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Cryptocurrency News Video
After #Bitcoinhalving, the upward momentum weakened, and future generations will continue to fluctuate! #Bitcoin #dogecoin #sol #Ethereum #trading #tradingview #WorldEarthDay
Apr 22, 2024 at 09:45 pm Tsuka Syukaki
Introduction
#Bitcoin #Bitcoin halving #dogecoin #sol #trading #Ethereum #eth #ethereum #btc #Bitcoin trading price #Dogecoin #solana #English FA Cup #World Earth Day
Hello everyone, today is Monday, April 22, 2024. The fourth Bitcoin halving event in 2024, which has attracted global investors' attention, has finally settled. The market reaction has not been as predicted or expected by most people. As expected, Bitcoin will rise sharply after the halving, even reaching $100,000.
This point of view has been made very clear by Tsuka Syukaki in the program on April 4, 2024, about the advantages and disadvantages of Bitcoin halving.
The positive aspects are:
The Bitcoin halving event prevents inflation. When the production of new Bitcoins decreases and block rewards decrease, Bitcoin is more likely to maintain long-term price stability and value, which helps control price inflation.
Additionally, there is scarcity and controllable supply. When the Bitcoin halving occurs, there are fewer Bitcoins available, thus affecting its value and supply.
However, the biggest disadvantage of Bitcoin halving is that it is detrimental to miners. It is the biggest negative event for miners.
Some miners may choose to relocate due to reduced mining returns to improve efficiency. Others may merge with larger miners.
Therefore, we see that after the halving of Bitcoin on April 20, 2024, Bitcoin did not rise or fall sharply, but fell into an anxious bull market.
Another important reason is that the popularity of Bitcoin halving has been too high since 2024. This heat has been digested by the market in advance.
Just like today's topic, Bitcoin's halving boots have landed, and the upward momentum has weakened.
In practical terms, "waiting for the boots to hit the ground" is an eager, wait-and-see mentality. Before a new policy or economic indicator is released, people already have expectations for the policy or event, which is manifested in the financial market by buying and selling in advance, causing the effects to be released in advance. After the new policy is officially introduced, it may cause the policy or economic results to deviate from the theory on which the policy is based.
Therefore, here we would like to remind investors not to speculate on the rise and fall of the financial market based on fundamental events. Doing so is reckless and undesirable.
Please check the text part on the official X account: X: twitter.com/Tsuka_Syukaki
Tsuka Syukaki shares the latest FX market, gold and cryptocurrency views anytime every day.
The views expressed in this video are not investment advice.
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TG: t.me/TsukaSyukaki
00:00 Bitcoin halving completed
00:24 Pros and Cons of Bitcoin Halving
01:56 Bitcoin technical analysis
02:36 SOL coin technical analysis
03:40 A senior student lowers the shadow line every day
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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