Bitcoin corrected as we were expecting and if it ends below the triangle line we will continue to see a fall projection. The current support level is at 60. If it is broken we can see a correction to 50k, as I was commenting in my personal opinion about the halving. of btc we were going to have a significant correction if we end up under that triangle we have an extremely high probability

#btc #Bitcoin #mercado #sigueme Guillermo trading #telegram

The impact it has on the price of Bitcoin. By reducing the supply of new bitcoins, the halving increases the scarcity of the currency and, therefore, its value.

At least, that is the theory. In practice, the price of Bitcoin depends on many other factors, such as demand, competition, regulation, innovation, etc. However, there is no denying that the halving has coincided with some of the most bullish moments in Bitcoin history.

While you, like many, may think that the price of bitcoin will take off immediately or grow suddenly, let me tell you that you are wrong.

Although the institutions have already acquired a large part of these bitcoins, they have the game on that side, in which, most likely, they will become profitable before this event happens these days, another point is that before this event happens, the Whales will instill fear in the price significantly, creating selling pressure so that bitcoin holders start selling for fud, this is something completely logical, since the market is about this, playing psychologically with each other.

If a correction is expected, it could not be precious how far it could go, but I would not expect the price to drop below $40,000 in the areas we are in, and a setback should also be considered an opportunity, not fear.

Although we know that by reducing supply of demand, it is logical that the price will tend to rise, but this is where the second point goes, you must be patient.

2024 and 2025 are projected to be the best years for the price of bitcoin since its existence, first due to this factor and then due to the institutional factor, etc. It has grown too much since its creation and its level of adoption continues to be higher.

Although we have laws like the Mica law that will begin to run in Europe and the wolves of the SEC lurking, bitcoin has a spectacular path these years, you just have to stay calm and not get into fud or fomos in the market.

#etf #Bitcoin #halving #btc

We have just reached the lower part of the expected price, remember that if we see a breakout of this triangle we are going to have a significant correction and a bearish continuation. Now I was not expecting this breakout this weekend, if not on Monday from now on, but it came early.

You can see all these analyzes on the channel #telegram @guillermo_trading my account #instagram #sigueme #analisistecnico #trading

Bitcoin corrected -20% after the launch of a BTC ETF in the US🇺🇸

Expect a similar scenario when it is introduced in Hong Kong 🇭🇰

The correction is good for onboarding new users as traditional buyers tend to buy after a 20-30% correction.

#ultimahora #ultimasnoticias #criptomonedas #Bitcoin #btc #etf

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