#BullBearTrader #Memecoins $BTC $SOL
Bitcoin Halving: Is 3200% Surge Feasible Following Potential Supply Crunch?
Bitcoin halving is seen as bullish event with massive gains in the past, however several factors could impede the price surge.
By David Pokima
2 mins ago
stake

STORY HIGHLIGHTS
The upcoming Bitcoin halving continues to attract bullish projections.
Analysts look at factors that can impede a massive rise.
Data points to diminishing returns after halving.
The cryptocurrency market awaits the upcoming Bitcoin halving which will slash miner rewards by 50% as bulls tip another price run. A new market report from crypto analytics firm CoinGecko shows a two fold situation with steady increase in Bitcoin price after each halving and a case of diminishing returns.

SirWin
Bitcoin has surged an average of 3,230% after three previous halvings with bulls projecting a price surge pointing to historical events. However, bears and short traders opine that the rise would not be as high as previous halvings due to supply crunch, sell pressure, crypto regulations, macroeconomic factors, etc.

Historic Trends in Bitcoin Price
The trend of Bitcoin halving dominated crypto spaces in the last few months. From miners and traders positioning to reserve flows to centralized exchanges, analyst have linked price movements to the historic bullish event.

The first halving in November 2012 slashed rewards from 50 BTC to 25 BTC. Within a year post halving, the price surged from $12 to $1,075 recording over 8,000% increase in price. The second halving in July 2016 reduced fees to 12.5 BTC with a yearly touch rise off 294%. Bitcoin price grew from $650 to $2,560 a year after the halving.

Scorpion Casino
$SCORP Pre-Sale Is Almost Sold Out
Famous Casino Launches Token with Daily Staking Rewards
BUY $SCORP
AD
In May 2020, the third halving reduced rewards to 6.25 BTC with the price going from $8,727 to $55,847. Analysts signalled the diminishing return with respect to price movements after halving and how it can influence the next occurrence.

🚨 🚨 Earn $50 Daily on Binance: A Practical Strategy

Achieving daily profits on the Binance platform can be feasible with the right approach. Here’s a clear strategy to help you potentially earn $50 every day:

Day TradingDay trading requires you to actively monitor the market and execute buy and sell trades within the same day. To implement this strategy effectively, start with thorough research and analysis. Use both technical and fundamental analysis to understand market trends.

Select trading pairs with high liquidity and significant daily price fluctuations, such as BTC/USDT or ETH/USDT. Determine your entry and exit points using indicators like the Relative Strength Index (RSI) and MACD.

Bot Trading
For those who cannot constantly monitor the market, bot trading offers a viable alternative. Choose a reliable trading bot, such as 3Commas or HaasOnline, and program it to follow specific strategies based on technical analysis or grid trading. Regularly monitor the bot’s performance and adjust the strategies as necessary to ensure it continues to meet your trading goals.
Participating in Promotions and Competitions

Binance frequently offers promotions and contests that can be additional sources of earnings. Stay updated with Binance announcements to participate in these competitions and take advantage of various offers. Utilize promotions like deposit bonuses.

Additional Tips
Continuous learning is crucial in the fast-evolving world of cryptocurrency. Dedicate time to understanding and analyzing market trends and strategies. Start with small amounts of capital to gain experience and gradually increase your investments as you become more confident.
Always remember, trading digital currencies carries significant risks. Stay informed, practice disciplined trading, and apply these strategies to enhance your chances of achieving daily profits on Binance.
$BTC $ETH

#ProfitWithConfidence #Binancepen_spark #BinanceTournament! #BullBearTrader $BTC #Write2Earn!