Join our Telegram channel to stay up to date on breaking news coverage
bitcoin price rose almost 6% in the last 24 hours to trade at $64,855 at 06:12 am EST, while trading volume skyrocketed 20%.
Markets are on the edge of their seats as the btc halving becomes imminent. Reports indicate that the number of Google searches for “halve” has reached an all-time high.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”5.3877551020408″>
ONLY IN: Google search “twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin halve” is at an ATH pic.twitter.com/MgoyYsEUyY
– bitcoin Magazine (@BitcoinMagazine) twitter.com/BitcoinMagazine/status/1780984051937005926?ref_src=twsrc%5Etfw”>April 18, 2024
In the same spirit, multinational media site CNN says that “the halving is the bitcoin World Cup.”
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”5.3146853146853″>
JUST IN: CNN says halving is the 'World Cup' for twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin pic.twitter.com/dhfeQ8cehc
– bitcoin Magazine (@BitcoinMagazine) twitter.com/BitcoinMagazine/status/1780941496247550027?ref_src=twsrc%5Etfw”>April 18, 2024
The countdown according to CoinGecko shows that there are only 14 hours left and only 85 blocks left.
<img decoding="async" class="aligncenter wp-image-509252 size-full" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="bitcoin price” width=”1117″ height=”351″ data-lazy-srcset=”https://technicalterrence.com/wp-content/uploads/2024/04/Bitcoin-Price-Prediction-BTC-Ahead-of-Halving-as-This-BTC”https://technicalterrence.com/crypto/bitcoin/”>btc-halving.png 1117w, https://technicalterrence.com/wp-content/uploads/2024/04/Bitcoin-Price-Prediction-BTC-Ahead-of-Halving-as-This-BTC”https://technicalterrence.com/crypto/bitcoin/”>btc-halving-300×94.png 300w, https://technicalterrence.com/wp-content/uploads/2024/04/Bitcoin-Price-Prediction-BTC-Ahead-of-Halving-as-This-BTC”https://technicalterrence.com/crypto/bitcoin/”>btc-halving-1024×322.png 1024w, https://technicalterrence.com/wp-content/uploads/2024/04/Bitcoin-Price-Prediction-BTC-Ahead-of-Halving-as-This-BTC”https://technicalterrence.com/crypto/bitcoin/”>btc-halving-768×241.png 768w” data-lazy-sizes=”(max-width: 1117px) 100vw, 1117px” data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2024/04/Bitcoin-Price-Prediction-BTC-Ahead-of-Halving-as-This-BTC”https://technicalterrence.com/crypto/bitcoin/”>btc-halving.png”/>btc-halving.png” alt=”bitcoin price” width=”1117″ height=”351″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/04/Bitcoin-Price-Prediction-BTC-Ahead-of-Halving-as-This-BTC”https://technicalterrence.com/crypto/bitcoin/”>btc-halving.png 1117w, https://technicalterrence.com/wp-content/uploads/2024/04/Bitcoin-Price-Prediction-BTC-Ahead-of-Halving-as-This-BTC”https://technicalterrence.com/crypto/bitcoin/”>btc-halving-300×94.png 300w, https://technicalterrence.com/wp-content/uploads/2024/04/Bitcoin-Price-Prediction-BTC-Ahead-of-Halving-as-This-BTC”https://technicalterrence.com/crypto/bitcoin/”>btc-halving-1024×322.png 1024w, https://technicalterrence.com/wp-content/uploads/2024/04/Bitcoin-Price-Prediction-BTC-Ahead-of-Halving-as-This-BTC”https://technicalterrence.com/crypto/bitcoin/”>btc-halving-768×241.png 768w” sizes=”(max-width: 1117px) 100vw, 1117px”/>
This halving comes amid market nervousness over the situation in the Middle East.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”13.190082644628″>
All I can say is that close attention NEEDS to be paid to the situation in the Middle East.
If things escalate, the market will explode in the blink of an eye.
