#Bitcoin ETF is the surprise of 2024, without just maybe, at

Explore More From Creator

#bitcoin yesterday broke a strong resistance at $71,500 but was rejected from the area of All time high ($73,000 is a sensitive area) at the moment it has a short correction with two support areas at $70,062 and $69,500 from the evolution of the charts I think 69,500 $ will not break down, but if it does we have strong support at $69,000

$71,500 was a solid resistance for #bitcoin, let's see how long it lasts above, at $73,500 is the all time high area, the area from where it can have a more serious reaction if it reaches. Ideally, $71,500 would become a sport, but I think it's a bit early.

#Binance is ready to launch a new product, Saga project! What does Saga propose? It is a Layer 1 protocol that offers scaling solutions with a focus on the gaming industry through speed and low cost. Who is using Saga already? Over 350 projects from. Which 80% are gaming projects. They have already partnered with Polygon, Avalanche, Marblex and Celestial.

Bitcoin Halving is a significant event on the Bitcoin network, scheduled to happen approximately once every four years or after 210,000 blocks are mined. The essence of this event is the halving of the reward given to miners for each validated block, which also means a decrease in the rate of introduction of new Bitcoins into circulation. According to Coinbase, the Halving process is designed to reduce the supply of new Bitcoins introduced to the market by 50%, which could theoretically lead to price appreciation if demand remains constant or increases. This method of limiting the supply of new coins is fundamental to Bitcoin's value proposition, emphasizing verifiable rarity as its central feature. To date, Bitcoin has gone through several Halving events, the last of which took place in May 2020, when the mining reward dropped from 12.5 to 6.25 Bitcoins per block. The next one is anticipated to happen around April 16, 2024, when the reward will drop to 3,125 Bitcoins per block. Decrypt explains that Halving is an integral part of the Bitcoin code, a pre-set rule that ensures that the rate at which new Bitcoins are put into circulation is halved every four years. This measure is intended to continue until around 2140, when the last Bitcoin is expected to be mined, bringing the total to the pre-set cap of 21 million coins. By limiting the supply, Satoshi Nakamoto, the creator of Bitcoin, sought to give the currency a value through rarity, similar to scarce resources like gold. Halving has a significant impact not only on miners, but also on the dynamics of the entire cryptocurrency market. Anticipation of this event may lead to an increase in interest and the price of Bitcoin, given the decrease in the supply of new coins. The Halving event may also have effects on other cryptocurrencies, influencing investor confidence and drawing attention to the crypto market as a whole. For investors, understanding the impact the Bitcoin Halving may have on the market is crucial. The decrease in supply, in conditions of maintenance or increase in demand, price go up

100.000$ for 1 Bitcoin can be a reality super fast , halving is very soon, on 3 day charts we have a potential huge Bull Flag with target at 100.000$, demand si huge , ETF’s absorb a lot of Bitcoins from the market, for now I don’t see any major bearish sign !

Latest News

Syndicate Announces Incentives for Degen Chain Teams and Developers

Japanese Web3 Infrastructure Provider Metaplanet Adds Bitcoin Worth $6.56 Million to Its Balance Sheet

Solv And GMX Enter Strategic Partnership, Establishing Six Trading Strategy Pools

Binance Market Update (2024-04-09)

Binance Ranks Ninth Place in Hurun's 2024 Top Ten Global Unicorns Ranking

Explore More From Creator

Latest News

Trending Articles