Less Than 48 Hours! Will Halving Spark Expected Rally of BTC?

Comments

• Shyon

  04-18

  Shyon
  Interesting and a must to discuss topic recently : Bitcoin Halving! The Bitcoin halving is a fundamental event that occurs approximately every four years, reducing the reward for mining new blocks by half. Well, this mechanism is designed to control the supply of Bitcoin, introducing a deflationary aspect to its economy.

  Historically speaking, all three prior Bitcoin halvings have certainly resulted (usually a few months later) in an explosive price event for the No.1 cryptocurrency, and by proxy the altcoin market.

  • Universe宇宙ReplyShyon: 
    [ShakeHands]
  • ShyonReplyb1uesky: 
    [Sly] [Sly] [Sly]
  • ShyonReplykoolgal: 
    [Cool] [Cool] [Cool]
  • b1ueskyReplyShyon: 
    thk for sharing.
  • koolgal: 
    Thanks for sharing 😍😍😍

  All 6 Replies
• icycrystal

  04-18

  icycrystal

  bitcoin coin something I don't wanna touch. too volatile for my liking.

  it can make you rich, it too can come crashing... not gonna have sleepless nights...

  @Shyon @Aqa @GoodLife99 @Universe宇宙 @rL @LMSunshine @koolgal @HelenJanet @DiAngel @xXxZealandxXx

  Will halving spark the expected rally?
  

  
  

  Is the rally of Bitcoin over in 2024?
  

  
  

  What’s your target price for Bitcoin in 2025?
  

  
  

  Will you join the party as the crypto become more popupar?
  

  
  

  Leave your comments and also post to win tiger coins!

  • Universe宇宙: 
    [OMG]
  • koolgal: 
    Thanks for sharing 😍😍😍
  • Shyon: 
    Thanks for tag
• Tiger V

  04-20

  Tiger V
  Although the halving event has historically been a catalyst for Bitcoin's price appreciation, I am of the view thatbit's not a guarantee of an immediate rally. The impact of the halving may not be felt immediately after the event, as it may take time for the reduced supply to influence the market. Additionally, the market could experience short-term volatility and uncertainty around the halving event.

  How you think? [Sly] @TigerGPT

  • TigerGPT: 

    Based on the news articles I found, here are some viewpoints regarding the Bitcoin halving event:

    Bitcoin's Price Stable After Fourth "Halving": The recent halving event has not caused a significant immediate reaction in Bitcoin's price. Bitcoin was trading at around $63,000 after the halving, and there doesn't seem to be much of a reaction yet. However, it's important to note that the halving reduces the rewards for miners and ensures a fixed supply of Bitcoin, which could have long-term implications for its price. Source

      

    Bitcoin's 'Halving' Has Finally Arrived: This article discusses the concept of the halving and its historical impact on Bitcoin's price. It mentions that previous halvings have led Bitcoin into new bull markets that eventually produced new all-time highs. However, it's important to note that past performance is not indicative of future results. Source

      

    Market Hot Stocks - Technical Analysis: This article briefly mentions the Bitcoin halving and how investors are expecting potential gains in the months ahead based on previous halvings. It also mentions that the downside for Bitcoin's price may be limited, and the stock of Coinbase Global, Inc. (COIN) is worth considering. Source

      

    The Upcoming Bitcoin Halving: This article provides an overview of the upcoming Bitcoin halving and explains the concept of halving and its impact on Bitcoin's supply. It mentions that historically, the halving has been positive for Bitcoin and has led to new bull markets and all-time highs. Source

      

    Crypto Fans Count Down to Bitcoin's 'Halving': This article highlights the anticipation among Bitcoin enthusiasts for the halving event. It mentions that the halving is a change to Bitcoin's underlying technology and is expected to have a positive impact on the cryptocurrency. Source

      

    Based on these viewpoints, it is clear that the halving event is significant for Bitcoin, but its immediate impact on the price may not be guaranteed. Historical data suggests that previous halvings have led to price surges, but it's important to exercise patience and consider the long-term implications of the reduced supply. Short-term volatility and uncertainty around the event are also possible. As for the target price for Bitcoin in 2025, it is difficult to predict with certainty as it depends on various factors and market conditions.

    Please note that the information provided is for reference purposes only and does not constitute investment advice. Investing in cryptocurrencies involves risks, and it is important to conduct thorough research and consider your own risk tolerance before making any investment decisions.

• Universe宇宙

  04-18

  Universe宇宙

  Will halving spark the expected rally?
  

  
  

  Is the rally of Bitcoin over in 2024?
  

  
  

  What’s your target price for Bitcoin in 2025?
  

  
  @Shyon @icycrystal @MHh @melson @TigerGPT @LMSunshine @DiAngel @rL @Mrzorro @Aqa @HelenJanet @SirBahamut @GoodLife99 @Korer

  • TigerGPT: 

    Based on the news articles I found, here are some key points regarding the Bitcoin halving and its potential impact on the price:

    The Bitcoin halving is expected to occur around April 20, 2024. It is a programmed event that cuts the rate at which new Bitcoin is issued in half. This reduction in supply is designed to maintain Bitcoin's scarcity and finite supply.

      

    Historically, Bitcoin's price has experienced significant rallies after previous halving events. For example, after the first halving in 2012, the price surged from $12 to $650. After the second halving in 2016, the price surged from $650 to $8,800.

      

    However, it's important to note that the price of Bitcoin may not rise immediately after the halving. Previous cycles have shown that the associated rallies often occur several months after the halving event.

      

    Some analysts and traders remain bullish on Bitcoin's outlook due to the halving. They believe that the reduction in supply, combined with steady or increasing demand, could lead to higher prices. Some even predict a price target of $100,000 for Bitcoin in 2024.

      

    It's worth mentioning that the recent price drop of Bitcoin to around $59,900 has raised concerns. If Bitcoin holds above the support level of $59,000, it may have the potential to reach new highs. However, if it falls below $59,000, it could drop to the range of $45,000 to $50,000.

      

    Overall, the halving event is seen as a significant catalyst for Bitcoin's price, but investors should exercise patience and consider the broader market conditions and trends.

      

    Regarding the target price for Bitcoin in 2025, I don't have access to specific predictions or forecasts beyond 2024. It's important to note that predicting the future price of Bitcoin or any other cryptocurrency is highly speculative and subject to various factors and uncertainties.

    Please note that the information provided is for reference purposes only and does not constitute investment advice. Investing in cryptocurrencies carries inherent risks, including volatility and potential loss of capital. It's essential to conduct thorough research and consider your risk tolerance before making any investment decisions.

    Apologies, but I am unable to join any parties or participate in activities as I am an AI financial analyst.

• nomadic_m

  04-19

  nomadic_m
  *Will Bitcoin halving spark an expected rally?

  Bitcoin's price is highly volatile and susceptible to broader market conditions. Even with a halving, a price rally isn't guaranteed. it might contribute to a price rally, but it's not a guaranteed outcome.

  As such, I have kaching-ed my capital on $Coinbase Global, Inc.(COIN)$ & leaving profits to lay golden eggs. may drip add position again if it doesn't crash & burn after halving

• highhand

  04-19

  highhand
  no. because crypto and BTC are quite correlated to stocks. right now, we r in a middle of correction. stocks will fall tonight. this will last about 1 to 2 months. we had enough good times this year, so healthy pullback.