π Bullish? Bearish? Bullish? Bearish? π» So what now, Bitcoin?
The news are sometimes positive, sometimes negative - time is running, block by block the halving is approaching, and Bitcoin remains undecided: π or π»?
The tension is rising!
GM dear CryptoTicker community
What kind of week has it been again? Let's be honest, nobody imagined it would be like this, and we're all starting to kind of wonder what we should still believe!
On Monday our german team was writing articles on "Bitcoin price explodes to 72,000 dollars - Is the new all-time high coming?" only to follow up on Tuesday with "Bitcoin crashes below 70,000 dollars - Why is the price so volatile?"
Then the news from the US that inflation remains at 3.5%, whereupon BTC reacts with a correction to 68k US dollars, only to immediately recapture the 70k US dollar mark last night.
So, what do you think?
Where do you currently see Bitcoin and market going?
A good reason (and positive for sentiment) to look at how the Halving has affected the crypto market in the past:
A look at the history of Bitcoin clearly shows that every halving to date has led to a significant price increase.
After the 2012 Halving, the price climbed from USD 12 in November 2012 to over USD 1,000 in November 2013.
Similarly after the 2016 Halving: from around USD 650 in July 2016 to around USD 2,500 in July 2017, with a new high of USD 19,700 in December 2017.
But this time everything seems to be different.
As we approach the fourth Halving, we have already reached a new Bitcoin all-time high. This breaks with the previous cycle and raises hopes and questions:
How will the price develop after the Halving?
Sky is the limit?
Where will the necessary liquidity come from or will we even experience a "left translated cycle"?
Join us on this exciting journey through the world of Bitcoin and discover what the upcoming Halving means for investors and the market.
Stay tuned, because in the crypto world, the next peak is never far away.
TL;DR - Long story short:
This may not be what you want to hear, but:
it remains super exciting to see how Bitcoin and the entire crypto market will react and develop in the coming months after the Halving!
Anything can happen. Nothing has to.
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