Halving Bitcoin, the most anticipated event in the cryptocurrency space is coming very close. Since the last block, we've come 99% of the way.
After the event, Bitcoin will become twice as scarce. Fiat money is being printed so much by Fed and Central Banks that it has never been seen before.
However, we are currently in the context of deflationary crisis. Therefore, it is not clear whether this low inflation rate proves its attractiveness to investors in the short term. It is often said that inflationary pressures tend to increase after a period of high deflation, so Bitcoin's long-term prospects remain strong.
In the next few days, the FOMO is likely to continue, the nearest resistance is easily recognized as at 9200, if surpassing this zone, we can expect Bitcoin to escape the long-term downtrend and enter the trend. New growth direction, can open a long position
If you can't get past the 9200 zone right away, it will take a few more days to retest (yellow box).
The closest TP level could be $ 10,500, good luck
After the event, Bitcoin will become twice as scarce. Fiat money is being printed so much by Fed and Central Banks that it has never been seen before.
However, we are currently in the context of deflationary crisis. Therefore, it is not clear whether this low inflation rate proves its attractiveness to investors in the short term. It is often said that inflationary pressures tend to increase after a period of high deflation, so Bitcoin's long-term prospects remain strong.
In the next few days, the FOMO is likely to continue, the nearest resistance is easily recognized as at 9200, if surpassing this zone, we can expect Bitcoin to escape the long-term downtrend and enter the trend. New growth direction, can open a long position
If you can't get past the 9200 zone right away, it will take a few more days to retest (yellow box).
The closest TP level could be $ 10,500, good luck