Bitcoin dropped pre halvening
Bitcoin dropped pre halvening

Bitcoin dropped pre halvening

By bitcoindelight | bitcoindelight | 10 May 2020


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1d and 17 hours away from the next Bitcoin halving and today we experienced already a decent drop in Bitcoin.

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Market cap. went down nearly 12% as Bitcoin and Ethereum both dropped within the 11 -12% range. Litecoin dropped more than 14% and gains from altcoins like BNB, EOS and TRX are all within the same range. 

The important question is if this is already the expected POST halving price drop (similar to the downward price movement we experienced after the last two halving events) or is it just the start to go further down? What is your opinion? 

So far I am waiting to see where the next hourly candles will close.

 

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bitcoindelight
bitcoindelight

I started mining and trading in 2017, participated in airdrops, hardforks, and ICOs. I spent much time making myself familiar with technical analysis. I like to make people aware of things I am currently doing in the crypto space, projects I am currently spending time on.

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