Price breakthrough and sentiment change Bitcoin price is at $70,000, triggering a subtle change in market sentiment. The upcoming halving event predicts whether the upcoming Bitcoin halving will repeat the historical market or bring new market trends.
The bulls and bears in the long-short game market are in a fierce battle.
Impact of the fourth halving The fourth halving in April 2024 is expected to reduce the annual selling pressure of Bitcoin by $10 billion, easing the selling pressure in the market.
Market performance after historical halvings Historical data shows that Bitcoin has risen sharply after three halvings, indicating that it may continue to rise after the fourth halving.
Spot ETF funds flow into Bitcoin After the spot ETF was approved, the inflow of tens of billions of dollars of funds pushed the price of Bitcoin to continue to rise. Bitcoin native innovation The Ordinals protocol on the Bitcoin blockchain has opened up a new way of playing, and it is expected to trigger a new wave of enthusiasm when the halving occurs.
Runes Protocol is expected to be launched when Bitcoin is halved, becoming the focus of market speculation. Blue-chip NFT project dynamics The market value of the mfercoin token issued by the blue-chip NFT project mfers reached $200 million in 12 hours, demonstrating the enthusiasm of the market.
The Daxing Investment Research Team is committed to making money in the bull market and rejecting contract risks.
The goal is to ambush at least a few ten-fold coins in this round of bull market, hoping to win a hundred times. This round of bull market is transformative, and the enthusiasm and potential are unimaginable. This is entirely possible.
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