the next Bitcoin halving is approaching

hawshy
03-04

The next Bitcoin halving is on the horizon, scheduled to take place in under 50 days. This critical event, which transpires approximately every four years, profoundly influences the cryptocurrency's network and its market behavior.

Below, you will find a graph that showcases the effects observed after the previous three halvings that happen in 2012, 2016, and 2020.

Bitcoin Halvings: History of BTC prices

Currently, Bitcoin's value has reached USD $65,000, closely approaching its all-time high of $69,045 recorded on November 10, 2021. Given the current trajectory, it is anticipated that Bitcoin will surpass its all-time high before the halving event, potentially climbing to USD $100,000 post-halving.

Few stocks are related to BTC that I am holding - 

1) $MicroStrategy(MSTR)$ which holds the most BTC among US listed companies.

2) $Coinbase Global, Inc.(COIN)$ which was the second largest crypto exchange.

3) $iShares Bitcoin Trust(IBIT)$ which is the Bitcoin ETF.

Modified in.03-05
BTC Rebound: A New Rally or Bull Trap?
After the sell-off on Tuesday, Bitcoin surged by 5.8% on Wednesday, reaching $67,002.84, driving an overall uptrend in the digital asset market. Bitcoin had reached a historic high of $69,191.95 on Tuesday before swiftly dropping below $60,000. According to data, the range between the high and low points on Tuesday exceeded 14%, marking the largest price fluctuation for Bitcoin this year. -------------------- How do you view? Will Bitcoin Pullback or Push Higher? What's your target price for Bitcoin?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • HengHuat
    03-05
    HengHuat
    those big time investors behind the rise and fall of this idiotic market are at work again
    • HengHuatReplyEricdao
      I see. This is quite insightful. Thank you
    • Ericdao
      They aren't investor, they r shark, ready to tear u apart. Asian will likely be affected as most r gambler. US got rid of all the providers n let Blackrock have the final gain. Not for investment but pure gamble
    • hawshy
      Follow the trend. [smile]
  • Joe Lamborgh
    03-06
    Joe Lamborgh

    Great ariticle, would you like to share it?

  • Robbiemeow
    03-05
    Robbiemeow

    Great ariticle, would you like to share it?

  • O_Honeydew
    03-06
    O_Honeydew

    Great ariticle, would you like to share it?

  • Home22
    03-05
    Home22
    Great ariticle, would you like to share it?
  • KSR
    03-05
    KSR
    👍
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