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Let's read these criteria here for those who will be able to meet the criteria to buy GEMS Tokens at this time. So prepare to be leader of upcoming projects. If you want to be a leader, please DM to get this opportunity. Remember, a Golden Chance never comes twice 😋 Cryptocurrency opportunities are not just about trading or hodling coins, there are other extra opportunities beyond that or even traditional jobs
Not financial advice do your own research 🔬
Not financial advice do your own research 🔬
🔥 Rally Report 🔥
HEDERA
The price of HBAR has rallied by 46% in the past 24 hours.
WHY?!
⚡️ Hedera announced that BlackRock’s ICS U.S. Treasury money market fund had been tokenised on the Hedera blockchain in collaboration with Archax.
🕯 The announcement led to a massive spike in the price of HBAR as many Hedera supporters began claiming that BlackRock was the entity behind the decision to tokenise the fund. However, HBAR later saw a small correction after the project clarified that it was Archax and not Blackrock behind the move.
If you want to buy or trade HBAR, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
Source: Coinbureau
HEDERA
The price of HBAR has rallied by 46% in the past 24 hours.
WHY?!
⚡️ Hedera announced that BlackRock’s ICS U.S. Treasury money market fund had been tokenised on the Hedera blockchain in collaboration with Archax.
🕯 The announcement led to a massive spike in the price of HBAR as many Hedera supporters began claiming that BlackRock was the entity behind the decision to tokenise the fund. However, HBAR later saw a small correction after the project clarified that it was Archax and not Blackrock behind the move.
If you want to buy or trade HBAR, we have an exclusive $60K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
Source: Coinbureau
FREE MONEY AFTER ONE WEEK OR ONE MONTH?
Which One Do You Prefer Renzo Protocol Available On Binance Launchpool & GEMS Token available on Private Sell?
To earn free Money On Renzo you need to stake BNB or FDUSD while on the side of GEMS Token you buy at the current price of $0.07 and then after one month round 4 you double your money after the price selling at $0.14
That is the important of doing your own research when you decide to invest in crypto space because it is a game of chance to those who take action at the earliest stages😋😇 If you want to know more about GEMS Token please DM @ Kasonso Tel
Do your own research!
#BinanceLaunchpool
Which One Do You Prefer Renzo Protocol Available On Binance Launchpool & GEMS Token available on Private Sell?
To earn free Money On Renzo you need to stake BNB or FDUSD while on the side of GEMS Token you buy at the current price of $0.07 and then after one month round 4 you double your money after the price selling at $0.14
That is the important of doing your own research when you decide to invest in crypto space because it is a game of chance to those who take action at the earliest stages😋😇 If you want to know more about GEMS Token please DM @ Kasonso Tel
Do your own research!
#BinanceLaunchpool
MASSIVE CRYPTOS SUPPLY SHOCK 🔥
Here’s why:
✅With the recent bitcoin halving,
miners can now only produce a max
of 450 BTC daily.
✅US Bitcoin spot ETFs are buying an
average of 3,000 BTC daily.
✅Hong Kong ETFs are about to start
trading very soon.
✅Australia applied for spot Bitcoin
ETF
✅Institutions worldwide are lining up
to own a piece of Bitcoin
✅The bitcoin supply in all exchanges
is at an all-time low
This is going to be the biggest bullrun
you have never seen! Be patient, hold
tight and don’t get shaken out.
Also DM @ Kasonso Tel to participate in GEMS Token Private sale the powerful project that you don’t need to miss 😋🥳
Not financial advice do your own research
Here’s why:
✅With the recent bitcoin halving,
miners can now only produce a max
of 450 BTC daily.
✅US Bitcoin spot ETFs are buying an
average of 3,000 BTC daily.
✅Hong Kong ETFs are about to start
trading very soon.
✅Australia applied for spot Bitcoin
ETF
✅Institutions worldwide are lining up
to own a piece of Bitcoin
✅The bitcoin supply in all exchanges
is at an all-time low
This is going to be the biggest bullrun
you have never seen! Be patient, hold
tight and don’t get shaken out.
