DyonzxCrypto
Crypto Analyst
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BITCOIN Halving Explained for beginners :-
:- The Bitcoin Halving is a pre-programmed event that reduces the reward given to crypto miners by half approximately every four years. The Halving is essential because it ensures that the supply of Bitcoin is kept in check and prevents inflation. The reduction of mining rewards means that the demand for Bitcoin is expected to increase, and its value is likely to surge in response. It is anticipated to happen every 210,000 blocks or roughly every four years, with the most recent halving occurred in May 2020, reducing the reward from 12.5 to 6.25 BTC per block. The Bitcoin Halving plays a crucial role in the long-term viability and scarcity of Bitcoin.
Does halving increase BITCOIN price ?
:- Halving reduces the number of new Bitcoins introduced due to that demand for new Bitcoins generally increases. Bitcoin's price after each previous halving event has risen generally. So if the same thing continues we may see it rising in 2024 too.
:- The Bitcoin Halving is a pre-programmed event that reduces the reward given to crypto miners by half approximately every four years. The Halving is essential because it ensures that the supply of Bitcoin is kept in check and prevents inflation. The reduction of mining rewards means that the demand for Bitcoin is expected to increase, and its value is likely to surge in response. It is anticipated to happen every 210,000 blocks or roughly every four years, with the most recent halving occurred in May 2020, reducing the reward from 12.5 to 6.25 BTC per block. The Bitcoin Halving plays a crucial role in the long-term viability and scarcity of Bitcoin.
Does halving increase BITCOIN price ?
:- Halving reduces the number of new Bitcoins introduced due to that demand for new Bitcoins generally increases. Bitcoin's price after each previous halving event has risen generally. So if the same thing continues we may see it rising in 2024 too.
RUNE slowly moving towards Liquidity area after it formed the major Change of Character.
We may grab Long positions once the price starts to reverse after reaching the order block.
Our stop loss lies just below the order block and profit book is at the range of 11.
Note: This is just for educational purpose.Do your own research before investing.
We may grab Long positions once the price starts to reverse after reaching the order block.
Our stop loss lies just below the order block and profit book is at the range of 11.
Note: This is just for educational purpose.Do your own research before investing.
RUNE Forming a Strong falling wedge Pattern !!
It may pullback Strongly after retesting the Support level.
Note : This is just for educational purpose.Do your own research before investing.
It may pullback Strongly after retesting the Support level.
Note : This is just for educational purpose.Do your own research before investing.
As I have predicted before RUNE is slowly declining as it crossed its support line.Volumes are quite good too.
Lets see :-- It may Pull back again after it reaches 8.0.
Lets see :-- It may Pull back again after it reaches 8.0.
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