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Bitcoin Halving's Impact AnalysisBitcoin Halving Cycles Performance (Pre/Post 1 year performance) Halving's Pre/Post year Performance: 1. 26th Nov 2012 - Pre 416% / Post 7715% 2. 9th July 2016 - Pre 110% / Post 283% (The full move including after the 24 month period was c.955%) 3. 11th May 2020 - Pre 76% / Post 423% 4. 27th April 2024 - Pre 50% / Post 200% Pre Summary (from H2) - 110% - 76% - 50% prediction (reducing by c.25% each halving). Post Summary (from H2) - 955% - 423% - 200% prediction (reduces by c. 50% each halving) You can see the pattern in the reduced returns in each halving. The pre halving returns typically reduce by 25% a halving and the post halving returns reduce by 100% per halving. We ignore the first having as it was exponential introductory growth of the asset. Important Dates are 27th April 2024 (halving date). Good place to skim or wait for a pullback). Also the date of 25th April 2025. This is a softer date, a take profit early date potentially, most cycles have ended in Q4 of the given year thus some chips should be left on the table post April 2025 depending on the continued performance up to that point. Always a pleasure, I hope its been insightful Puka
INDEX:BTCUSDLong
by PukaCharts
6
Bitcoin Poised for Phenomenal Growth Bitcoin (BTC) On Tuesday morning, Bitcoin's price dropped by 2%, hitting a local low at $42,550. Despite this, the overall market trend remains bullish. CRYPTOCAP:BTC and other cryptocurrencies are poised for potential growth, likely post-Christmas holidays. BTC currently fluctuates between the support zone of $42,500-$42,870 and the resistance zone of $43,800-$44,050. If buyers gain momentum, the BTC price might solidify above the intermediary seller’s range of $43,260-$43,500 and possibly test the $44,400 mark, signaling the end of the local correction and the potential for new highs. In the event of a further correction, the asset might dip to support levels at $42,225 and $41,840. Generally, these levels are within the sideways trading range that BTC has been in for more than two weeks. Crypto Makes a Comeback in Nigeria The Central Bank of Nigeria has reversed its directive that barred commercial banks from engaging with cryptocurrency platforms and Bitcoin in particular. This change has, however, stirred discontent among P2P traders, who had largely taken over the market after the initial ban. Originally, the government's intention behind the ban was to diminish the use of cryptocurrencies among citizens, but it inadvertently led to further complications. Responding to this, the authorities are now shifting back to a more accommodating stance on crypto assets. The business community in Nigeria has reacted positively to the revocation of the ban, allowing bank interactions with cryptocurrencies. Many entrepreneurs are optimistic that this development will attract a diverse range of crypto businesses to the country, countering the effects of the nearly three-year-long restrictions. This Move by Nigerian CBN could potentially be the catalyst for the next bull run.
BINANCE:BTCUSDLong
by DEXWireNews
Bitcoin at Crossroads: Eyes $43k Level for Price Direction With Bitcoin's future tied to $43k support, a drop may lead to $37k, yet regulatory shifts and global acceptance suggest $50k by Jan 2024. Bitcoin’s next move is tied closely to its ability to maintain the $43k support level. A dip below this critical threshold could see the cryptocurrency sliding to $37,000. Conversely, holding above this mark may set the stage for an upward trajectory towards $47,360. Bitcoin Price Analysis As per the latest data from Coingape, Bitcoin trades at $43,780, a 0.15% dip from the intra-day high. However, it has seen a 3.40% increase in value over the past week. The trading volume exceeding $13 billion signifies a high level of market activity and investor interest despite the 36% dip in the last day. These figures highlight the delicate balance Bitcoin holds, teetering between potential gains and losses. Global Shifts in Crypto Acceptance The global landscape is also changing in favor of digital assets. Argentina’s recent move to allow Bitcoin in contractual agreements under President Javier Milei’s administration is a testament to this shift. Furthermore, the Central Bank of Nigeria’s reversal of its crypto transaction ban marks a significant change in its approach to the burgeoning crypto market. These developments are part of a larger trend where governments are recalibrating their attitudes toward digital currencies, influencing market dynamics and investor sentiments.
