Bitcoin in the final straight for halving

Confidence grows as halving approaches, that is, the doubling of miners' pay, and thus halving the supply of new Bitcoin. So far halving has proven to be an upward movement catalyst.

Today Bitcoin moves close to $ 9,400. Unexpectedly, its closure will exceed the last 4, maybe 5 months.

Of course Bitcoin is this, you can never know for sure. We have said many times that, unlike traditional stock market values ​​that go up the stairs and down the elevator, Bitcoin likes steep climbs and smoother fixes.

As we see in the 4-hour chart of Bitcoin, a new support level (green horizontal line) was formed, while the trend line (oblique orange) did not appear to be in danger. The upward trend, at least for the time being, seems strong.

Let's go and see the bigger picture. The Bitcoin price in the diagram below has broken the cathode channel where it was trapped for a long time (green parallel lines), breaking the 200-day moving average (black curve).

Psychology has begun to change for the better, compared to the last semester. If this path continues, the next significant psychological price level is $ 10,000 and of course $ 10,000, where the previous high is.

It doesn't mean that the rally has started but surely this time the rise is healthier, it builds bases. It is not due to some statements, such as that of the Chinese president in October, that have generated excessive enthusiasm. This is not a steep move with a large percentage change with a relatively small volume. It goes up because there are profound reasons for dealing with developments in the crypto ecosystem.

If the rise really began, these values ​​we see today will never be seen again. Unlikely, you think? Those were the ones who didn't believe that Bitcoin would get $ 100 and then $ 1,000. Bitcoin has endured a decade, in various attacks, from different sides. Nevertheless, somehow, it somehow survived and developed worldwide.

It has experienced significant development and as time goes on it improves. The reward for his faithful ones, if the experiment succeeds, will be high. Most in our lives, we come across opportunities, but few have the talent or ability to recognize them. Even fewer will find the courage to dare to exploit them.

First cycle

We are in the first cycle, as people are so massively informed about how important Bitcoin is and what its intrinsic properties have achieved to date. They learn that it is the first digital object that cannot be copied, that has never stopped functioning.

Many do not appreciate what this means. A system, a currency that directly affects the entire financial sector and half the governments of the planet, continues to work. As a repeated heartbeat, it produces one block every 10 ', for 11 whole years, although it has been attacked at all levels. And not only does it survive but it spreads.

But that's not the best. We have left the stage that governments and banks were trying to block or attempt to block. Now they aspire to imitate it!

When the Internet's massive spread began to appear, many doubted its dynamics. They claimed that there are not enough programming skills, that it will be blocked if there are too many emails, that we cannot watch videos. However, a technology never fails when there is demand. It fails only for lack of interest. As they continue to deal with it, the solutions are in one way or another.

Business and technological breakthroughs do not take place in one day, they take time. The blockchain area is fortunate to have strong minds, very talents, ambitions. Innovative investors, a million-user community that is constantly expanding. All of which are a guarantee that we will have pleasant surprises in the near future.

Why did the trend change in the last 1-2 months?

Because security and confidence are increasing as we approach halving, that is, doubling the miners' pay, and thus reducing half the supply of new Bitcoin. This weekend we entered the final straight. Less than 100 days left

 (https://www.bitcoinblockhalf.com/).

Some believe that this time the expectations have already been incorporated into the price. They are unlikely to be right, as Bitcoin is now being watched by many more people than ever before. And not only that. Today's investors and network participants enjoy the advantage of having more time to study the phenomenon, understand it.

It helped that the data is now more. In the past halving few really knew what was going on. On the other hand, however, a significant rise alone cannot be ruled out.

So far halving has proven to be a catalyst that pushes the price up.