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Bitcoin Halving: Exploring Price Trends and Scarcity Throughout History

The Relationship Between Bitcoin Halvings and Price The Bitcoin halving cycle, a programmed event that roughly cuts the block reward for miners in half every four years, has become a focal point for investors and enthusiasts alike. Historically, these halvings have been followed by significant price increases for Bitcoin, leading many to believe they are a reliable indicator of future bull runs. However, the relationship between halvings and price is more nuanced than a simple cause-and-effect scenario. The Impact of Scarcity on Bitcoin Price The core principle behind the price impact lies in scarcity. By reducing the rate at which new Bitcoins are...

By NovaX
Updated 16 hours ago
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Bitcoin History: Echoes of the Past, Visions of the Future

Compare the EMAs crossings and the MACD trends now and then. Note it is a 3 day chart. I used EMA 50 smoothing input SMA 10. Presumably, I should short for a little while... (Thinking aloud, not financial advise). Meanwhile, you can listen "Now and Then" from The Beatles. And after that, "History Repeating" by Propellerheads feat. Miss Shirley Bassey. This is musical advise. DYOR... and kindly leave your thoughts below. :-)

By NovaX
Updated 16 hours ago
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Bitcoin Price Analysis: Is it Time to Buy BTC/USD?

I have a bullish outlook on BTCUSD based on the 30-minute chart analysis. The Elliott Wave theory signals the completion of wave (5) and the start of wave (a) upwards. I am targeting the 0.618 Fibonacci retracement level at 61958, with a potential further rise to the 0.5 level at 61834. The price action displays a distinct impulsive wave pattern succeeded by a corrective wave, indicating a positive trend. With an entry point at the current price of 61345, I anticipate a rise towards the mentioned Fibonacci levels. To manage risk effectively, the stop-loss is positioned just below the recent low...

By NovaX
Updated 2 days ago
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Bitcoin Price Analysis: Bybit Chart Insights for June 27

Hello, Bitcoin Guide here. By becoming a "follower," you can stay updated with real-time comment notifications on travel routes and important sections. If you find my analysis helpful, kindly consider hitting the booster button below. Looking at the Bitcoin 30-minute chart, there's anticipation for Nasdaq indicators to be revealed at 9:30 a.m. Today, the beats have touched the support line on the 2-hour Bollinger Band chart due to no central line contact for 6 hours, leading to an incorrect vertical rise. The NASDAQ variable is also causing concern. Observing Nasdaq, there's a lack of vertical decline, only sideways movement. Even in tether dominance, the...

By NovaX
Updated 2 days ago
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Bitcoin Price Surges: Is a Bullish Breakout Imminent in the Cryptocurrency Market?

Bitcoin Outlook Bitcoin is reacting off the pivot and could potentially breakout to the overlap resistance. Key Levels Pivot: 61,974.28 1st Support: 60,745.83 1st Resistance: 63,716.45 Risk Warning Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions,...

By NovaX
Updated 2 days ago
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Navigating the Cryptocurrency Rollercoaster: Solana’s Rise and Fall

In our recent analysis, we shared a contrarian view by predicting a potential decline for Solana towards the $10 level. It seems like we may have hit the peak and anticipate further downward movement. Our analysis indicates a 535 Zigzag correction pattern unfolding. Our selling confirmation came with the break of the red trendline, marking the transition from wave B to wave C. To invalidate the bearish scenario, we are monitoring levels above 210. We are on the lookout for additional shorting opportunities and will update our insights on new entry points. Wishing you success in your trades and remember...

By NovaX
Updated 3 days ago
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Bitcoin Consolidation: Key Levels to Watch for in the Cryptocurrency Market

Bitcoin Technical Analysis Current Outlook The price will consolidate between 62400 and 59940 till breaking. Bearish Scenario As long as the price remains below 62410, the bearish trend is expected to continue, with the first target at 59940. A break below this level could lead to the next bearish target of 56810. Bullish Scenario For a bullish reversal, the price needs to stabilize above 62410, aiming for 64900. If the price moves above this level, the uptrend could extend towards 70,000. Key Levels - Pivot Line: 62400 - Support Levels: 59940, 56600, 52800 - Resistance Levels: 64900, 67200, 70000 Expected Range The anticipated movement range for Bitcoin is between support 56900 and...

By NovaX
Updated 3 days ago
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Navigating the Cryptocurrency Market: Understanding BTC Fear Maxxing

🚨 Breaking News: Mt. Gox Trustee Set to Initiate Bitcoin and Bitcoin Cash Repayments in July 2024 🚨 Exciting developments have emerged today as the Mt. Gox Trustee announces plans to begin repayments in Bitcoin and Bitcoin Cash starting July 2024, sparking fresh concerns within the market. Consequently, BTC has experienced a decline below the $61k mark. 📉 Technical Analysis: - Attention was focused on the H8 demand zone, which had been a stronghold for the price over recent days. - Despite the emergence of an E9 Whale signal, it was swiftly negated by a Bearish Engulfing candle. - Following a weekend of limited liquidity,...

By NovaX
Updated 5 days ago
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