Tradingview Bitcoin halving is a decentralized appendage currency without a central bank or single administrator that can be sent from user to somebody on the peer-to-peer bitcoin system without the need for intermediaries. Transactions are verified by system nodes through with cryptography and filmed in A public distributed ledger called a. Bitcoin has had more elongated correction periods and FAR MORE drops in price than it has had halvings. A third correction period of over a year or another drop in price is neither an abnormality nor a deviation from the "norm". TradingView UK. Bitcoin (BTCUSD) has been rejected twice at EMA50, a very strong resistance which we mentioned in our previous analysis below. The price is now moving below EMA10 ($), which means that a daily close below this level and we will see MORE DROP. Bitcoin Halving The Bitcoin Halving is around the corner and we are waiting for a final drop before this event takes place.
Tradingview bitcoin halvingBitcoin Halving Demystified for BITSTAMP:BTCUSD by PurpleCrypto — TradingView
Notice the bullish price action that followed. Simple economics really. Supply is reduced whilst demand increases. I believe the same future lies ahead for ZEC. A privacy minded fork of BTC that has survived this market for years. There was much dislike for an Is the market maker still alive? Indicators are tired of being oversold. This analysis is not investment advice. You should do your own research! For fun only, not a predictor.. This is a humble idea for this current bitcoin cycle.
I took 3 previous cycles and projected their avarage differences taking S2F targets as a reference. I noticed the small possibility of two main peaks: one during the end of and one for the end of I can't imagine a final peak during the end of because this will result in a similar cycle lenght Btc is now trading over the yellow line connecting recent highs and basis currently at while that holds BTC has better chance of breaking up in near term because bears have less room for shorts, liquidity is low, recall that bitcoins are scarse, after halving many people and new investors are interested on BTC and traditional economies will recover Predictions and analysis.
Videos only. Top authors: halving. Bitcoin longterm chart. The fractals reveal it. Updated longterm BTC chart: The road to 1 million. This is fundmental economic research in cryptocurrencies.
If you don't become lambo, you will maybe become a professor before the next halving. FerdiHodler , See the tags above u will find "Beyond Technical analysis". Hey man fayyad awesome work, very accurate almost unbelievable.
You really mastered the curved trendlines. Hard to put on a chart. I have a question : Not sure from all your sentences but you see a bullrun before or only after that? What are you new estimates for the next potential ATH? I'd like your longterm view on that, Thanks brother! I guess the only reason I can think of as to why people think my projection seems so absolutely absurd is because they be dreamin' of owning Maseratis and Mansions and they be wantin' it now.
Do I think halvings have anything to do with the price of Bitcoin all one of the two halvings which had no significant correlation, where the price did not increase immediately after the halving and only increased months later in line with the trend it was in prior to the halving?
None whatsoever. Do I expect the price of Bitcoin to increase in the future? Yes, but only after it corrects. What is clear from this chart is that BTC , just like any other stock or crypto, goes through cycles. I can't predict when the corrections will end but I can forecast where it will likely finish based on its cycle and technical analysis , and that is what I am most concerned with at Purple Crypto Premium.
Adios amigos. What goes up must come down. Are We There Yet? What If It Goes Down? Comment: Hello ! We are still in correction. A Different Perspective.