[](/u/cryptodailyuk/)
Halving, the biggest crypto trap 😱
[KUCOIN:BTCUSDT](/symbols/BTCUSDT/)Bitcoin / Tether
As we already know, halving is approaching, so let’s take a closer look at it.As we can see on the chart, the price after halving has always started to increase, but will it be the same this time?
Currently, the price oscillates around $68-69,000, where a support level has formed after the declines at the beginning of the week (April 8).However, current movements indicate that the sale of bitcoins is slowly starting, which may not be optimistic about breaking through the recently created ATH, but we will soon see the long-awaited bitcoin halving.The next decline, which will happen before this big event, will cause more and more people to open positions for further increases, as well as people who do not participate in this market on a daily basis will start buying after hearing about this event, which will result in an inflow of new capital to the market.In a normal situation, we should expect increases, but is it really?
We will pay attention to situations during the approval of ETFs, where the price, instead of increasing, stopped, and we could even observe a decrease.This was due to the fact that this event was already priced, just as it may be now in the case of Halving.
Recent movements on etherum perfectly illustrate the situation, how the price reacts to specific cases, information and rumors.
On Monday, there was a lot of talk about the possible approval of ETFs also on ETH in May, so the market reacted to it with a sudden increase of 10%, but it was not maintained for long, because we can already see a decrease of 7%.This only shows that “fresh” rumors and news have a huge impact on the market, but we have known about halving for a very long time.
PS.Today’s inflation data from the USA, in which we can notice that inflation continues, may only intensify the reactions, where after the increase around Halving we will later see a correction instead of the promised $100k.
Currently, the price oscillates around $68-69,000, where a support level has formed after the declines at the beginning of the week (April 8).However, current movements indicate that the sale of bitcoins is slowly starting, which may not be optimistic about breaking through the recently created ATH, but we will soon see the long-awaited bitcoin halving.The next decline, which will happen before this big event, will cause more and more people to open positions for further increases, as well as people who do not participate in this market on a daily basis will start buying after hearing about this event, which will result in an inflow of new capital to the market.In a normal situation, we should expect increases, but is it really?
We will pay attention to situations during the approval of ETFs, where the price, instead of increasing, stopped, and we could even observe a decrease.
This was due to the fact that this event was already priced, just as it may be now in the case of Halving.
Recent movements on etherum perfectly illustrate the situation, how the price reacts to specific cases, information and rumors.On Monday, there was a lot of talk about the possible approval of ETFs also on ETH in May, so the market reacted to it with a sudden increase of 10%, but it was not maintained for long, because we can already see a decrease of 7%.This only shows that “fresh” rumors and news have a huge impact on the market, but we have known about halving for a very long time.
PS.Today’s inflation data from the USA, in which we can notice that inflation continues, may only intensify the reactions, where after the increase around Halving we will later see a correction instead of the promised $100k.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView.
Read more in the
[Terms of Use](/policies/#disclaimer-regarding-investment-decisions-and-trading)..