Better safe than sorry.
—Kyle Chassé (@kyle_chasse) twitter.com/kyle_chasse/status/1781252236347056423?ref_src=twsrc%5Etfw”>April 19, 2024
Following today's reports of Israel launching a missile attack on Iran, nearly $300 million in leveraged positions were liquidated. Traders are fleeing for safety into more traditional assets like gold and silver.
Meanwhile, analysts indicate that effective selling pressure on bitcoin is reducing.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”10.350515463918″>
bitcoin selling pressure from traders may be easing as unrealized profit margins are basically zero now.
The price realized by traders (pink line) has acted as price support during a bull market and is now at ~$60,000. pic.twitter.com/rQbxKQ3W1T
— Julio Moreno (@jjcmoreno) twitter.com/jjcmoreno/status/1780979596097204310?ref_src=twsrc%5Etfw”>April 18, 2024
For now, volatility is at all-time highs, and leveraged traders are hurt when the price of bitcoin soars in either direction.
And in the midst of all that, Binance co-founder Changpeng Zhao (CZ) has wished the markets a happy halving.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”7.8021978021978″>
Someone asked me if the bitcoin halving is like a stock split… We're still early. (The answer is no)
Happy halving! pic.twitter.com/gxAvfOpGQH
– Czech Republic BNB (@cz_binance) twitter.com/cz_binance/status/1781180083425988959?ref_src=twsrc%5Etfw”>April 19, 2024
bitcoin Price Prediction As btc Halving Approaches
Notably, bitcoin price has managed to record a candle close above the psychological level of $60,000 for seven full weeks in a row. He notes that the bulls are showing strength. As seller momentum continues to reduce, bitcoin price could be primed for an upward move.
Meanwhile, there is a bullish divergence in the Relative Strength Index (RSI) on the 12-hour period. This happens when the RSI records higher lows while the bitcoin price records lower lows. This often precipitates a bullish reversal, hinting that bearish sentiment is losing momentum. It also shows that the current upward reversal is gaining strength.
The Awesome Oscillator (AO) also shows green histograms approaching positive territory. Furthermore, the Moving Average Convergence Divergence (MACD) is pending to move above the orange band of its signal line. If this happens, it would strengthen the current uptrend to start a bullish cycle.
If the bulls have their way, two levels will be of interest. First, a 12-hour candle close above $67,818 and then a close above $71,345. This would set the tone for an extension that could see the price of bitcoin rise to a new all-time high.
<img decoding="async" class="aligncenter wp-image-509255 size-full" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="bitcoin price” width=”1273″ height=”542″ data-lazy-srcset=”https://technicalterrence.com/wp-content/uploads/2024/04/Bitcoin-Price-Prediction-BTC-Ahead-of-Halving-as-This-BTC.png 1273w, https://insidebitcoins.com/wp-content/uploads/2024/04/BTCUSDT_2024-04-19_13-02-43-300×128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/04/BTCUSDT_2024-04-19_13-02-43-1024×436.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/04/BTCUSDT_2024-04-19_13-02-43-768×327.png 768w” data-lazy-sizes=”(max-width: 1273px) 100vw, 1273px” data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2024/04/Bitcoin-Price-Prediction-BTC-Ahead-of-Halving-as-This-BTC.png”/><img decoding="async" class="aligncenter wp-image-509255 size-full" src="https://technicalterrence.com/wp-content/uploads/2024/04/Bitcoin-Price-Prediction-BTC-Ahead-of-Halving-as-This-BTC.png" alt="bitcoin price” width=”1273″ height=”542″ srcset=”https://technicalterrence.com/wp-content/uploads/2024/04/Bitcoin-Price-Prediction-BTC-Ahead-of-Halving-as-This-BTC.png 1273w, https://insidebitcoins.com/wp-content/uploads/2024/04/BTCUSDT_2024-04-19_13-02-43-300×128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/04/BTCUSDT_2024-04-19_13-02-43-1024×436.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/04/BTCUSDT_2024-04-19_13-02-43-768×327.png 768w” sizes=”(max-width: 1273px) 100vw, 1273px”/>
x/ZZXx9L5K/” target=”_blank” rel=”noopener”>TradingView: btc/USDT 12-hour chart
Reverse case
Conversely, the zone extending from $57,000 to $59,005 is significant as there is still some uncollected liquidity at the March 5 low of $59,005. With this, it is possible that the price of bitcoin will register a drop in this critical zone before a strong bullish movement.