Also DM @ Kasonso Tel to participate in GEMS Token Private sale the powerful project that you don’t need to miss 😋🥳
Not financial advice do your own research
There are several benefits to being alone in scientific creation, including:
1. Independence: Working alone allows scientists to have complete control over their research and decision-making processes. They can pursue their ideas without external influences or constraints, leading to more innovative and original work.
2. Focus: Being alone can help scientists maintain a high level of focus on their research goals without distractions from collaborators or team dynamics. This can lead to more efficient and productive work.
3. Flexibility: Working alone gives scientists the flexibility to explore unconventional ideas or approaches that may not be feasible in a team setting. They can adapt their research direction quickly and make decisions without needing to consult with others.
4. Autonomy: Solo scientists have the autonomy to set their own research agenda, timelines, and priorities. They can work at their own pace and in a way that best suits their creative process, leading to greater satisfaction and fulfillment in their work.
5. Recognition: Individual scientists who work alone may receive more recognition for their contributions to scientific advancements, as they are solely responsible for their work. This can lead to greater visibility and career opportunities in the scientific community.
6. Personal Growth: Working alone in scientific creation can foster personal growth and self-reliance. Scientists may develop a deeper understanding of their own strengths and weaknesses, as well as enhance their problem-solving skills and critical thinking abilities.
While there are benefits to working alone in scientific creation, collaboration and teamwork also play a crucial role in advancing scientific knowledge. Collaborative efforts can bring together diverse perspectives, expertise, and resources to address complex research questions and achieve breakthrough discoveries. Ultimately, the choice to work alone or with others in scientific creation depends on the individual scientist's preferences, goals, and research objectives.
1. Independence: Working alone allows scientists to have complete control over their research and decision-making processes. They can pursue their ideas without external influences or constraints, leading to more innovative and original work.
2. Focus: Being alone can help scientists maintain a high level of focus on their research goals without distractions from collaborators or team dynamics. This can lead to more efficient and productive work.
3. Flexibility: Working alone gives scientists the flexibility to explore unconventional ideas or approaches that may not be feasible in a team setting. They can adapt their research direction quickly and make decisions without needing to consult with others.
4. Autonomy: Solo scientists have the autonomy to set their own research agenda, timelines, and priorities. They can work at their own pace and in a way that best suits their creative process, leading to greater satisfaction and fulfillment in their work.
5. Recognition: Individual scientists who work alone may receive more recognition for their contributions to scientific advancements, as they are solely responsible for their work. This can lead to greater visibility and career opportunities in the scientific community.
6. Personal Growth: Working alone in scientific creation can foster personal growth and self-reliance. Scientists may develop a deeper understanding of their own strengths and weaknesses, as well as enhance their problem-solving skills and critical thinking abilities.
While there are benefits to working alone in scientific creation, collaboration and teamwork also play a crucial role in advancing scientific knowledge. Collaborative efforts can bring together diverse perspectives, expertise, and resources to address complex research questions and achieve breakthrough discoveries. Ultimately, the choice to work alone or with others in scientific creation depends on the individual scientist's preferences, goals, and research objectives.
GOOD NEWS COMING SOON😋🥳
What do you expect in the image below?
Remember crypto investment is the game of chance to those who adopt at the earliest stages otherwise you won’t see the fruits of the crypto investment😋😇
What do you expect in the image below?
Remember crypto investment is the game of chance to those who adopt at the earliest stages otherwise you won’t see the fruits of the crypto investment😋😇
Many Crypto projects participated token2049 in Dubai
Here let’s understand GEMS:
What GEMS?
GEMS stands for "Growth, Engagement, Monetization, and Sustainability" in the context of the crypto space. It is a framework used to evaluate and assess the potential of a crypto project or token. Each component of GEMS represents a key aspect that investors and developers look at when considering a crypto project.
1. Growth: This refers to the potential for the project to grow in terms of user base, adoption, and market share. Projects with strong growth potential are more likely to attract investors and succeed in the long term.
2. Engagement: This refers to how engaged and active the community is around the project. A strong and active community can help drive adoption, provide feedback, and support the project's development.
3. Monetization: This refers to the project's ability to generate revenue or create value for its users. Projects that have a clear monetization strategy are more likely to attract investors and sustain themselves in the long term.
4. Sustainability: This refers to the project's ability to maintain its operations and growth over time. Sustainable projects have a clear roadmap, strong governance structure, and a solid foundation for long-term success.
