Potential For Further Momentum Ahead || Steem Alliance Community.

Hello Everyone,

Good evening everyone, how are you, i hope you all guys will happy and good. By the grace of God, i am also good. Today i am here to discuss the market sentiments and thinking of investers and traders after having.

As we all know, a big event has been happened that is called Bitcoin halving. A lot of people get excited about this event. It is happened on April 20, 2024. It was a big deal because from now half amount of new Bitcoins will mine as compare to pre halving season. It happened after every four years. A Bitcoin halving is like a scheduled event in Bitcoin mining rules that makes it harder to get new Bitcoin. Basically, it cuts in half the rewards miners get for doing the work of verifying transactions and keeping the system safe. So with the 4th halving, the reward went down from 6.25 Bitcoin per block to 3.125 BTC.

As each BTC halving happens, Bitcoin becomes more rarer. There will only 21 million Bitcoins which is different from regular money that can keep getting printed. With fewer new Bitcoins being made, the rule of supply and demand says its value might go up especially if people will keep wanting it. More and more people around the world are getting interested in cryptocurrency and things like turning assets into digital tokens make Bitcoin even more scarce. Big investors and regular folks want to buy Bitcoin.

Looking back at what happened before, It does not always predict what will happen next. but in the past, when Bitcoin halving events have occurred the price of Bitcoin has often gone up a lot. This happens because people get excited before the halving and then there is less Bitcoin available after it which can make its price go up. But remember, the price of Bitcoin can be really unpredictable, and it is important to be careful when trying to guess what might happen. With any investment, it is smart to do own research and be careful with our money.

It is exciting to see BTC is showing again upward momentum especially after the FOMO of halving. In the last week it test the support level ok 59000$. Now it has break the key resistance levels of 60000$.

While geopolitical tensions and concerns can make the causes of Bitcoin sales but Bitcoin upward trajectory are evident. The potential for Bitcoin to sustain its momentum above $66,000 and potentially reach $68,000 is indeed significant.

It would be my pleasure if you will share your opinion and reviews on my post.

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