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

Tiger_comments
04-18

The price of Bitcoin once plummeted to $59,900, hitting its lowest point since March. Over the past 7 days, Bitcoin has dropped by over 12%.

$59,000 is an important support level for BTC.

If it holds above this level, Bitcoin may reach new highs.

If Bitcoin falls below $59,000, it could drop to the range of $45,000 to $50,000.

The halving is just less than 2 days away.

Can the halving event bring the expected rally?

The Bitcoin halving is expected to occur this Friday or Saturday.

Historically, after three halving events, Bitcoin's price surged higher.

Data from BitwiseData from Bitwise

  • First halving: $12 in 2012

  • Second halving: $650 in 2016

  • Third halving: $8,800 in 2020

However, Bitcoin may not rise directly after the halving. Investors need to be patient.

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!

# Bitcoin Halving Done: A New Era Begins?

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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  • Shyon
    ·04-18
    TOP
    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.

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  • icycrystal
    ·04-18
    TOP

    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!

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    • Universe宇宙: 
      [OMG]
      04-18
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    • koolgal: 
      Thanks for sharing 😍😍😍
      04-18
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    • Shyon: 
      Thanks for tag
      04-18
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  • Tiger V
    ·04-20
    TOP
    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

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    • 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.

      04-20
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  • Universe宇宙
    ·04-18
    TOP

    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

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    • 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.

      04-18
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  • nomadic_m
    ·04-19
    *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

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  • highhand
    ·04-19
    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.
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  • Aqa
    ·04-19
    Bitcoin price is presently fueling upwards to USD 63,479.10. Historically, after three halving events, Bitcoin's price surged higher. It could be rising before the halving due to the over correction earlier. The rally of Bitcoin in 2024 is yet to come as crypto is becoming more and more popular.
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  • Mrzorro
    ·04-18
    I believe the halving will spark the rally of Bitcoin for sure since the previous result already shows us. But I won't invest in Bitcoin because it is too volatility [OMG]
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  • AliceSam
    ·04-18
    如果比特币跌破59,000美元，它可能会跌至45,000美元至50,000美元的范围。
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  • WonderElephant
    ·04-19
    Market is tired and overbought so i expect traders to sell the news once Bitcoin halving takes place and spikes! Thank you @Tiger_comments for the coins!
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  • WanEH
    ·04-18
    我估计要等到减半完成后一段时间，价钱才会慢慢爬上来。虚拟货币玩的就是心跳
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  • Kyrumantics
    ·04-18
    Btc will rally again and reach new all time highs, but don't expect it to be straight after the halving. We should still be in a bull market for a few months
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  • WanEH
    ·04-18
    当大家都觉得会起的时候，那么比特币就已经是来到顶点了。利好尽出。
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  • 多鱼先生
    ·04-18
    会不会有这种可能，现在的价码其实已经 price in 了？
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  • Duckygamer
    ·04-18
    Eveyone is virtually expevting halving and BTC rallies. Perhaps we have seen the ralky and die for correction to 47k-52K intead forst
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  • setia100
    ·04-18
    So many scams happened to BTC & yet people look forward to being scammed again and again and again ❗😂
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  • Barcode
    ·04-19
    Awaiting with interest to see what unfolds with the halving or halvening tomorrow.
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  • TigerOptions
    ·04-18
    If the price doesn’t increase, mining companies will be out of business soon. [Chuckle]
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  • MasterStonker
    ·04-18
    Halving event is so expected, do you think BTC will ral(y again??
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  • MilkTeaBro
    ·04-18
    could be a trigger of falling down
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