The #bitcoin   halving is only 200 days away.But what does this mean and why is it important! ?If your unsure take a read through this ! #BTC   $BTC After the network mines 210,000 blocks roughly every four years the block reward given to Bitcoin miners for processing transactions is cut in half. This event is called halving because it cuts the rate at which new bitcoins are released into circulation in half.What Happens When Bitcoin Halves?The term "halving" as it relates to Bitcoin concerns how many tokens are rewarded. This acts as a way to simulate diminishing returns, theoretically intended to raise demand.The Bottom Line.Bitcoin halving cuts the rate at which new bitcoins are released into circulation in half. The rewards system is expected to continue until the year 2140, when the proposed 21 million limit for bitcoin is reached.Why is the halving so important & why was us created?Conventional FIAT currencies allow governments or banks to print money and cause inflation. In Bitcoin's case, the total supply will be maxed out at 21,000,000 BTC. Printing extra money causes inflation, if there is no extra money printed, the value of the Bitcoin should increase as the demand will rise (more people will start to use Bitcoin) and supply will lower or stay flat (no more Bitcoins are "printed"). This makes Bitcoin similar to gold, which has limited supply and cannot be "printed" or artificially created

Get Ready for Bitcoin's Bullish Explosion - 10 Reasons Why BTC is the Next Big Thing in 2024 Do you know what's more exciting than watching Bitcoin (BTC) prices go up and down like a rollercoaster? Figuring out what's going to make it skyrocket! 🎢💥 1️⃣ Scarcity is King 👑 The HODLers are doing their thing—holding a record high of nearly 15 million Bitcoins. Less supply? Higher prices. It's simple economics, people! 2️⃣ Halving is Coming 🗓️ Yep, another Bitcoin Halving is on the horizon (April 2024). What does that mean? Even less new Bitcoin will be made. Remember, the cap is 21 million. 3️⃣ History Doesn't Lie 📈 Every massive BTC bull run came after a Halving event. The cycle repeats itself. So, should we expect anything less this time? I think not. 4️⃣ It’s Not a Security, Folks 🛡️ While other cryptos face legal battles, Bitcoin stays in the clear. It’s like a superhero that doesn't need a secret identity. 5️⃣ Mass Adoption 🌍 Amazon, PayPal, and others are not just looking at Bitcoin; they're getting into the game. This isn’t just a fad; it’s a global movement. 6️⃣ Network Power 💪 Thanks to the Lightning Network, Bitcoin can handle a ton of transactions. It’s not just strong; it’s Hulk strong. 7️⃣ Momentum Drives Momentum 🔄 When Bitcoin goes up, it really goes up. Why? Because momentum traders jump in, adding fuel to the bullish fire. 8️⃣ Inflation Hedge 💰 With global inflation on the rise, Bitcoin is becoming the new gold. It's the lifeboat in our sinking economic world. 9️⃣ Geopolitical Booster 🌎 Global crises? Bitcoin doesn’t flinch. It’s been a stable asset in unstable times—just look at the Ukraine-Russia conflicts. 🔟 Technical Indicators 📊 All signs point to yes. The charts and the upcoming Halving are like a giant neon sign saying, "Bull Run Ahead!" Why All This Matters? 🎯 Look, if you're in the crypto space, these factors aren’t just exciting; they're your road signs for what’s coming. Buckle up because it’s going to be a wild ride to the moon! 🌕 #bitcoin #BTC #crypto2023 #crypto #cryptocurrency

