Bitcoin

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">As the countdown to <a href="https://u.today/bitcoin-btc-to-hit-50k-after-bullish-weekly-divergence-says-top-analyst" rel="noopener noreferrer nofollow">Bitcoin's</a> next halving ticks below 10,000 blocks, crypto investors and traders are getting ready for a volatility surge. The halving, a scheduled event that slashes the reward for mining new blocks in half, is a fundamental economic mechanism designed to introduce scarcity into Bitcoin's tokenomics. Historically, these periods have catalyzed significant bullish runs, and this time around, the question on every investor’s mind is whether BTC will break the elusive $50,000 mark.</p>
<p dir="ltr">Currently, <a href="https://u.today/140000-btc-added-by-bitcoin-whales-in-epic-accumulation-move" rel="noopener noreferrer nofollow">Bitcoin</a> hovers around the $48,000 mark, following a remarkable recovery from previous dips. This resurgence has been characterized by a sustained uptrend, breaking past resistance levels with an assertive bullish momentum. However, as the halving approaches, speculation and historical patterns suggest a potential price surge, possibly breaching the $50,000 threshold.</p>
<h2 dir="ltr" id="local-support-and-resistance">Local support and resistance</h2>
<p dir="ltr">At present, a critical local support level for <a href="https://u.today/edward-snowden-watches-bitcoin-surge-forgetting-super-bowl" rel="noopener noreferrer nofollow">Bitcoin</a> stands firm at $46,000. It is a threshold that has been tested and held strong, offering a reliable fallback during price retractions. On the flip side, Bitcoin faces a formidable resistance at approximately $49,500, a line that, if crossed, could signal a significant bullish continuation.</p> <img alt="BTCUSD Chart" data-entity-type="file" data-entity-uuid="9a48062c-756a-40be-8af2-b519d583f0af" src="https://u.today/sites/default/files/inline-images/image_472.png"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">BTC/USD Chart by TradingView</a>
<h2 dir="ltr" id="growth-scenario">Growth scenario</h2>
<p dir="ltr">Should the historical trend following halvings hold true, <a href="https://u.today/1-million-for-btc-samson-mow-stuns-with-chinese-new-year-bitcoin-prediction" rel="noopener noreferrer nofollow">Bitcoin</a> could see its value catapult well above the $50,000 resistance in the aftermath of the event. The reduction in new supply, coupled with increasing demand, especially from institutional investors, could fuel a price ascent. If this scenario unfolds, we could witness a retest of all-time highs as market sentiment soars.</p>
<p dir="ltr">Conversely, a drop scenario might come into play if the market overly anticipates the halving event, leading to a "buy the rumor, sell the news" outcome. Such a scenario could see Bitcoin’s price retrace back to its support level, or further if macroeconomic conditions sour or if regulatory headwinds intensify.</p>

Less Than 10,000 Blocks Until Bitcoin Halving: Will BTC Break $50,000?

목차

U_Today

2024년 2월 12일에 게재된 다른 기사

OpenAI Trillion Dollar Move May Send AI Crypto Coins ‘Parabolic’

Top Meme Coins to Buy For The Upcoming 2024 Bull Run – $SPONGEV2, $SMOG, $MK

4 cryptocurrencies under 20 cents to buy this week

Bitcoin Close to Become a ‘Trillion-Dollar’ Asset: Here’s What You Can Expect from BTC Price This...

Polygon Introduces Type 1 Prover, Advancing ZK-Proofs for EVM Chains

ETH Soars Amid ETF Anticipation; Solana (SOL) and InQubeta (QUBE) Emerge as Investors’ Top Picks

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!