In Summary, the GEMS framework provides a comprehensive way to evaluate the potential of a crypto project and assess its likelihood of success in the competitive crypto space.
Not financial advice do your own research.
Here let’s understand GEMS:
What GEMS?
GEMS stands for "Growth, Engagement, Monetization, and Sustainability" in the context of the crypto space. It is a framework used to evaluate and assess the potential of a crypto project or token. Each component of GEMS represents a key aspect that investors and developers look at when considering a crypto project.
1. Growth: This refers to the potential for the project to grow in terms of user base, adoption, and market share. Projects with strong growth potential are more likely to attract investors and succeed in the long term.
2. Engagement: This refers to how engaged and active the community is around the project. A strong and active community can help drive adoption, provide feedback, and support the project's development.
3. Monetization: This refers to the project's ability to generate revenue or create value for its users. Projects that have a clear monetization strategy are more likely to attract investors and sustain themselves in the long term.
4. Sustainability: This refers to the project's ability to maintain its operations and growth over time. Sustainable projects have a clear roadmap, strong governance structure, and a solid foundation for long-term success.
In Summary, the GEMS framework provides a comprehensive way to evaluate the potential of a crypto project and assess its likelihood of success in the competitive crypto space.
Not financial advice do your own research.
🥇 Bitcoin transaction fees reached all-time-high
“Exceeding US$128 on average, on-chain movement fees reached the highest value in their history.”
“Exceeding US$128 on average, on-chain movement fees reached the highest value in their history.”
BITCOIN SOON IS GOING TO DUMP😳😳
Someone is learning how to draw price action. Is He Correct that the price of Bitcoin is going to dump?🤣🤣
Please leave your comment below👇🏾
Not financial advice do your own research
#BTC #bitcoinhalving
Someone is learning how to draw price action. Is He Correct that the price of Bitcoin is going to dump?🤣🤣
Please leave your comment below👇🏾
Not financial advice do your own research
#BTC #bitcoinhalving
Bank establishment is considered more dangerous than standing armies because of the power and influence they hold over the economy and society. Banks have the ability to control and manipulate financial markets, interest rates, and currency values, which can have far-reaching and devastating effects on the economy.
Additionally, banks have the power to create money through the process of fractional reserve banking, which can lead to inflation and financial instability. Their actions can also lead to economic crises, such as the 2008 financial crisis, which had widespread repercussions on individuals, businesses, and governments.
Furthermore, banks often operate with little oversight and regulation, allowing them to engage in risky and unethical practices that can harm consumers and the overall financial system. Their interconnectedness and size also make them “too big to fail,” leading to bailouts and taxpayer-funded rescues in times of crisis.
In contrast, standing armies are typically under the control of governments and subject to strict regulations and oversight. While they can pose a threat to national security and engage in violent conflicts, their actions are generally more visible and predictable compared to the secretive and complex operations of banks.
In summary , the power and influence wielded by banks in the global economy make them a more dangerous force than standing armies in terms of their potential to cause widespread harm and instability.
Not financial advice do your own research.
Additionally, banks have the power to create money through the process of fractional reserve banking, which can lead to inflation and financial instability. Their actions can also lead to economic crises, such as the 2008 financial crisis, which had widespread repercussions on individuals, businesses, and governments.
Furthermore, banks often operate with little oversight and regulation, allowing them to engage in risky and unethical practices that can harm consumers and the overall financial system. Their interconnectedness and size also make them “too big to fail,” leading to bailouts and taxpayer-funded rescues in times of crisis.
In contrast, standing armies are typically under the control of governments and subject to strict regulations and oversight. While they can pose a threat to national security and engage in violent conflicts, their actions are generally more visible and predictable compared to the secretive and complex operations of banks.
In summary , the power and influence wielded by banks in the global economy make them a more dangerous force than standing armies in terms of their potential to cause widespread harm and instability.
Not financial advice do your own research.
If Satoshi Nakamoto were to suddenly appear, it would have a significant impact on the cryptocurrency world. Here are some potential outcomes:
1. Market Reaction: The price of Bitcoin and other cryptocurrencies may experience significant volatility in response to Satoshi Nakamoto's reappearance. Investors and traders may react to the news by buying or selling their holdings.
