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🚀 Statistics of past halvings: ⭐First Halving: Date: 29/11/2012Bitcoin Price: $12.25After halving, the price remained flat for 49 days before starting to rise again.First peak reached in April 2013 at $259 (21 times the price at halving).Second peak reached in November 2013 at $1,163 (94.9 times the price at halving). ⭐Second Halving: Date: 7/9/2016Bitcoin Price: $653After Halving, Bitcoin price remained flat for 4 weeks, then started to rise slowly until the beginning of May 2017 before increasing sharply.Peak reached in December 2017 at $19,666 (30 times the price at halving). ⭐Third Halving: Date: 12/5/2020Bitcoin Price: $8,605After Halving, Bitcoin price remained flat for 161 days.First peak reached in April 2021 at $64,895.Second peak reached in November 2021 at $69,000 (8 times the price at halving). ⭐Fourth Halving: Date: 20/4/2024Bitcoin Price: $63,821 Prediction: Bitcoin price is expected to remain flat for 1-2 months before rising again.Prediction: Assuming the price increase after each halving cycle is less than 3 times the previous cycle, we get: 8:3=2.6 times. => $63,821 x 2.6 = $165,934.Using Fibonacci extension, we have thresholds of $120,000 and $180,000 => taking the midpoint between these two thresholds, we get a price of around $150,000. $BTC #BTCHALVING
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☕Hong Kong's approval of Bitcoin and Ethereum spot ETF So after much speculation, Hong Kong has officially approved proposals for Bitcoin and Ethereum spot ETF trading. In January 2024, the United States Securities and Exchange Commission (SEC) approved 11 Bitcoin spot ETFs, a decision hailed as historic for the crypto market as it facilitated institutional investor inflows. However, the green light for Ethereum spot ETFs in the US is still pending. Despite rumors suggesting SEC approval in May, the likelihood seems low as the SEC has remained silent on Ethereum spot ETF proposals. Hong Kong's approval of Bitcoin and Ethereum spot ETFs could trigger another growth spurt in the cryptocurrency market, eagerly anticipated by investors. US Bitcoin spot ETFs have played a crucial role in propelling BTC to all-time highs earlier this year, reaching $73,737 in early March, buoyed by increasing capital flows into Bitcoin spot ETFs. $BTC $ETH #BTCETFSPOT #ETH
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⭐ CEO Alexandre Dreyfus talked about the #CHZ ecosystem's first meme coin CHZINU on X. - #Dogecoin has shown what meme coins can achieve. CHZINU can do the same, with the support of the strong Chiliz community!" - Let's make CHZINU the biggest meme coin in sports together!$$ #CHZINU is the first meme coin of the Chiliz Chain CHZINU cap value at this time is 500.000USD... soon🚀 $DOGE $CHZ
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☕ Bitcoin Exchange Reserves Reach Lowest Level Since April 2018: ⭐Key points: - BTC exchange reserves have dropped to ~2.3 million BTC, the lowest level since April 2018. - Limited supply on OTC markets could lead to a strong price surge if ETF funds buy BTC on centralized exchanges. - Prepare for potential volatility, as this situation could have a significant impact on the market. Chart: Glassnode #Btc-halving #bitcoin
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Latest News
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Bitcoin(BTC) Drops Below 119,000 USDT with a Narrowed 0.14% Increase in 24 Hours
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