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?

Why I Think BTC will Rise in Years to Come

$CME Bitcoin - main 2404(BTCmain)$ has been on a wild ride since its inception, with periods of explosive growth followed by sharp corrections. Despite the volatility, I believe there are strong reasons to be bullish on Bitcoin in the long term, with the upcoming halving event being a significant factor. Unlike traditional currencies that can be printed at will, Bitcoin boasts a capped supply of 21 million coins. This scarcity becomes even more pronounced with the halving, a pre-programmed event that cuts the block reward for miners in half roughly every four years. This translates to fewer new Bitcoins entering circulation, further tightening supply. Bitcoin acceptance is on the rise. More and more businesses are embracing Bitcoin payments,
Why I Think BTC will Rise in Years to Come
avatarAh_Meng
04-24

Bitcoin - Halving done, so what's next

Bitcoin halving comes and goes. Many new cryptocurrency participants either via direct buying or indirectly through newly available ETFs are hoping (praying) to see the price of bitcoin shooting higher after that. For many of these newbies, the much anticipated bitcoin event seems to signal the next up-cycle of the price of bitcoin. However, from a chart prospective, at least in the near term, how wrong that could be. For those who don't know, bitcoin is programmed to undergo halving every 4 years.  This is the 4th halving event for bitcoin. Whilst it is true that mining rewards are halved after each halving event, it doesn't mean bitcoin becomes more precious. Fact is the total number of bitcoin that can be mined is fixed and known. Furthermore, most bitcoins that could be mined are
Bitcoin - Halving done, so what's next
avatarV1p3r32
04-23

bitcoin halving

**Understanding Bitcoin Halving and the Strategy of Dollar-Cost Averaging** In the world of cryptocurrency, Bitcoin stands as the pioneering digital currency that has captured the attention of investors and enthusiasts alike. One of the key events in the life cycle of Bitcoin is the "halving." Let's break down this concept into layman terms and explore how it intertwines with an investment strategy known as dollar-cost averaging (DCA). **What is Bitcoin Halving?** Imagine Bitcoin as a treasure trove with a limited number of gold coins. Every four years, the number of gold coins miners can extract from this trove is cut in half. In Bitcoin terms, this event is called "halving." It's a scheduled occurrence that reduces the reward for mining new blocks on the blockchain by 50%. This means tha
bitcoin halving
avatarShyon
04-20

Market Hot Stocks - Technical Analysis

As for market hot stock, the first one to think of recently is Trump's stock DJT. Donald Trump's meme stock skyrocketed in March but has now crash-landed. Similar to most of the meme stocks in the market, their explosive rise and dramatic fall show how powerful people can wield their influence to create vast amounts of stock-market wealth, but it doesn't last long without a real business behind it. Let's look into a few market hot stocks analysis. The Bitcoin network on Friday evening completed its fourth "halving," reducing the rewards earned by miners to 3.125 bitcoins from 6.25. Mechanically, the halving itself shouldn't affect the price of bitcoin in the short term, but many investors are expecting big gains in the months ahead, based on the cryptocurrency's performance after previous
Market Hot Stocks - Technical Analysis
avatarBarcode
05-04
$Marathon Digital Holdings Inc(MARA)$  Post-market trading +4.62% 🪙🪙🪙 MARA continues to find support at its Monthly Trigger, as that is the spot where momentum based algo's are buying the dip as its Monthly Trigger finds support 🪙🪙🪙 Hey there, Tiger traders! Let's talk Bitcoin miners and the wild ride they've been on lately. If you've been keeping an eye on MARA (Marathon Digital Holdings), you might've noticed some serious movement on the charts. Back in December 2020, when MARA broke above its Monthly Trigger, it didn't just climb, it skyrocketed—a whopping 1590% surge to the upside! That's the stuff dreams are made of in the trading world. Now, fast forward to today, and what do we see? Yep, you guessed it. MARA has once again broken above
$Coinbase Global, Inc.(COIN)$  $Marathon Digital Holdings Inc(MARA)$  $CleanSpark, Inc.(CLSK)$  $MicroStrategy(MSTR)$  $GraniteShares 2x Long COIN Daily ETF(CONL)$   I believe the halving event has already been priced in, such that the halving event tomorrow would not drastically cause an upward swing in the price of Bitcoin. 🚩🚩Rather, I'm skeptical and inclined to believe that the price of Bitcoin and crypto related stocks may face selling pressures tomorrow as people take profit. Just like what happened on the day Spot Bitcoin ETFs get approved. H

🎁Q1 Recap: Bitcoin's Soaring Success & Q2 Strategies for ETF Investors🌟

📈 Bitcoin has surged over 60%, is trading above $70,000 and nearing its all-time high of around $73,500 in Q124. Inflows into US cryptocurrency ETFs are increasing as the Bitcoin price recovers.📊 Below are the ETFs making waves in 2024, ranked by their total assets, and looking like they could be even more promising in the second quarter?In this snapshot, we've highlighted the top 10 Bitcoin ETFs in the U.S. by assets under management (AUM) as of March 29, 2024. SymbolTotal Assets ($MM)Previous Closing Price$Grayscale Bitcoin Trust(GBTC)$ $23,575.90$63.17$iShares Bitcoin Trust(IBIT)$$17,160.80$40.47$Fidelity Wise Origin Bitcoin Fund(FBTC)$ $10,026.30$62.06
🎁Q1 Recap: Bitcoin's Soaring Success & Q2 Strategies for ETF Investors🌟