As the halving approaches, bitcoin ownership is the new craze and with it, the pre-sale of BTCMTX is gaining steam.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”12.041666666667″>
twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin Halving the impact: Miners are better positioned this time due to recent gains, says twitter.com/hashtag/Benchmark?src=hash&ref_src=twsrc%5Etfw”>#Reference point report.twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc increased by 140% in the last two quarters, while twitter.com/search?q=%24ETH&src=ctag&ref_src=twsrc%5Etfw”>$eth and the widest twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto The market also saw significant gains.
What strategies do you think the miners will use to…
—Bitcoinminetrix (@bitcoinminetrix) twitter.com/bitcoinminetrix/status/1781281430900711466?ref_src=twsrc%5Etfw”>April 19, 2024
Analysts say BTCMTX could see 5x or even 10x growth at launch as it offers investors easy entry into the bitcoin market at a time of relative tight supply.
BTCMTX offers one last purchase opportunity and the pre-sale will end on April 25.
Promising alternative to bitcoin
bitcoin Minetrix (BTCMTX) is a cloud mining project, where BTCMTX token holders can stake their holdings to earn credits.
These credits can be exchanged for mining hash power. With the entire process tokenized and decentralized, it offers investors a better deal than the traditional bitcoin mining approach.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”12.179836512262″>
Taking advantage of the possibilities of mining twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw”>$btc with twitter.com/hashtag/BitcoinMinetrix?src=hash&ref_src=twsrc%5Etfw”>#BitcoinMinetrix!
Embarking on twitter.com/hashtag/crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto mine with ease:
Simple initiation for beginners.
Cost effective without hardware expenses.
Don't worry about space, noise or heat.
Effortless and hassle-free updates. pic.twitter.com/uUbXWLCL2z
—Bitcoinminetrix (@bitcoinminetrix) twitter.com/bitcoinminetrix/status/1751651421974397052?ref_src=twsrc%5Etfw”>January 28, 2024
Investors who wish to purchase BTCMTX, the token that powers the bitcoin Minetrix ecosystem, can do so on the official website. Each token sells for only $0.0147. So far, pre-sale sales have reached a whopping $13.156 million.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”11.352459016393″>
With him twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin Halving just around the corner, mining companies are preparing for the changes!
Of twitter.com/MarathonDH?ref_src=twsrc%5Etfw”>@MarathonDH to twitter.com/RiotPlatforms?ref_src=twsrc%5Etfw”>@RiotPlatformspay attention to how they are preparing for the shift.
Who do you think will prosper after the halving? twitter.com/hashtag/BitcoinMinetrix?src=hash&ref_src=twsrc%5Etfw”>#BitcoinMinetrix has successfully raised more… pic.twitter.com/aPtKV1rne9
—Bitcoinminetrix (@bitcoinminetrix) twitter.com/bitcoinminetrix/status/1778017182447743155?ref_src=twsrc%5Etfw”>April 10, 2024
A price increase will occur in less than 21 hours, so buy now if you are interested.
Visit the official bitcoin Minetrix website here to purchase BTCMTX tokens.
Also read:
- Audited by Coinsult
- Secure and decentralized cloud mining
- Earn free bitcoin daily
- Native Token in Pre-Sale Now – BTCMTX
- Staking Rewards: Over 50% APY
Join our Telegram channel to stay up to date on breaking news coverage
<script async src="//platform.twitter.com/widgets.js” charset=”utf-8″>
