Hello friends, how are you all?? Wish
Bitcoin crossed ATH all time high at $70k, but the question is that what price it will in Bitcoin Halving, weird things is that Bitcoin already at ATH what will happen in having, confusion is that we should exist in the Market or Exit the Market. There is butterflies who do trading in crypto or recently invested in Bitcoin.
The bitcoin High price in the market credit goes to ETF or not ?? While a spot bitcoin ETF does not directly affect the price of bitcoin, the increased demand and purchasing of bitcoin by these ETFs could boost the price over time, so the reason of these unexpected green candles in the market can be because of ETF. Well guys 'm not any professional crypto advisor, these content is written on the basis of my knowledge and my own personal point view in crypto market.
Net flows into the 10 largest U.S. spot bitcoin funds reached $2.2 billion in the week ended March 1, with more than $2 billion of that going into BlackRock's iShares Bitcoin Trust , according to LSEG data.
What is Bitcoin Halving??
Bitcoin halving where speed of issuing Bitcoin will get half,with the same efforts miners will able to generate only half of Bitcoin as compared to before, Bitcoin halving event took place at every four year because of this scarcity of Bitcoin increases, as more demand less supply this basic economic funda but due to this there is huge impact on the price of Bitcoin, at every time of halving price of increases within 300 to 500 days, make Bitcoin it's All time high(ATH)as in 2012 it makes $12 to $1200 where in 2016 $650 to $19000 where is in last year of halving that is in 2020 created it's new ATH at $70000.
The next halving is expected to occur in April 2024, when the block reward will fall to 3.125 BTC.
What do you think in 2024 Bitcoin halving will create another ATH or something different can be expected??
As per the Bitcoin influx, there is a lot of happiness but on the other side there is also fear that something adverse may happen in the halving. As Crypto enthusiasm expecting a lot from Halving that the price will go up to $90k in the month of may 2924 but anything can happen in crypto market? Cryptocurrency is absolutely a roller coaster ride. You can't predict what will happen next so hopefully whatever going happens will be good, As an investor i will not invest anything in Bitcoin, as one of the greatest investor said When the there is bull Market, just take out your profit, always invest in bear Market, so 'm waiting for red candles in Bitcoin markets, so that it give opportunity to investors, to invest money in Bitcoin
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