The Bitcoin halving takes place approximately every four years and is a built-in mechanism to slow down the process of creating new BTC so that the last one will be mined over a hundred years from now, even though more than 19.6 million are already in existence.
Aside from Bitcoin tapping a new all-time high in early March, the current bull cycle has been primarily driven by meme coins. The two largest ones – DOGE and SHIB – have been at the forefront, but the niche also saw the emergence of numerous new ones that The popular chatbot believes the halving, which should take place on April 19, “could lead to a sustainable increase in Bitcoin’s price due to its high demand.” Although the asset has retraced by double digits since its March ATH, this could actually be good news –“Since Shiba Inu and Dogecoin often move in tandem with Bitcoin, they could potentially spike in price during the Bitcoin halving event.
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Price analysis 4/5: BTC, ETH, BNB, SOL, XRP, DOGE, ADA, AVAX, TON, SHIBBitcoin may stay range-bound till the halving, indicating that the bulls and the bears are cautious in taking large bets.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Price analysis 3/28: BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX, SHIB, TONBitcoin is facing resistance at $72,000, but the bulls have not given up much ground, indicating buying on every minor dip.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Price analysis 3/29: BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX, SHIB, TONBitcoin’s failure to maintain above $70,000 may tempt short-term traders to book profits, dragging the price lower.
Source: Cointelegraph - 🏆 562. / 51 Read more »