💥 The Bitcoin halving is here!

💥 The Bitcoin halving is here!

Today’s agenda points ⤵️

⚠️ Caution is needed

As we see the Bitcoin halving occur, it is easy to get carried away and let your emotions take over.

But it is important to avoid this where possible as this journey is not going to be easy at all.

And yes... the Bitcoin halving will provide incredible cause for the market to climb but it won't be up only and that is why this is vital. There will be up and down moments, some will look super bullish and others will look like the bull run is over, and this is completely normal, so don't panic, instead look for opportunities.

Because one thing we do know, is that we are going to see a new all-time high again, but we have a long journey ahead still.

So... if you were hoping for an easy ride, think again... this will be tough but super rewarding if you can stick to your plan and not get carried away.

The best part is, we are here to continue guiding you through this bull run, so stick around and let's win together, and remember, taking profits is part of the game, otherwise we can't win.

📊 Today in markets

This year has had many events in the crypto world, some of which have had a significant impact, most notably the approval of the ETFs.

Now the halving is here, but are we going up or down first?

The quick answer to that is unknown as no one can predict the market movement with 100% accuracy, however, there are ways to give an indication.

So... let's jump into the chart 👇

First of all, the market did take a big hit and saw it drop to the $59k area, but this was also on the cards and isn't a major concern as it is around the fair value mark still (Orange line).

And as you can see, it quickly rebounded shortly after anyway, and we are sitting at around $65k, which is a huge positive and shows that there is some strength in the market still, and most importantly, there is massive interest at this level.

Even though we are in an uptrend overall for the year, as you can see with the trend line (white line), we are still under that area for the shorter term as momentum slowed, so that will be the next target after the halving, but there is also a chance we could hover in the danger zone post-halving for a short while.

But why?

Historically, the market has always dropped after the halving, but typically rebounds back within the next month before starting an even bigger leg up. However, that doesn't mean we will see the same thing this time as we are seeing different movements than usual, and so far, things have been steady.

Plus we have ETF approvals too, which could change the tide for Bitcoin this time around. The positive news though, is that we are about to half the mining rewards rate while demand for Bitcoin is at a high, and let's not forget... after the last halving, it took Bitcoin only 18 days to hit an all-time high.

If we are to repeat this, we would need to see a rise of around 15% from here, which in a bull run can quite easily happen, and so far this year we have seen that in a day before.

Overall, the market is healthy, so even with a drop we should be fine as long as we stay above the $52k area, drop below that and we could be in trouble. The targets for the short term would be to retest the $70k area and then push towards new all-time highs, but first we need to be prepared for any drop first.

For now, staying above $60k is super healthy and hopefully we can push on from there and potentially see the $100k price point for Bitcoin this year, but as always, anything could happen, so stay patient and stick to your plan.

💥 The Bitcoin halving is here!

The moment has finally arrived, Bitcoin halving has launched and things are truly about to start heating up now.

However, it will still be a bumpy ride, so buckle up, frens.

We already know that the Bitcoin halving is super bullish for the markets, and with more institutional money involved than ever before, and combined with approvals all over the place, we could be set to see an explosive crypto market over the next year.

But first, let's quickly run down what the Bitcoin halving is and why it is so bullish...

The Bitcoin halving is when the reward for mining Bitcoin transactions is cut in half. This means that it takes much longer to introduce more Bitcoins into circulation, resulting in a supply and demand issue.

Hence why the halving is typically bullish, as the demand is only ever increasing, and with less Bitcoin rewards being mined and added to circulation, we instead see a price increase for Bitcoin due to there simply not being enough to meet demand.

Now, as we know, when Bitcoin goes up, the rest of the market goes up too, so the times ahead are super exciting and we could potentially see Bitcoin hit $100k or more if things truly go to plan.

Historically, we have seen a quick dump followed by a huge pump from previous Bitcoin halving events, which means new all-time highs could come sooner than we think...

But as usual, we never know with certainty what could happen next, so always be prepared and keep as up to date as possible to give your self the best chance to succeed during this bull run.

👀 What’s next in Crypto?

The world of crypto is always changing, and with changes come opportunities...

Luckily for you, there is another opportunity approaching fast and one that could continue as the year goes on.

We are talking about ETFs.

Now, you've most likely seen the hype around the ETF approvals at the start of the year, and it is good knowledge that they have helped propel the price of Bitcoin and the markets up. But, this is simply the start of a much bigger movement, and China is the next powerhouse to get involved.

Last week, we saw China conditionally approve both Bitcoin and Ethereum ETFs which could spark a whole new demographic into the equation, leading to a huge injection of money too, which if you hadn't guessed already, this is HUGE for the markets.

But these are not set to be fully approved and available until the end of the month, and with the Bitcoin halving already in full swing, we could start to see big movements in the upcoming weeks and months. Although, China is just the start of the ETFs and we are expecting to see many more get involved as the year goes on, which is only more bullish for Bitcoin and the markets.

So make sure to keep an eye on all ETF news and involvements, as these are a great sign for positive movement in the markets, and it may just help push us even higher in this bull run and for the future of crypto.

Let's hope it's a good year and we see more great news and conditions as we move towards 2025.

🔮 Flooz Top Picks

Here are our three crypto picks of the week 👇

📈 The first on our list is $CREDI

Credefi is on a mission to bridge the gap in debt financing in the European Union and facilitate real-world impact. Not only is consumer debt increasing but so is corporate debt too.

This is potentially a massive solution to a major problem, and the blockchain will help to break these finance barriers.

$CREDI has also seen a 113% climb in the last 30D and is sitting at a $28M market cap.

📈 For our next pick, we have $NPC

$NPC is a meme fungible token (MFT) on Ethereum which is targeting to attract many investors.

Memecoins have seen a massive surge in popularity leading into this bull run and it seems another is on the table, with $NPC seeing a 60% climb in the last 14D and currently has a market cap of $34M.

📈 And our last pick of the week is $MATH

MathChain who are backed by BinanceLabs, is a Modular Blockchain based on Substrate for massive adoption, go-to-market and inclusive blockchain applications.

This project is looking to disrupt the market by providing a unique approach using the blockchain, and is gaining attention fast, with a 146% gain in the last 14D with a market cap of $79M.