Mungerism
04-19

 In the past halving cycles there is always some dip pre and for a short period, post halving.  After that a massive run-up.See first chart. They say this cycle it's different because of the spot ETF participation. That means there is a lot of more institutional money in the game, less volatility ( compared to previous cycle but still very volatile compared to stocks).  On top of that the HK spot EPF approval will bring even more institutional money. Maybe the run-up won't be as massive but from a supply-demand perspective, it only favors demand. If one can hold for a while, it's a higher probability bet that price will eventually go up. 

Chart wise, current price is hovering Slightly above confirmed support ( see chart yellow line). Together with potential cut in supply post halving more demand, in the form HK spot ETF, we should really watch prices closely at current levels for a buy. Crypto is still volatile so please do your own research and make sure you have the ability to hold. Probability favors the upside 

Bitcoin Halving Done: A New Era Begins?
The highly-anticipated fourth iteration of the bitcoin halving occurred a little after 8:09 p.m. Eastern on Friday. Bitcoin traded flat in the immediate aftermath of the halving, holding steady around $63,000. ----------------- Can the halving bring a big rise? What's your target price for bitcoin in 2024?
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.

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