Bitcoin's Recovery Rally - Key Level To Bullish Momentum

We have seen $CME Bitcoin - main 2404(BTCmain)$ struggled trying to move upside over the past week, we could see that it has entered into a consolidation phase while trading below $69,000 mark. But if we look beyond that, we could see that the long vs short ratio, it still managed to stay within long ratio at 71. Though it is not as high as when Bitcoin was above $71,000, but it is at a reasonable level. This has give some speculation that there might be a potential stagnation phase when we do not see the same volatility from Bitcoin’s usual fluctuations. Bitcoin market trajectory in terms of aggregated volume look like we are not seeing much selling over the past week. Bitcoin’s Movements Build Up For Next Rally If we looked deeper into how
Bitcoin's Recovery Rally - Key Level To Bullish Momentum

Understand Bitcoin Liquidity Abundance To Spot Bitcoin Rally

We have seen Bitcoin Spot Price consolidating below the new ATH of $73K over the last three week, BTC hit $73K in mid March 2024. We can see that the on-chain volume in March 2024 have risen significantly, this is attributed to the new investors buying at higher price from the existing BTC long-term investors, these long-term holders are entering distribution phase, With this new injection of new capital into the crypto asset class, this has helped to drive the realized cap to a new heights. Bitcoin Realized Market Cap At New Height ($555 Billion) At time of this writing, we can see that the current realized market cap stand at new height of $555 billion. We are also seeing capital continues to flow into Bitcoin and the rates are now exceeding $79 billion per month. Profit Taking Beha
Understand Bitcoin Liquidity Abundance To Spot Bitcoin Rally

🎁 Will Bitcoin Halving Herald a Bull Market? How to Invest Now?

[Cool] Hi Tigers,Bitcoin halving expected this Friday! 🆒 It's Bitcoin's fourth halving event since its inception![Allin]This milestone is undoubtedly the recent headline in the cryptocurrency world! [666]Market expects huge impact on Bitcoin price, possibly leading to a bull market![YoYo]How will the Bitcoin halving affect the price trend of Bitcoin? Let's first look at history.Looking back, every time the halving cycle arrives, the price of Bitcoin has experienced significant increases, bringing lucrative returns for investors.Source: Wallstreet JournalFrom the chart, we can clearly observe the following data:In 2012, Bitcoin experienced its first halving. Subsequently, its price surged from $12 to $1156, a staggering increase of 9375%, which lasted for about a year.By 2016, Bitcoin saw i
🎁 Will Bitcoin Halving Herald a Bull Market? How to Invest Now?
avatarorsiri
04-14

Bitcoin's Halving Countdown: Unravelling the 2024 Potential

Halving Buzz: A Prelude to Bitcoin's 2024 Journey Bitcoin enthusiasts are on the edge of their seats as the halving countdown ticks away. Picture this: miners are about to experience a sudden cut in their block rewards, akin to finding out your pizza delivery is halved mid-order! This event has a history of jolting Bitcoin prices, and with the recent record-breaking surge to $70,715, everyone's wondering if the party's already started or if there's still room on this rollercoaster ride. Bitcoin's Divide: Glinting Future Amidst Halving's Echoes Has the Halving Effect Been Priced In? Decoding Market Sentiments The big question is whether the halving's effects are already factored into the current prices, like a savvy host who preps extra snacks for expected guests. The "efficiency hypothesis
Bitcoin's Halving Countdown: Unravelling the 2024 Potential
Understanding Bitcoin Halving and Its Effects on the Cryptocurrency Market Bitcoin, the first and most prominent cryptocurrency, undergoes a process known as "halving" approximately every four years. This event has historically been a significant driver of both the price and the broader sentiment within the cryptocurrency market. Understanding Bitcoin halving is crucial for investors, enthusiasts, and anyone interested in the dynamics of the digital currency space. What is Bitcoin Halving? Bitcoin halving is an event that halves the reward for mining new blocks. When Bitcoin was first introduced, the reward for mining a block was 50 BTC. This reward halves every 210,000 blocks, or roughly every four years, to ensure that Bitcoin follows a deflationary model, mimicking the extraction of pre

$1,000,000 #BitcoinIs a Joke To You?

$1,000,000 #BitcoinIs a Joke To You?

