 ,tp3 1.6903KNC decentral exchange duration Halving
Token with strong fundamental base
entry level1(Pitchfork Trigger line):0.9310
entry level2(Triple bottom): 0.9700
Target price weekly
tp1:0.9800 (entry level1:5% profit ,entry level2: 1.4% profit )
tp2:1.2513(34% profit) ,tp3 1.5110(55% profit) ,tp4 1.6903(73%)
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.
....
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.
BTCUSDHi guys
Bitcoin halving is 32 days away. If we look at the previous patterns, about 500 days after the halving we had an uptrend. Compared to the past 500 days after this 32 days before halving, which price zone do you think will be seen!?
Remember that all price corrections are the right time to buy. As soon as the rally starts, we probably won't stop.
Bitcoin up 377.59% since November 2021Bitcoin up 377.59% since November 2021
As the next halving approaches (April 19 2024), it is time for a retracement before the big pump.
It always happened in all previous pre-hanvings.
If the GETTEX:64K support is broken the next one will be in the $58k/$57 zone.
Next week will be very important for us to really see the extent of the retracement.
SOONI have been following the weekly time charts forever now and focusing on the halving schedule as a base line for pretty much every chart I watch. I haven't been publishing which is a shame because on socials I have been spot on for several months leading up to this bull-run. Feels good. Anyway, I personally think the parabolic moves start next week.