A Bitcoin and crypto enthusiast shares a detailed post about Bitcoin’s next bull run. The post explores 10 factors fueling Bitcoin’s upcoming bullrun. Mainly it says scarcity factors and historical charts support the arrival of a Bitcoin bull run. As the Bitcoin Halving event inches closer, one Bitcoin (BTC) and crypto enthusiast makes a master post explaining why a Bitcoin bull run will be inevitable. Specifically, the post explores 10 reasons behind an optimistic outlook for a bullish result after the next Bitcoin halving. Ten reasons why #Bitcoin will go into bull mode at the end of this cycle, as it has done in the past.A thread by Stockmoney Lizards pic.twitter.com/X3kh7eWpWD — Stockmoney Lizards (@StockmoneyL) September 27, 2023 From the several compelling reasons to anticipate a bullish surge in the near future, the first one is linked to the HODL philosophy. In particular, the post talks about the scarcity factor which. As long-term investors are holding a record-high of nearly 15 million Bitcoin it reduces available supply and drives prices up. Next, the Bitcoin Halving event in April 2024. This is another scarcity factor. The upcoming halving event, occurring every four years, further limits new Bitcoin supply, with the maximum capped at 21 million. In third place is the Bitcoin Cycle itself. All of Bitcoin’s market phases, including all-time highs, bear markets, pre-halving actions, and bull markets, are influenced by halving events. So far every massive Bitcoin bullrun was preceded by a Bitcoin Halving event. Adding on, is the fact that Bitcoin is not a security. Bitcoin’s mathematical nature makes it immune to legal challenges like those facing certain US exchanges dealing with other cryptocurrencies. Similarly, the rapidly growing pace of crypto adoption adds to the mix. Mass adoption of Bitcoin beyond a store of value, with potential involvement from companies like Amazon, PayPal, and others contributes highly. As for network capacity, Bitcoin’s robust network can handle vast transaction volumes, thanks in part to the Lightning network. Meanwhile, Bitcoin’s parabolic rises attract momentum traders and speculators, amplifying its value. In addition, rising global inflation concerns may drive investors toward Bitcoin as a hedge, akin to gold historically. More so, geopolitical uncertainty is also a contributing factor. After all, in times of global crises, Bitcoin has proven to be a reliable store of value, exemplified during recent banking and Ukraine-Russia conflicts. Lastly, technical analysis shows historical Bitcoin cycles and the upcoming April 2024 halving indicate a potential bull run on the horizon. Clearly, Bitcoin’s unique properties, including its scarcity and resilience, continue to fuel optimism among crypto enthusiasts, providing a strong foundation for potential future gains. Read Also BTC Value To Hit Over 100X as 6M Lost Coins Boost Scarcity: Nakamoto’s Prediction in Action Bitcoin Halving: Why Bitcoin Halving Matters Countdown to Crypto Halvings: LTC, DASH, and BTC Bitcoin Poised for $100K Surge Following 2024 Halving, Expert Predicts Bitcoin Poised to Hit $48,700 Ahead of Next Halving? Historical Data Thinks So! The post Top 10 Reasons to Expect a Bitcoin (BTC) Bull Run Early Next Year appeared first on Crypto News Land.

⚡Halving: the silent power of Bitcoin⚡ #halving of #Bitcoin is an event that occurs approximately every four years and reduces by half the number of new bitcoins created for each block mined. This means that miners receive less reward for verifying transactions and thus maintaining the security of the network. The objective of #halving is to limit the supply of bitcoins and avoid inflation. The halving is scheduled by the code #Bitcoin and depends on the number of blocks, not the date. The next halving is expected in 2024, when block 840,000 is reached. The halving of #Bitcoin has an impact on the price of the asset as it affects supply and demand. As the supply of new bitcoins is reduced, the price tends to rise if demand remains the same or increases. This has occurred in previous halvings, where the price of Bitcoin has reached new all-time highs months after the event. However, the price also depends on other factors, such as adoption, regulation, competition and innovation, it is not possible to predict exactly how the market will react to the next #halving , which we must be clear about is a factor. inevitable: Its imminent scarcity and its increasingly high computing rate, only then will you understand that the price will stop care

According to CryptoPotato, the Bitcoin hash rate exhibited consistent growth throughout Q3, reaching a milestone of more than 400 EH/s this month, up from 250 EH/s at the start of 2023. Bitcoin mining difficulty also set a new all-time high of 57.11 T. A Coin Metrics report suggests that savvy Bitcoin miners continue to add operational hash rate, with the mining landscape set to become more complicated in 2024. As the next halving event approaches within a year, miners in the United States are ramping up production efforts and managing their mining fleets in anticipation of the upcoming reduction in block rewards in the spring. American miners are increasingly deploying modern machinery, contributing to the ongoing enhancement of overall network efficiency. The stakes for the mining industry will be elevated even further in the upcoming year with the anticipated launch of the state-of-the-art Antimer S21, which is slated to commence shipping in the first and second quarters of 2024. However, the concentration of hash rate in the hands of a few massive mining pools remains a major concern for the community. Foundry and Antpool have collectively controlled over 50% of Bitcoin's hash rate since January 2023, posing an ever-greater centralization risk. Although Foundry's dominance has slightly diminished from its peak of 34% in February to 29%, Antpool is steadily advancing, increasing its share by 5% during the same period, now reaching 23%. F2Pool, the third-largest mining pool with a 13% share, has also prompted a fresh wave of scrutiny in terms of the role of mining pools and their impact on transaction settlement, with the lack of transparency regarding policies and procedures fueling a growing sense of distrust towards mining pools.

