WILL 2024 UPTREND?
If the answer is as desired, I hope it is "YES".
However, if we analyze more closely, I will lean towards the scenario that is still "YES #UPTREND", but will take place at the end of 2024.
2024 has a very important event, #Bitcoin #Havingtaking place around March 2024, this event will split the reward in the created Bitcoin Block in half, the block reward reduces to 3,125 $BTC .
According to the cyclical nature and general expectations of the market, every time the amount of #BTC is born less, the market demand becomes increasingly greater, creating scarcity, leading to $BTC 's price increasing. overall market growth.
However, we look back at the previous cycle, in May 2020 #Bitcoin also had a having event, the community also has high expectations for great growth, there are 3 important points we will review in due course. Having year 2020
1. About 5 months before having (Same as now) - $BTC was gloomy, went sideways for a long time, and there was a flash dump that bottomed out in March, $BTC divided by 2, meaning just away from the having event May 2020 about 2 months
2. After having, $BTC continued to move sideways for about 2 more months and began to grow, at this time #BTC grew better and more stable than #Altcoin
3.#Altcoinpump is stronger than #Bitcoin, but the pump force is slower, exactly around the beginning of 2021, Altcoins just started pumping strongly, meaning after having about 5 months.#Altcoinswill pump in turn, and at this time we see growth bets of X5 X10, even X hundreds of times appearing and peaking in just a few months.
I still prioritize the real better market after the time Bitcoin has happened, around 5/2024.
If the answer is as desired, I hope it is "YES".
However, if we analyze more closely, I will lean towards the scenario that is still "YES #UPTREND", but will take place at the end of 2024.
2024 has a very important event, #Bitcoin #Havingtaking place around March 2024, this event will split the reward in the created Bitcoin Block in half, the block reward reduces to 3,125 $BTC .
According to the cyclical nature and general expectations of the market, every time the amount of #BTC is born less, the market demand becomes increasingly greater, creating scarcity, leading to $BTC 's price increasing. overall market growth.
However, we look back at the previous cycle, in May 2020 #Bitcoin also had a having event, the community also has high expectations for great growth, there are 3 important points we will review in due course. Having year 2020
1. About 5 months before having (Same as now) - $BTC was gloomy, went sideways for a long time, and there was a flash dump that bottomed out in March, $BTC divided by 2, meaning just away from the having event May 2020 about 2 months
2. After having, $BTC continued to move sideways for about 2 more months and began to grow, at this time #BTC grew better and more stable than #Altcoin
3.#Altcoinpump is stronger than #Bitcoin, but the pump force is slower, exactly around the beginning of 2021, Altcoins just started pumping strongly, meaning after having about 5 months.#Altcoinswill pump in turn, and at this time we see growth bets of X5 X10, even X hundreds of times appearing and peaking in just a few months.
I still prioritize the real better market after the time Bitcoin has happened, around 5/2024.