2. Credibility Boost: The return of Satoshi Nakamoto could provide a credibility boost to the cryptocurrency industry. Many people view Nakamoto as a visionary figure who created Bitcoin with the goal of revolutionizing the financial system.
3. Technical Contributions: If Satoshi Nakamoto were to re-engage with the cryptocurrency community, they could potentially contribute new ideas, innovations, or improvements to the Bitcoin protocol or other blockchain projects.
4. Legal and Regulatory Issues: There could be legal and regulatory implications if Satoshi Nakamoto were to reveal their identity. Governments and regulatory bodies may seek to impose regulations or restrictions on Nakamoto's activities.
5. Community Reaction: The cryptocurrency community would likely be divided in its response to Satoshi Nakamoto's reappearance. Some may welcome it as a positive development, while others may be skeptical or critical of Nakamoto's motives.
In Summary, the return of Satoshi Nakamoto would be a major event in the cryptocurrency world and could have far-reaching implications for the industry as a whole.
#satoshiNakamato #Kasonso-Cryptography
1. Market Reaction: The price of Bitcoin and other cryptocurrencies may experience significant volatility in response to Satoshi Nakamoto's reappearance. Investors and traders may react to the news by buying or selling their holdings.
2. Credibility Boost: The return of Satoshi Nakamoto could provide a credibility boost to the cryptocurrency industry. Many people view Nakamoto as a visionary figure who created Bitcoin with the goal of revolutionizing the financial system.
3. Technical Contributions: If Satoshi Nakamoto were to re-engage with the cryptocurrency community, they could potentially contribute new ideas, innovations, or improvements to the Bitcoin protocol or other blockchain projects.
4. Legal and Regulatory Issues: There could be legal and regulatory implications if Satoshi Nakamoto were to reveal their identity. Governments and regulatory bodies may seek to impose regulations or restrictions on Nakamoto's activities.
5. Community Reaction: The cryptocurrency community would likely be divided in its response to Satoshi Nakamoto's reappearance. Some may welcome it as a positive development, while others may be skeptical or critical of Nakamoto's motives.
In Summary, the return of Satoshi Nakamoto would be a major event in the cryptocurrency world and could have far-reaching implications for the industry as a whole.
#satoshiNakamato #Kasonso-Cryptography
Guys Let's Be Careful With Street Food!!
There was a guy on a bus, at every stop he ordered different foods - sometimes roasted maize, samosas, boiled peanuts, or chips.
When he reached Mikumi National Park In Tanzania, he found roasted meat and ordered half and two thousand shillings worth of roasted bananas! Later, he asked for some buttermilk to go with it!
Upon arriving home, his family welcomed him happily. He went to his room, then to the bathroom to ask his wife for some water to shower. She gave it to him immediately, but he took a while to shower... he showered thoroughly until the end.
After showering, he joined his family and asked them to thank God for the day they had been given. They prayed together and had dinner again.
After finishing dinner, he asked his family to pray together before going to bed.
In the morning, the guy woke up, showered, dressed nicely, and went about his daily activities.
At work, he continued his work as usual all day... in general, the guy is in good health.🤣🤣
There was a guy on a bus, at every stop he ordered different foods - sometimes roasted maize, samosas, boiled peanuts, or chips.
When he reached Mikumi National Park In Tanzania, he found roasted meat and ordered half and two thousand shillings worth of roasted bananas! Later, he asked for some buttermilk to go with it!
Upon arriving home, his family welcomed him happily. He went to his room, then to the bathroom to ask his wife for some water to shower. She gave it to him immediately, but he took a while to shower... he showered thoroughly until the end.
After showering, he joined his family and asked them to thank God for the day they had been given. They prayed together and had dinner again.
After finishing dinner, he asked his family to pray together before going to bed.
In the morning, the guy woke up, showered, dressed nicely, and went about his daily activities.
At work, he continued his work as usual all day... in general, the guy is in good health.🤣🤣
The purpose of the Bitcoin halving:
1. Control Supply, Increase Scarcity .—The block reward for miners is cut in half roughly every four years, limiting the number of new Bitcoins entering circulation.
2. Potentially Drive Price Up — With a limited supply and constant or rising demand, the price of Bitcoin could increase due to scarcity.
