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Showing posts with the label bitcoin halving

Popular Analyst Shares Historical Pattern Indicating Altcoins Rally

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Altcoins to Rally Michael van de Poppe on September 4 said “Altcoins are ready to reverse, while nobody expects it.” The bullish narrative came amid the September FUD. He earlier reported that the last time Bitcoin had a green September month was in 2016 and expects BTC price to fall this September. advertisement He asserts that altcoins are showing upside momentum, with breakouts happening across the crypto market. His Analysis came amid bearish sentiment in the market and as most altcoins are in red in the last week. In recent months, the markets have been moving sideways, creating boredom for traders and whales. While the overall sentiment is still that the markets are continuing to fall, he expects a recovery soon. On the other hand, Bitcoin dominance has dropped significantly since the test of the 200-EMA. He shared a chart showing that Bitcoin dominance is in line with the previous cycles. Thus, the historical pattern hints at an upcoming rally in altcoin

Wen moon? Bitcoin halving cycle hints at Q4 as smart money 'buys the rumor'

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Bitcoin miners and "smart money" are the investor cohorts to watch when it comes to late 2023 BTC price action, says Filbfilb. Bitcoin (BTC) is “much more likely” to stay rangebound until at least Q4, 2023, according to longtime market participant Filbfilb. In an X thread on Aug. 25, the popular analyst and co-founder of trading suite Decentrader told readers to expect flat BTC price action into year end. Filbfilb: BTC price approaching "critical time" Bitcoin may be disappointing bulls after its 70% Q1 gains, but for Filbfilb, there is little about BTC price action this halving cycle that is different to its previous ones. “Bitcoin is 1200 days since the previous halving. During this period, Bitcoin has historically consolidated,” he explained. Uploading various comparative charts, Filbfilb predicted that miners should begin to bid price higher into the Bitcoin halving — with this occurring around 1,276 days after each prior halving . “Miners are incentivized to