FOMO

Bitcoin

Impact

Show

<p>As the highly anticipated Bitcoin halving draws closer, the cryptocurrency market is experiencing increased volatility and speculation. Despite the prevailing bearish sentiment last week, Bitcoin achieved its second-highest weekly close in history, signaling the market’s readiness for a rise.</p>
<h2 class="wp-block-heading" id="bullish-pennant-formation">Bullish Pennant Formation</h2>
<p>Bitcoin has been consolidating around the previous cycle highs for the past month, forming a bullish pennant pattern on the price chart. This technical formation suggests that the cryptocurrency is preparing for its next leg higher, with a potential target of $82,000, according to trader <a href="https://twitter.com/CryptoJelleNL/status/1777227404500451818" target="_blank" rel="noopener noreferrer nofollow">Jelle</a>.</p>
<p>The bullish pennant is a continuation pattern that typically occurs after a strong uptrend, signaling a brief pause in the market before the upward momentum resumes. Bitcoin’s holding above crucial support levels suggests a potential breakout to new all-time highs.</p>
<h2 class="wp-block-heading" id="institutional-involvement-and-halving-impact">Institutional Involvement and Halving Impact</h2>
<p>The upcoming Bitcoin halving, set to occur in less than 12 days, has the potential to significantly impact the market. The halving of the block reward for miners will lead to a decrease in the supply of new Bitcoins entering circulation, which has historically been accompanied by substantial price appreciation.</p>
<p>However, the presence of institutional investors, such as BlackRock, adds an element of uncertainty to the market. Some speculate that institutions may sell their holdings in anticipation of buying them back at lower prices post-halving. Others believe that the increased institutional involvement could lead to a more significant price pump compared to previous halving events.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="578" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-383-1024x578.png" alt="" class="wp-image-470458" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-383-1024x578.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-383-300x169.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-383-768x433.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-383-1536x866.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-383-2048x1155.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-383-266x150.png 266w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-383-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-383-620x350.png 620w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-383-788x444.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-383.png 679w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="historical-halving-performance">Historical Halving Performance</h2>
<p>A look at the historical performance of Bitcoin following each halving event reveals a pattern of diminishing returns:</p>
<ul>
 <li>After the first halving, BTC pumped 9,900% (when few people knew about crypto).</li>
 <li>After the second halving, BTC pumped 2,900%.</li>
 <li>After the third halving, BTC pumped 700% (when crypto had gained mainstream attention).</li>
</ul>
<p>While the percentage gains have decreased with each subsequent halving, the potential for substantial price appreciation remains, especially considering the growing institutional adoption of Bitcoin.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="investment-strategies">Investment Strategies</h2>
<p>For investors looking to capitalize on the potential bull run, a strategic approach is essential. CryptoBusy <a href="https://twitter.com/CryptoBusy/status/1777226910470390021" target="_blank" rel="noopener noreferrer nofollow">recommends </a>picking the best coins and holding 20–50% of futures trading profits to reap the rewards during the bull run peak. By positioning themselves when prices are low, investors can potentially avoid the FOMO (fear of missing out) that often accompanies the later stages of a bull market.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="664" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-384-1024x664.png" alt="" class="wp-image-470466" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-384-1024x664.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-384-300x195.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-384-768x498.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-384-1536x996.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-384-2048x1328.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-384-231x150.png 231w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-384-100x65.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-384-540x350.png 540w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-384-788x511.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-384.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="crucial-resistance-and-price-targets">Crucial Resistance and Price Targets</h2>
<p>As noted by <a href="https://twitter.com/CryptoMichNL/status/1777041750156014047" target="_blank" rel="noopener noreferrer nofollow">Michaël van de Poppe</a>, Bitcoin is currently facing crucial resistance. A break above this level could lead to a continuation of the uptrend, with van de Poppe predicting a pre-halving price of $70,000 and a potential cycle top of $300,000.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="554" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-385-1024x554.png" alt="" class="wp-image-470474" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-385-1024x554.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-385-300x162.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-385-767x415.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-385-1536x831.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-385-2048x1108.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-385-277x150.png 277w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-385-100x54.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-385-647x350.png 647w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-385-788x426.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-385.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The Bitcoin market is at a critical juncture, with the impending halving and the formation of a bullish pennant on the price chart. While the increased institutional involvement adds a layer of uncertainty, historical data suggests that substantial price appreciation could follow the halving event. For investors willing to take the risk, strategically accumulating positions during this period of volatility could yield significant rewards in the long run.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/bitcoin-inches-closer-to-a-bullish-pennant-breakout-analyst-shares-how-high-btc-can-go-in-this-cycle/" rel="noopener noreferrer nofollow">Bitcoin Inches Closer To A Bullish Pennant Breakout: Analyst Shares How High BTC Can Go In This Cycle</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin Inches Closer To A Bullish Pennant Breakout: Analyst Shares How High BTC Can Go In This Cycle

Mục lục

CaptainAltcoin

Các bài viết khác được xuất bản trên 8 thg 4, 2024

1inch Network Launches Crypto Web3 Debit Card with Mastercard

Ripple’s XRP USD Stablecoin Launch: Analyst Says “This Changes Everything”

Bitcoin Soars Past $72,000: MicroStrategy and Coinbase Stocks Skyrocket in Response

Blockchain life arena expanded as more attendees are keen on Bull Run gains

Wall Street Bulls Launches An Airdrop For Its ETH NFT Holders – Here’s More Details

Surge in Solana-Based Dogwifhat Meme Coin Attracts Investor Attention

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!