3. Combat Inflation –By slowing down new coin creation, halvings aim to minimize inflation within the Bitcoin system.
4. Hard Limit on Total Coins — There's a finite number of Bitcoins (21 million) that will ever be mined. Halvings help us reach that limit.
5. Milestone for Bitcoin —Each halving is a significant event in Bitcoin's history, making it progressively harder to mine new coins and boosting the value of existing ones.
1. Control Supply, Increase Scarcity .—The block reward for miners is cut in half roughly every four years, limiting the number of new Bitcoins entering circulation.
2. Potentially Drive Price Up — With a limited supply and constant or rising demand, the price of Bitcoin could increase due to scarcity.
3. Combat Inflation –By slowing down new coin creation, halvings aim to minimize inflation within the Bitcoin system.
4. Hard Limit on Total Coins — There's a finite number of Bitcoins (21 million) that will ever be mined. Halvings help us reach that limit.
5. Milestone for Bitcoin —Each halving is a significant event in Bitcoin's history, making it progressively harder to mine new coins and boosting the value of existing ones.
What Mean 210,000 Block Height In Bitcoin Halving?
The block height of 210,000 in the context of Bitcoin halving refers to the specific block number at which the Bitcoin mining reward is halved. In the Bitcoin network, approximately every 210,000 blocks mined, the reward that miners receive for validating transactions and adding new blocks to the blockchain is reduced by half. This event is known as the "halving" and is programmed into the Bitcoin protocol as a way to control the issuance of new Bitcoins and ensure scarcity in the long term. The first halving occurred at block height 210,000 in November 2012.
🎉 Welcome to a Post-Halving World 🎉
The much-anticipated fourth Bitcoin halving is now a part of history, and here's what it has brought us:
At block 840,000, the miner's reward was successfully halved from 6.25 to 3.125 BTC per block. This historic block was mined at 02:09 Central European Time, boasts a size of 2.33 megabytes, and contains approximately 3063 transactions.
The outcome?
The daily production of new Bitcoins is now halved to 450 BTC, and Bitcoin's inflation rate has dropped from 1.8% to just 0.85%.
🥇 In comparison, the stock of gold, Bitcoin's physical counterpart, grows by an estimated 1.6% annually, with a steady trend.
Bitcoin has thus reached a new milestone and is officially scarcer than gold.
After the halving, comes the anticipation of the next.
The fifth coming halving is scheduled for the year 2028 at block 1,050,000, which will further reduce the block reward to 1.5625 BTC.
#bitcoinhalving
🎉 Welcome to a Post-Halving World 🎉
The much-anticipated fourth Bitcoin halving is now a part of history, and here's what it has brought us:
At block 840,000, the miner's reward was successfully halved from 6.25 to 3.125 BTC per block. This historic block was mined at 02:09 Central European Time, boasts a size of 2.33 megabytes, and contains approximately 3063 transactions.
The outcome?
The daily production of new Bitcoins is now halved to 450 BTC, and Bitcoin's inflation rate has dropped from 1.8% to just 0.85%.
🥇 In comparison, the stock of gold, Bitcoin's physical counterpart, grows by an estimated 1.6% annually, with a steady trend.
Bitcoin has thus reached a new milestone and is officially scarcer than gold.
After the halving, comes the anticipation of the next.
The fifth coming halving is scheduled for the year 2028 at block 1,050,000, which will further reduce the block reward to 1.5625 BTC.
#bitcoinhalving
BREAKING: 💰 Bitcoin halving officially complete.
Are You Ready To Be A Rich Person?
Please leave your comment Below.
#bitcoinhalving
Are You Ready To Be A Rich Person?
Please leave your comment Below.
#bitcoinhalving
BREAKING NEWS🔥🔥🔥
💰 Bitcoin to Hit $122,000 in 2024, Predicts Finder’s Latest Survey of Experts
Finder’s latest survey on bitcoin’s (BTC) price involved a unique panel of 31 crypto and fintech experts. The results suggest that BTC could reach a peak of $122,000 in 2024, and then settle at $109,000 by year’s end. Nick Ranga, the senior crypto and forex analyst at Forextraders, attributes the current uptick in BTC’s value to growing institutional engagement. Ranga is among those experts who foresee BTC reaching its zenith once more in 2024, ultimately closing the year around the $100,000 mark per unit.
