Fun

News Feed - 2023-11-19 09:11:58

William Suberg20 hours agoBitcoin nears pre-halving ‘target zone’ toward $50K BTC priceBTC price action has yet to match one Bitcoin trader’s long-term target, but “patience is key,” he says nearly one year later.22188 Total views68 Total sharesListen to article 0:00Markets NewsJoin us on social networksBitcoin (BTC) is nearing a key Fibonacci retracement level, which could mark the top of its “pre-halving rally.”


That is according to popular social media trader Titan of Crypto, who on Nov. 19 reiterated a pre-halving BTC price target of up to $50,000.Trader: $39,000 is pre-halving BTC price target range floor


Bitcoin faces stiff resistance, sliding back to the $40,000 mark; several attempts to crack it have failed in the past week.


As Cointelegraph reported, the area immediately below also holds significance for aggregate market profitability, with $39,000 likely a breakeven point for those who bought in during the 2021 bull market.


Titan of Crypto has also flagged $39,000 as an important boundary — this time, however, as the bottom of where BTC/USD should end up prior to the April 2024 block subsidy halving event.


“The pre halving rally I told you about one year ago is about to reach its target zone between $39k-$50k,” he told X subscribers, adding that “patience is key.”


The update referenced an original post from December 2022, when Bitcoin was still preparing to recover from a trip to two-year lows of $15,600.


Then, Titan of Crypto used Fibonacci retracement levels to predict a pre-halving peak of up to $50,000 — at the time, a 220% increase.


“Each cycle BTC had a rally before its halving occurs. Those rallies topped within the 61.8%–78.6% fibonacci retracement area,” part of a commentary noted at the time.BTC/USD chart with Fibonacci retracement data. Source: Titan of Crypto/XConsensus grows on Bitcoin heading higher


Other BTC price predictions give similar targets before the halving.


Related: Bitcoin institutional inflows top $1B in 2023 amid BTC supply squeeze


Filbfilb, co-founder of trading suite DecenTrader, continues to give an area around $46,000 as “likely,” despite not discounting the probability of a BTC price dip between now and then.


What might happen after the halving, however, is a more bullish question for many, with forecasts including $130,000 or more by the end of 2025.


To the immediate downside, meanwhile, $30,900 has entered as a floor for Bitcoin’s next potential correction. A move lower to test liquidity, some argue, would be healthy, as well as a classic part of Bitcoin market uptrends.


BTC/USD is currently trading at $36,500, per data from Cointelegraph Markets Pro and TradingView, having tracked sideways throughout the weekend.BTC/USD 1-hour chart. Source: TradingView


This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.# Bitcoin# Bitcoin Price# Markets# Predictions# Bitcoin HalvingAdd reactionAdd reactionRead moreHistory tells us we’re in for a strong bull market with a hard landingExpect some crypto companies to fail in the wake of Bitcoin"s halvingNew BTC price breakouts see Bitcoin traders confirm targets up to $48K

News Feed

Helium Hotspot Miner – Mining With Helium Bar
Helium Hotspot Miner - Mining With Helium Bar press release PRESS RELEASE. Helium Network developed a decentralized peer to peer wireless network, which can conne
Bitcoin traders eye $60K BTC price support as 'huge' futures gap opens
William Suberg39 minutes agoBitcoin traders eye $60K BTC price support as "huge" futures gap opensBitcoin bulls remain confident despite BTC price hitting its lowest levels since March 6 in a brutal weekend sell-off.674
Gareth Jenkinson14 hours agoUK’s ‘Help with Fees’ scheme won’t define crypto as disposable incomeThe Ministry of Justice’s proposed “Help with Fees” scheme will not classify cryptocurrencies as disposable i
Venezuela to Incorporate Bitcoin and Litecoin Wallets into National Remittances Platform
Venezuela to Incorporate Bitcoin and Litecoin Wallets into National Remittances Platform Venezuela says it will incorporate bitcoin and litecoin wallets to its P
Selling Social Media Posts for $1.5 Million? Blockchain-Certified Tweet Sales Spark NFT Controversy
Selling Social Media Posts for $1.5 Million? Blockchain-Certified Tweet Sales Spark NFT Controversy The cryptocurrency community is in a tizzy this weekend after
Kenyan AI and Blockchain Startup Receives Investment From Swiss VC Firm
Kenyan AI and Blockchain Startup Receives Investment From Swiss VC Firm Fastagger Inc, an artificial intelligence and blockchain startup from Kenya, recently revealed that it had r
Telegram Token Investors Reject Refund Offer
Investors in Telegram’s blockchain project have opted to stick with the firm despite the U.S. Securities and Exchange Commission (SEC)’s recent injunction against the messaging platform’s token offering.
Bitcoin To $125K By End Of Q2? Bold Call From Bybit Executive
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Blackrock foresees “very little interest” in crypto ETFs beyond Bitcoin, Ethereum — Bitcoin 2024
Alex O’Donnell3 hours agoBlackrock foresees “very little interest” in crypto ETFs beyond Bitcoin, Ethereum — Bitcoin 2024Clients see Bitcoin and Ethereum as complements, not substitutes, in crypto portfolios, acc
Solana whale continues $84M dump with $2.8M sale
Ezra Reguerra12 hours agoSolana whale continues $84M dump with $2.8M saleThe Solana whale employed a dollar-cost averaging strategy, gradually selling tokens over time rather than making a single, large transaction.1660
Three Countries Account for Nearly Two-Thirds of Africa’s Crypto Holders — Study
Three Countries Account for Nearly Two-Thirds of Africa"s Crypto Holders — Study According to a new study, out of the estimated 55.3 million cryptocurrency holders that are sprea
7 Startups Join Mastercard Program to Make Cryptocurrency More Accessible
7 Startups Join Mastercard Program to Make Cryptocurrency More Accessible Payments giant Mastercard has added seven startups to its Start Path program to make cryptocurrencies more