Bitcoin fear mongering before 2020 halving (BTC to the Moon!?)
Special message for all the BTC & Crypto traders out there!
Our Bitcoin Analysis is playing out exactly as planned before the Halving.
What is halving?
144 x 12.5 = an average of 1,800 new bitcoins mined per day. The number of new bitcoins that are created via the block reward is reduced by half every four years. This is known as the Bitcoin Halving.
What is the Significance of the Bitcoin Block Halving?
The halving decreases the amount of new bitcoins generated per block. This means the supply of new bitcoins is lower.
In normal markets, lower supply with steady demand usually leads to higher prices. Since the halving reduces the supply of new bitcoins, and demand usually remains steady, the halving has usually preceded some of Bitcoin’s largest runs.
The Propaganda Machine.
Before every large move in any financial market, there is always an induction. The induction is the final move in the opposite direction of the intended move, in order to fake out the masses and get them to “lose hope” in their investments & strategies. This is extremely common in trading, especially when a reversal by smart money is expected.
In the analysis below we see BTC on a Daily timeframe, take note of the downtrending market. Then occurs a micro uptrend which breaks out of the upper trend line inducing the BUY, right before the expected drop (induction).
Halving BTC Price Projections
Below is a great example of how Bitcoin has reacted in the past to the halving process.
What are your thoughts on the Crypto market? Will bitcoin burst or is it a “bubble”?