#bitcoinhalving
💰 Bitcoin to Hit $122,000 in 2024, Predicts Finder’s Latest Survey of Experts
Finder’s latest survey on bitcoin’s (BTC) price involved a unique panel of 31 crypto and fintech experts. The results suggest that BTC could reach a peak of $122,000 in 2024, and then settle at $109,000 by year’s end. Nick Ranga, the senior crypto and forex analyst at Forextraders, attributes the current uptick in BTC’s value to growing institutional engagement. Ranga is among those experts who foresee BTC reaching its zenith once more in 2024, ultimately closing the year around the $100,000 mark per unit.
#bitcoinhalving
NO PULLBACK AFTER BITCOIN HALVING ON APRIL 20, 2024😳
The current bottom will never see again? When we compare to Bitcoin halving 2020 and 2024 daily chart we see on April 20, 2024 Bitcoin will show nonstop pumping heavily without pullback which could lead us on April 22, 2024 Bitcoin having the price of 77K+. This is due to the current Bitcoin shows the oversold (Right chart) signal to pump without any pullback!
Before diving into let’s see what Bitcoin halving and Explaining more Williams and RSI indictor what telling us😋🥳
Bitcoin halving is an event that occurs approximately every four years, in which the reward for mining new blocks is halved. This event is programmed into the Bitcoin protocol to ensure that the total supply of Bitcoin remains limited, with a maximum cap of 21 million coins.
Historically, Bitcoin halving events have been associated with significant price increases. This is because the reduced supply of new coins entering the market puts upward pressure on the price, as demand for Bitcoin remains strong. In the lead-up to a halving event, there is often speculation and anticipation in the market, leading to increased buying activity.
With the next Bitcoin halving scheduled for April 20, 2024, many analysts and traders are predicting that Bitcoin will start to pump heavily in the days leading up to the event. This is based on historical patterns and indicators that suggest a bullish trend following halving events.
In the weeks and months leading up to the halving, Bitcoin’s price may experience increased volatility as traders position themselves for potential gains. This can create opportunities for both short-term traders looking to capitalize on price movements and long-term investors looking to accumulate Bitcoin before a potential price.
The Williams %R indicator is a momentum indicator that oscillates between 0 and -100, indicating overbought levels above -20 and oversold levels below -80. When Bitcoin shows an oversold signal on the Williams %R, it suggests that the price is at the lower end of its recent range, which could imply a potential for a price increase if other market conditions align.
Regarding the upcoming Bitcoin halving on April 20, 2024, historically, such events have led to a reduction in the rate at which new bitcoins enter the market, effectively decreasing the available supply. If demand remains constant or increases, basic economic principles suggest that the price of Bitcoin should rise¹². This has been observed in past halving events, where the price of Bitcoin increased following the reduction in mining rewards.
However, it's important to note that while historical data can provide insights, they do not guarantee future performance. Market conditions, investor sentiment, and broader economic factors can also significantly influence Bitcoin's price. The expectation of Bitcoin reaching 77K+ by April 22, 2024, would depend on a multitude of factors, including market reactions post-halving and overall cryptocurrency market trends at that time.
As with any investment, especially in highly volatile assets like cryptocurrencies, it's crucial to conduct thorough research and consider the risks involved. Diversification and careful risk management are key strategies for investors to consider.
Based on the latest available data for Bitcoin's daily chart analysis as of April 17, 2024, here's a technical analysis with a focus on the Relative Strength Index (RSI) indicator:
Bitcoin's Price Action:
- The price of Bitcoin has seen some volatility with a 1-day change of -3.84% and a 1-week change of -8.81%. Over the last month, the price has decreased by 9.03%.
RSI Indicator Analysis:
- The RSI is a momentum oscillator that measures the speed and magnitude of price movements. It typically fluctuates between 0 and 100, with readings above 70 indicating overbought conditions and below 30 indicating oversold conditions.
- As of the data from April 17, the RSI for Bitcoin is 47.33, which suggests that Bitcoin is neither overbought nor oversold, indicating a neutral market momentum at this time.
Technical Outlook:
- The current sentiment for Bitcoin is bearish, with the Fear & Greed Index showing 74 (Greed).
