As we approach the impending halving event in 2024, slated to commence in a month, speculation arises regarding its potential outcomes. Historical data provides insights into recurring patterns, yet uncertainty looms regarding whether past scenarios will manifest once again.
We invite your insights:
Do you foresee growth or a departure from traditional trends towards decline?
Your perspectives are welcomed and valued.
We invite your insights:
Do you foresee growth or a departure from traditional trends towards decline?
Your perspectives are welcomed and valued.
Comment:
Understanding the Halving's Impact:
Supply Deficit: The halving mechanism slashes the rate of new Bitcoin issuance, leading to a diminished supply of new coins. This scarcity may affect the availability of bitcoins for trading.
Market Cycles: Historical data suggests that halving events often precede bull markets, hinting at potential price appreciation post-event.
Increased Demand: The advent of Bitcoin ETFs has bolstered demand from institutional investors, potentially amplifying the market impact of the halving.
Profitability: The halving event directly impacts the profitability of Bitcoin mining operations, which in turn influences the financial outlook of related companies and the valuation of their stocks.
Supply Deficit: The halving mechanism slashes the rate of new Bitcoin issuance, leading to a diminished supply of new coins. This scarcity may affect the availability of bitcoins for trading.
Market Cycles: Historical data suggests that halving events often precede bull markets, hinting at potential price appreciation post-event.
Increased Demand: The advent of Bitcoin ETFs has bolstered demand from institutional investors, potentially amplifying the market impact of the halving.
Profitability: The halving event directly impacts the profitability of Bitcoin mining operations, which in turn influences the financial outlook of related companies and the valuation of their stocks.
Comment:
Analysis of Patterns and Cycles:
In the aftermath of past halving events, a consistent growth trend has been observed, typically spanning around 350–360 days until the anticipation of the subsequent halving. However, a notable deviation occurred from November 2021 to December 22, 2022, marked by a significant price decline of over 70%, with Bitcoin hitting a low of $15,479. Subsequently, a period of Dollar Cost Averaging (DCA) ensued, characterized by sustained price appreciation.
In the aftermath of past halving events, a consistent growth trend has been observed, typically spanning around 350–360 days until the anticipation of the subsequent halving. However, a notable deviation occurred from November 2021 to December 22, 2022, marked by a significant price decline of over 70%, with Bitcoin hitting a low of $15,479. Subsequently, a period of Dollar Cost Averaging (DCA) ensued, characterized by sustained price appreciation.
Comment:
Wrongly published again Analysis of Patterns and Cycles..
Preparedness Alert:
With only about 1 month left until the highly anticipated Bitcoin halving event, anticipation is growing among traders and investors. This event is one of the turning points in the digital asset space that could significantly impact the supply dynamics and valuation of Bitcoin.
Preparedness Alert:
With only about 1 month left until the highly anticipated Bitcoin halving event, anticipation is growing among traders and investors. This event is one of the turning points in the digital asset space that could significantly impact the supply dynamics and valuation of Bitcoin.
Trade active:
Every time we make a new ATH, there is continuous growth
What to expect at this point?
What to expect at this point?
Trade active:
hmm...
Trade active:
Blackrock Adds Citi, Goldman, UBS, Citadel as Bitcoin ETF's Authorized Participants — IBIT Holdings Near 260K BTC
Blackrock, the world’s largest asset manager, now has nine authorized participants for its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT). They include JPMorgan Securities, ABN Amro, UBS Securities, Goldman Sachs, Citigroup, and Citadel Securities.
Blackrock, the world’s largest asset manager, now has nine authorized participants for its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT). They include JPMorgan Securities, ABN Amro, UBS Securities, Goldman Sachs, Citigroup, and Citadel Securities.
With approximately a month remaining until the fourth halving in April 2024, the available supply of bitcoins for trading has dwindled to historically low levels, significantly reshaping the dynamics of digital asset prices.
The volume of bitcoins held for long-term investment surpasses new supply by over 341%, indicating a trend of accumulation among investors rather than immediate liquidation.
The introduction of Bitcoin ETFs has added to the demand from institutional investors, further constraining the available supply.
Concurrently, there's an observable trend of investors moving bitcoins into long-term storage, reducing the active supply available for trading on exchanges.
Analysis of Patterns and Cycles:
In the aftermath of past halving events, a consistent growth trend has been observed, typically spanning around 350–360 days until the anticipation of the subsequent halving. However, a notable deviation occurred from November 2021 to December 22, 2022, marked by a significant price decline of over 70%, with Bitcoin hitting a low of $15,479. Subsequently, a period of Dollar Cost Averaging (DCA) ensued, characterized by sustained price appreciation.