One of the greatest prediction tools in financial markets is technical analysis. Technical analysis is a method based on predicting future price movements based on past price movements. Although this method is debated by many people, it is one of the most used methods in the world. When we examine the past price movements for Bitcoin ( #BTC ), we can see that they exhibit similar movements. For example: After the halving in 2016, it took 526 days for the price of Bitcoin (BTC) to reach the level of 19,650 USD, which will be defined as ATH for a while. After the ATH level of 19,650 USD, the bottom point (3,170 USDT) came 363 days later. You can see this data in the chart below. A very similar scenario occurred after the halving in 2020. Bitcoin halving took place on May 11, 2020. And then: After the#halvingin 2020, it took 548 days for the Bitcoin (BTC) price to reach its new ATH level of 69,000 USD. After the ATH level of 69,000 USD, the bottom point (the lowest point after ATH is currently 15,520 USDT) came 376 days later. . The difference between the time to peak after two Bitcoin halvings (548-526=22) is only 22 days. The difference between the time from peak to bottom after two Bitcoin halving processes is only 14 days (376-363=14). Let's Predict the Next ATH Date with This Data Let's create a projection based on all this data. The next Bitcoin halving date will most likely occur in April 2024. This date is currently estimated as April 12, 2024. Let's assume that the Bitcoin halving occurs on this date and find our possible ATH date by adding the date of reaching the peak in historical data. When we move forward 534 days after the halving, the dates will show October 29, 2025. The chart below shows a possible prediction of this move with candles in blue. It does not reflect reality or the future. It's just a guess. DYOR. The scenario that emerged after the virtual candles I created is as follows. As a result of this scenario, it is seen that the price of #Bitcoin (BTC) may go to 127,000 USDT levels and this date may be October 29, 2025. In the chart below, today's and future projections are seen side by side. Please note that this study is an estimate and does not contain investment advice. Financial markets can change depending on many different factors. DYOR. $BTC $ETH $BNB

Exploring Bitcoin Halving: All You Need to Know 1. What is Bitcoin Halving? A significant event in the cryptocurrency world. Occurs approximately every four years. Involves halving rewards for bitcoin miners. Aims to combat inflation and maintain scarcity. 2. Why Halving Exists? Embedded in Bitcoin's mining algorithm. Decreases the supply of new bitcoins over time. Intends to boost Bitcoin's price with stable demand. 3. How Does It Work? Bitcoin transactions validated by miners. Miners rewarded with bitcoins for verifying transactions. Currently, miners receive 6.25 $BTC per block. 4. Halving and Block Verification: Miner rewards halved every 210,000 blocks (approx. four years). Leads to increased price volatility in the Bitcoin market. 5. When Was the First Bitcoin Halving? 2012 Reduced mining reward from 50 BTC to 25 BTC per block. 6. Final Halving: 2140 No new coins created.Miners rely solely on transaction fees. Potential shifts in mining activities may impact network security. 7. Impact on Bitcoin Prices: Reduced miner rewards and decreased supply. Historically correlates with significant price increases. Ongoing debate on the direct link between halving and prices. 8. Next Bitcoin Halving: Uncertain Date Predicted around April 25, 2024 (four years after the last event). Predictability prevents major network shocks. 9. Bitcoin Halving's Trading Frenzy: Preceded by price volatility. Often followed by substantial price gains. 10. Investor Considerations: Caution advised during halving events. Scarcity may drive price appreciation. Network growth and adoption crucial for long-term success. Follow me for more Alpha✨

mid the turbulent crypto market, bullish sentiments still abound for some cryptocurrencies, especially altcoins like Bitcoin (BTC), Ethereum (ETH), Binance Smart Chain (BNB), XRP, etc. In a newly surfaced price analysis, a crypto analyst on TradingView, with the pseudonym Oaksacorn, predicted an unprecedented rally that would send XRP to an incredible price high of $249. He also said BTC could rise up to $1.2 million, but set a timeline for $43 XRP and $215,000 BTC. Predicted Timeline for Bullish XRP and BTC Prices Citing historical market trends, Oaksarcon noted that the present market pattern appears to show a glimpse of the cycle that played out between 2015 and 2018. Describing further, Oaksarcon pointed out that the current market cycle parallels the 2015 cycle, which elicited an unprecedented bull season that extended from 2017 to early 2018. The crypto analyst added that with this market structure, Bitcoin could ascend to $215,000, while XRP could start up with an initial increase to the $43 price level. Per Oaksarcon, should the market continue to follow the 2015 to 2018 pattern, then the BTC price could run into millions, precisely $1.247 million. On the other hand, XRP would find itself attaining the $249 price mark. Projected BTC and XRP price highs of $1.247 million and $249 would imply tremendous spikes in the range of 4,652% and 49,700%, respectively, from current prices of $26,237 per BTC and $0.5 per XRP. Hinting at a possible timeframe for his price projection to start playing out, Oaksarcon mentioned that BTC and XRP could hit the predicted prices of $215,000 and $43 in September 2024. It’s worth noting that this predicted timeline is after the periodic Bitcoin halving that historically turns bullish for BTC and the rest of the crypto market in the long term. The halving event is estimated to play out in April 2024. Finally, Oaksarcon warned that market cap for companies and digital assets are different entities that should be analyzed differently. He remarked, “Market Cap for companies is not the same as Market Cap for virtual currencies. Do not let the market cap concept smother your potential.” Meanwhile, while the above analysis might appear bullish for both XRP and Bitcoin, a previous prediction by Nicholas Merten that noted a $440 billion loss in the overall crypto market capitalization was published earlier by Timestabloid. It highlighted the impacts of the projected bloodbath on BTC’s market value. According to Merten, BTC could drop by 43%, finding support between $15,000 and $16,000. It is left to see how events unfold, as any of these forecasts would play out in the long run. *Disclaimer: This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #BTC #XRP $BTC $XRP