It's been a while since my last forecast on BTC. This year we experienced significant changes, positive for BTC. Anyway, the price action is slowly entering consolidation between the 25100 - 31000 range. As the blockchain improves (faster and more secure transactions, with much lower gas fees) and the halving is approaching in less than a year, the signals are all towards a positive BTC. I have set some parameters on my chart that are key for me and my current feeling is that by the end of August we could see the price around 40-50k. By the way, below is my last Post on BTC from December 2022.
If you have any questions feel free to reach out.
Many waves, Adnan!
If you have any questions feel free to reach out.
Many waves, Adnan!
"The Lightning Network Solution for Bitcoin
We can’t forget about the Lightning Network—the layer-2 protocol that holds the keys to making Bitcoin transactions faster and cheaper. This nifty scaling solution is buzzing with potential, offering a glimmer of hope to alleviate Bitcoin’s congestion issues.
As more users hop on the scaling solution bandwagon, the congestion plaguing Bitcoin’s network might finally find some relief. This would undoubtedly result in a decrease in the base layer’s transaction activity as users migrate to the second-layer solutions.
But, alas, nothing is perfect in the world of technology. Even the Lightning Network has its own set of hurdles to clear before it can conquer the masses. Technical challenges, such as routing issues and channel capacity constraints, have proven to be sticking points for some users. And let’s not forget the daunting task of setting up a Lightning node, which can leave non-technical users scratching their heads.
While Bitcoin’s recent decline in network activity raises valid concerns, it also serves as a reminder of the importance of finding viable solutions to ensure the scalability and sustainability of blockchain networks. The cryptocurrency community remains optimistic as developers continue to innovate and tackle the challenges head-on."
If you have any questions feel free to reach out.
Many waves, Adnan!
If you have any questions feel free to reach out.
Many waves, Adnan!
"The Lightning Network Solution for Bitcoin
We can’t forget about the Lightning Network—the layer-2 protocol that holds the keys to making Bitcoin transactions faster and cheaper. This nifty scaling solution is buzzing with potential, offering a glimmer of hope to alleviate Bitcoin’s congestion issues.
As more users hop on the scaling solution bandwagon, the congestion plaguing Bitcoin’s network might finally find some relief. This would undoubtedly result in a decrease in the base layer’s transaction activity as users migrate to the second-layer solutions.
But, alas, nothing is perfect in the world of technology. Even the Lightning Network has its own set of hurdles to clear before it can conquer the masses. Technical challenges, such as routing issues and channel capacity constraints, have proven to be sticking points for some users. And let’s not forget the daunting task of setting up a Lightning node, which can leave non-technical users scratching their heads.
While Bitcoin’s recent decline in network activity raises valid concerns, it also serves as a reminder of the importance of finding viable solutions to ensure the scalability and sustainability of blockchain networks. The cryptocurrency community remains optimistic as developers continue to innovate and tackle the challenges head-on."