BINANCE:BTCUSDLong
by DEXWireNews
BTCUSDT consolidating below daily resistance, likely to move upThe price has been attacking the daily resistance 1DR1 back to back. However, till now it has not succeeded to break it to the upside. Although it has been able to cross this level several times but has not been to manage to close above even on 4h time frame. A close above that level on 4h time frame will signal confidence of the price to move upward beyond that resistance. By looking at the price action, it appears to be a consolidation around and below the resistance and should result in a breakout to the upside. Therefore, lets keep an eye on how it plays out.
Long
by angela_altair
1
QIUSDT Surges by 251%, Reaching $0.3749! 🚀BoooooooOOOOOOOM 🚀🚀 VIP Spot 🔥🎯 All Targets: done✅ Entry price: 0.01067$✅ Price reached :0.03749$ ✅ Profit: 251% ✅🚀🚀🤑 In a noteworthy rally, the cryptocurrency QIUSDT has experienced an impressive surge of 143.55%, reaching a significant price of $0.3749. This remarkable uptick has captured the attention of traders, indicating substantial potential for gains. Stay tuned for further market insights as QIUSDT continues to ride the wave of positive momentum in the dynamic digital currency landscape. #QIUSDT #CryptoSurge 📈
Long
by SafeCryptoSignals
CTXCUSDT Surges by 143.55%, Reaching $0.5307! 🚀BoooooooooOOOOOM 🚀🚀 VIP Spot 🔥🎯 Target 5️⃣ : done✅ Entry price: 0.2179$✅ Price reached : 0.5307$ ✅ Profit: 143.55% ✅🚀🚀🤑 In an impressive rally, the cryptocurrency CTXCUSDT has experienced a substantial surge of 143.55%, reaching a noteworthy price of $0.5307. This remarkable upward movement is garnering attention from traders, signaling potential for significant gains. Stay tuned for further updates as CTXCUSDT continues to make waves in the dynamic digital currency market. #CTXCUSDT #CryptoSurge 📈
Long
by SafeCryptoSignals
#BTC/USDT Weekly: This pattern signals Trend Reversal!#BTC Weekly Update: Breaking the Green Streak! Bitcoin (BTC) sees a change in trend as it closes the week with a red candle, ending an eight-week run of green candles. This shift is marked by the formation of a Bearish HARAMI pattern, signaling a potential bearish reversal. The confirmation of this pattern hinges on the weekly close; BTC needs to end the week below $41,349. Until this confirmation, Bitcoin may move sideways, providing an opportunity for altcoins to thrive. Investors should carefully select altcoins during this period of potential BTC consolidation for optimal gains. Stay vigilant! Do hit the like button if you find this chart helpful. Thank you #PEACE
COINBASE:BTCUSDLong
by Cryptorphic
A Rocket Called Bitcoin Will Take Off SoonSince the beginning of 2023, the price of Bitcoin has risen significantly relative to other asset classes, demonstrating once again to Wall Street that “digital gold” should not be discounted even despite legal battles with FTX and Binance. Moreover, in recent weeks, we have seen strong momentum in Bitcoin, bouncing off support with ease even in the face of criticism from US Senator Elizabeth Warren, who is attempting to impose tighter restrictions on many aspects of crypto. From a technical analysis perspective, we believe that the impulse wave marked on the chart as (3) was completed on December 8, 2023. After which a corrective wave (4) began, which will end in the range of $37,800-$38,200 per BTC, which is a potential opportunity to consider opening a long position ahead of its halving in April 2024. After the end of the correction, the first stop for digital gold that we highlight is $49,500-$50,000. On a more global scale, we expect its price to reach $110,000 in 2024. What are we doing? Considering the significant decline in natural gas prices in recent months and its high reserves in the US and Europe, we believe this will also positively impact the margins of mining companies such as RIOT and HUT8. We plan to open a long position in RIOT when its price reaches $11.8-$12 per share. Show your support by liking👍, following✅, sharing🙌, and commenting✍! Feel free to share your ideas and charts below. Your engagement is crucial in spreading the word and maintaining the relevance of the content. Thanks for being an essential part of this community! Analyst’s Disclosure: This article may not take into account all the risks and catalysts for the stocks described in it. Any part of this analytical article is provided for informational purposes only, does not constitute an individual investment recommendation, investment idea, advice, offer to buy or sell securities, or other financial instruments. The completeness and accuracy of the information in the analytical article are not guaranteed. If any fundamental criteria or events change in the future, I do not assume any obligation to update this article.