- Bitcoin's 50-Day Simple Moving Average (SMA) is projected to be around \$74,629 by May 14, 2024, while the 200-Day SMA is expected to rise to \$53,036
- There is a prediction that the price of Bitcoin could rise by 15.60% and reach \$77,816 by April 22, 2024, if it reaches the upper price target.
Please note that this analysis is based on past performance and current market conditions. The cryptocurrency market is highly volatile, and past performance is not indicative of future results. Always do your own research and consider seeking advice from a financial advisor before making any investment decisions.
#bitcoinhalving
Before diving into let’s see what Bitcoin halving and Explaining more Williams and RSI indictor what telling us😋🥳
Bitcoin halving is an event that occurs approximately every four years, in which the reward for mining new blocks is halved. This event is programmed into the Bitcoin protocol to ensure that the total supply of Bitcoin remains limited, with a maximum cap of 21 million coins.
Historically, Bitcoin halving events have been associated with significant price increases. This is because the reduced supply of new coins entering the market puts upward pressure on the price, as demand for Bitcoin remains strong. In the lead-up to a halving event, there is often speculation and anticipation in the market, leading to increased buying activity.
With the next Bitcoin halving scheduled for April 20, 2024, many analysts and traders are predicting that Bitcoin will start to pump heavily in the days leading up to the event. This is based on historical patterns and indicators that suggest a bullish trend following halving events.
In the weeks and months leading up to the halving, Bitcoin’s price may experience increased volatility as traders position themselves for potential gains. This can create opportunities for both short-term traders looking to capitalize on price movements and long-term investors looking to accumulate Bitcoin before a potential price.
The Williams %R indicator is a momentum indicator that oscillates between 0 and -100, indicating overbought levels above -20 and oversold levels below -80. When Bitcoin shows an oversold signal on the Williams %R, it suggests that the price is at the lower end of its recent range, which could imply a potential for a price increase if other market conditions align.
Regarding the upcoming Bitcoin halving on April 20, 2024, historically, such events have led to a reduction in the rate at which new bitcoins enter the market, effectively decreasing the available supply. If demand remains constant or increases, basic economic principles suggest that the price of Bitcoin should rise¹². This has been observed in past halving events, where the price of Bitcoin increased following the reduction in mining rewards.
However, it's important to note that while historical data can provide insights, they do not guarantee future performance. Market conditions, investor sentiment, and broader economic factors can also significantly influence Bitcoin's price. The expectation of Bitcoin reaching 77K+ by April 22, 2024, would depend on a multitude of factors, including market reactions post-halving and overall cryptocurrency market trends at that time.
As with any investment, especially in highly volatile assets like cryptocurrencies, it's crucial to conduct thorough research and consider the risks involved. Diversification and careful risk management are key strategies for investors to consider.
Based on the latest available data for Bitcoin's daily chart analysis as of April 17, 2024, here's a technical analysis with a focus on the Relative Strength Index (RSI) indicator:
Bitcoin's Price Action:
- The price of Bitcoin has seen some volatility with a 1-day change of -3.84% and a 1-week change of -8.81%. Over the last month, the price has decreased by 9.03%.
RSI Indicator Analysis:
- The RSI is a momentum oscillator that measures the speed and magnitude of price movements. It typically fluctuates between 0 and 100, with readings above 70 indicating overbought conditions and below 30 indicating oversold conditions.
- As of the data from April 17, the RSI for Bitcoin is 47.33, which suggests that Bitcoin is neither overbought nor oversold, indicating a neutral market momentum at this time.
Technical Outlook:
- The current sentiment for Bitcoin is bearish, with the Fear & Greed Index showing 74 (Greed).
- Bitcoin's 50-Day Simple Moving Average (SMA) is projected to be around \$74,629 by May 14, 2024, while the 200-Day SMA is expected to rise to \$53,036
- There is a prediction that the price of Bitcoin could rise by 15.60% and reach \$77,816 by April 22, 2024, if it reaches the upper price target.
Please note that this analysis is based on past performance and current market conditions. The cryptocurrency market is highly volatile, and past performance is not indicative of future results. Always do your own research and consider seeking advice from a financial advisor before making any investment decisions.
#bitcoinhalving
