Bitcoin Halving: Bitcoin Could Be About To Make Another Major Move | Crypto Craft

  • Bitcoin Halving: Bitcoin Could Be About To Make Another Major Move

    From forbes.com

    Bitcoin traders and investors are nervously counting down to next week's bitcoin supply squeeze, known as a halving. The bitcoin halving will seen the number of tokens rewarded to those that maintain the bitcoin network, called miners, cut by half on May 12—with analysts divided over exactly how it will affect the bitcoin price. However, technical data and sentiment signals are suggesting the bitcoin price could soon make a major move. "The bitcoin halving is only five days away and in the lead up to this event, we’re seeing a lot of people speculating on what will happen, whether the price will go up or down, ... (full story)

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TudorIoan
May 7, 2020 1:00am
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Just another boring pump and dump drama for this insanely volatile trash ! Usual business, crypto whales make profit on stupid retail believers!
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Trader#1B83
May 7, 2020 2:30am
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Bitcoin . Weirdly enough I said It could go to 5800 when it was around 9000 . It went to 4000 . This was simple chart analysis on the weekly . Well , on the old weekly chart again . We're in the 8th up week . So its forming a wedge (triangle) . To 10000 but no breakout . Down to EMA 100 , 7300 . Up to EMA 5 , 8200 or Mid Bollinger , 8000 . Chop city for a week or so then breakout past 10500 , February high . Proviso it could go straight up to 20000 . Bitcoin is not beyond Technical Analysis .
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