BITFINEX:BTCUSDLong
by AisenQuantum
1
Bitcoin Price Hovers Above $40,000 Ahead of FOMCBitcoin (BTC) is showing weakness ahead of the Federal Open Market Committee (FOMC) meeting scheduled for December 13. Federal Reserve Chairman Jerome Powell is expected to provide an economic forecast summary after the release of the Consumer Price Index (CPI) data, indicating that inflation in the U.S. has decreased to 3.1%, aligning with market expectations. Bitcoin Price Prepares for Increased Volatility Before FOMC Investors have shown caution and reduced risk ahead of the FOMC meeting, evident in a 40% decrease in trading volume over the past 24 hours. After the announcement of the U.S. CPI data for November, the Bitcoin price briefly surged to $42,000 before retracing. Looking ahead, the prevailing view is that the Fed will maintain interest rates at the target range of 5.25-5.50%. In the latest meeting in November, the FOMC kept interest rates steady, as in the September meeting, signaling that rates may remain unchanged in the near future but are still open to change based on economic conditions. The decision to pause interest rate hikes is widely anticipated, providing the Fed with additional time to determine whether the current interest rates effectively curb inflation's impact on economic growth. The range of 5.25% to 5.50% was raised in the July meeting, marking the 11th interest rate hike in the 2022/2023 cycle, all aimed at managing inflation. This explains the observed unease in the Bitcoin price. Implications for Bitcoin Price The increase in interest rates makes investors more cautious, negatively impacting risk-based assets like cryptocurrencies. According to the CME FedWatch tool, there is a 97.1% chance that the Fed will keep the Federal Funds Rate target at 5.25% to 5.50% in the upcoming FOMC meeting, while 2.9% of opinion polls predict a change to 5.50-5.75%.
BITSTAMP:BTCUSD
by Gwen_Humuna
#BTC/USDT#BTC Bitcoin price is still moving in the Side channel it is expected to walk through. Price now 38088 $ The price is expected to bounce to the lower border of that channel at the price of 28,329 and bounce from it in the channel's income for a period of time before completing the rise by breaking that occasional channel to the level of 68,000 What I expect next Between Jan to March 2024 Until then, the price is expected to respect those accidental powers. Place buy and sell orders with Stop Loss Take advantage of rebound zones, whether up or down I wish you a happy trade.
Short
by CryptoAnalystSignal
7
Bitcoin Traders Cautioned as Whales Trigger Sharp Price DropContent: Bitcoin is experiencing its most significant drop in nearly a month, catching the market off guard on Monday, shattering the optimism, also known as "hopium," for continued price growth until the SEC approves the BTC spot ETF in January 2024. However, the sudden market downturn has left investors surprised, leading to this optimism being shattered, attributed to the "whale panic" caused by significant whale selling. Daily Market Momentum Report: Bitcoin Whales Trigger Market Plunge Bitcoin's price has nearly dropped below $40,000 in the last 24 hours, with contracts worth over $340 million liquidated in just a few minutes. Although the exact reason behind this collapse is uncertain, the primary cause seems to be whale selling. This is evidenced by the Coinbase Premium Gap (CPG) registering a sharp decrease to -250. Simply put, CPG is an indicator that tracks the difference between the Bitcoin price listed on Coinbase (USD pair) and Binance (USDT pair). It provides an idea of whether US-dominant investors (Coinbase) or global users (Binance) are buying or selling more than the other. Whenever this premium gap is positive, US investors are considered to be driving buying pressure, while negative values point to global users, creating selling pressure. However, the significant drop in this index on Monday indicates whale intervention. This was further confirmed by the decline in reserves on the Binance exchange, noting the sale of around 16,000 BTC worth over $671 million accumulated over the past week. This sell-off has caused panic among users, resulting in a 7% intraday trading drop, pushing BTC to a low of $40,654. Cryptocurrency has since recovered, trading at $41,839 at the time of writing. Since the beginning of December, traders have been limiting exposure to high leverage in the derivatives market. The collapse on Monday may heighten this skepticism, causing traders to be cautious until January.
BITSTAMP:BTCUSD
by Gwen_Humuna