Bitcoin Halving Hype: My Humble Take on the Ride to $70k and Beyond

💃 Bitcoin's dance just below $66,500 has caught my eye, and with the halving event on the horizon—mere few days away—I can't help but feel the electric buzz in the air. This isn't just another market fluctuation; it feels like the calm before a potentially profitable storm. Is the market sleepwalking through the significance of the halving, or is this the perfect moment to dive in and buy the dip? Just put together some quick thoughts to share with all y'all! 😜 The Halving Clock Ticks: A Personal Perspective For me, the Bitcoin halving is a quite fascinating display of economic principles in action. Cutting the supply of new bitcoins by half isn't just a technical tweak; it's a powerful move that underpins Bitcoin's scarcity and, dare I say, its allure. This engineered scarcity is what dre
Bitcoin Halving Hype: My Humble Take on the Ride to $70k and Beyond
avatarAIstock
04-21
A summary of each source and my perspective, keeping in mind: 1. Cointelegraph - Bitcoin halving 2024: 5 ways it's different this time: This article argues that unlike previous halvings, Bitcoin has already seen a significant price increase leading up to the event. This could mean a shorter wait for the post-halving price surge. They mention some analysts are bullish, predicting Bitcoin could reach new all-time highs by the end of 2024. 2. Forbes - Bitcoin Halving 2024 – What You Need To Know: This Forbes article provides a more neutral overview of the halving. It explains the mechanics of the halving and discusses the historical impact on price, noting past price increases but acknowledging they weren't guaranteed. It doesn't offer specific price predictions but emphasizes the importance

BIG TECH WEEKLY | Why Tesla On Pressure?

Big-Tech’s PerformanceThe trading on Quadruple Witching Day is often particularly intense. This is the day when four financial derivatives of U.S. stocks— "stock index futures, stock index options, individual stock futures, and individual stock options"— all expire at once each quarter. Investors are eager to close their positions on this day, often leading to a sharp increase in market trading volume and greater volatility. Since Nvidia option trades account for 1/4 of the single-ticket option market, Nvidia option trading will be a focal point.Statistics of the trading on Quadruple Witching Day in the past 30 years show that the probability of a rise in the week of March is slightly higher, but the probability of a rise in the following week is the lowest. Although the average return for
BIG TECH WEEKLY | Why Tesla On Pressure?
avatarBarcode
04-21
$CME Bitcoin - main 2404(BTCmain)$ $Bitwise Bitcoin ETF(BITB)$   🚀💰 Bitcoin's Bullish Trajectory: A Clever Outlook 💰📈 Hey there, crypto enthusiasts! Buckle up because Bitcoin (CRYPTO:BTC) might just be gearing up for a rocket ride to $80,000 before May hits. How do we know? Well, we're seeing a classic Wyckoff pattern unfolding, and investors are doubling down with some serious conviction, especially post-halving. Check this out: Investors are holding onto their BTC with a grip of steel, even more so than in the wild ride of 2021. Profit-taking? Pshh, that's so last year! And get this—since February, wallets have been bulking up with over $728 million worth of BTC. Talk about confidence! Now, su

BTC: What's Going on Next?

$iShares Bitcoin Trust(IBIT)$ So who's buying Bitcoin now?CountriesCorporationsETF'sBanksBillionairesMillionairesIndividualsOk, so how long do you think the outstanding supply, knowing that over 65% of all outstanding Bitcoin is locked up in wallets that haven't sold any Bitcoin in years, how long before the supply / demand issue pushes BTC to 7 figures? The long term HODL'ers who will not sell unless the price is 20x or more from current levels. Even then most of those long term wallets are averaged in at much lower prices. How high a price will it take for many of these long term holders to let some go, $1M , $5M?Additionally, the current daily demand is 20 times the daily amount of Bitcoin now being mined post halving,
BTC: What's Going on Next?
avatarShyon
04-24
Yes I do believe that Bitcoin will eventually reach 125000 USD. It will be just a matter of time. Nowadays, we can see that more and more investors start to accept and invest in crypto. Moreover, the launch of lower risk product like Bitcoin ETF in US and Hong Kong this year also attract more and new investors from the market. And based on history, all the halving events have resulted in a bullish trend for Bitcoin. So I do believe this round will be very similar as well. Before targeting for 125k USD, I will aim for the closer target at 100k USD within these 2 years hopefully. As the risk in crypto investment is relatively high, I personally do not recommend investing heavily in crypto. And if you are not a high risk taker, you might consider to buy in crypto in monthly basic, a small re
avatarBarcode
04-13
$Grayscale Filecoin Trust (FIL)(FILG)$ $CME main(BTCmain)$ $Bitwise Bitcoin ETF(BITB)$ $Coinbase Global, Inc.(COIN)$ $ARK 21Shares Bitcoin ETF(ARKB)$  Halving a Ball: Bitcoin's Plunge from 71K to 66K Has Traders Split on the Crypto Coaster Crypto Market Volatility: Bitcoin's Plunge to $66K Sends Shockwaves, Altcoins Follow Suit Cryptocurrency markets faced significant turbulence on Friday as Bitcoin's price plummeted below $66,000, marking a stark reversal from its earlier attempt to breach the $71,000 threshold. This sudden downturn reverberated across the digital ass