In the next ten days, as the once-in-a-few-years Bitcoin halving event approaches, volatility is bound to increase.
Key points:
- Bitcoin returns to the $72,000 level.
- Halving trading enters the fast lane.
- Volatility will surge in the next two weeks.
Bitcoin rose at the start of the new week, with brisk trading pushing the price back above $72,000, following a lackluster performance in early April. In early trading on Monday, btcusd rose by about 4% to a daily high of $72,700 per coin. However, by Tuesday, the price was approaching $70,000 again as traders trimmed some long positions ahead of this month's key event.
The Bitcoin halving is expected to occur around April 19th to 20th. Occurring roughly every four years, Bitcoin undergoes a halving reward mechanism, reducing the incentive for mining. In other words, as new token issuance halves, Bitcoin will become scarcer. In past halving events, after traders gradually adapt to the new normal, prices usually rise.
Will this time be different? In May 2020, during the last halving, the price of Bitcoin was hovering around $9,000 per coin. So far, this represents an increase of about 700%. However, the price of Bitcoin has now reached a historic high, whereas four years ago, the original Bitcoin token was far below the 2018 record of $19,000. Nevertheless, Bitcoin is known for its volatility, and the cryptocurrency space is likely to see a lot of such fluctuations.
You can follow the public account: "币圈参谋长" to learn more about real-time market trends. Get more real-time strategies and earn more in a bull market!
This article is exclusively published by "币圈参谋长" (public account: 币圈参谋长) and does not represent any official position. The article's publication and review process have a time delay, and the above points are for reference only. Risk is self-borne! I specialize in BTC ETH macro forecasting and micro trading. When you see an opportunity, don't just analyze it, taking the first step is the most important. After becoming a disseminator of financial information, I hope that more people can learn the ability to make money through me, see the opportunities to make money, and achieve good results!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
