Hello HODLers!
Here's a fresh market update for you!
Bitcoin
Congratulations to all my followers and readers for witnessing the fourth halving in the history of Bitcoin! There are more and more of us, but we can undoubtedly still consider ourselves the early adopters of this technology.
On the night between Friday 19 April and Saturday 20 April the rewards for miners went from 6.25 to 3.125 BTC per block and the fourth halving in history officially and successfully took place on the Bitcoin blockchain! How did the event affect the price of BTC? So far the impact of the halving has been positive; In the last 48 hours, Bitcoin has recorded an increase of approximately 5%, regaining the $66,000 level. However, the true effects of the halving, in the previous 3 cycles, have a real impact on the price months later. We'll see if this fourth halving will also trigger another devastating bull-run...
Bitcoin has rebounded after exploring the $60,000 area last week and now appears to be targeting the top of the range, which is near the current all-time high at $73,000. Will we see a supply shock in the coming months that will cause the price of Bitcoin to explode higher, given the halving of emissions?
Let me know your thoughts in the comments!
Ethereum
In the wake of Bitcoin, Ethereum also rebounded from the low point reached last week. The interest aroused by the most important event of the last four years did not leave much space for Ether.
ETH is currently in the $3,200 zone, after having lost, albeit only temporarily, the $3,000 level last week. The market price of Ethereum therefore grew, but less than that of Bitcoin.
The market is not yet in the so-called "alt-season" phase.
From a graphic point of view, the slide of the last week seems, at least for now, to have been recovered. Ethereum is located right near the main support that had collapsed last Monday. We will see if it will be able to emulate Bitcoin and approach the top of the range, or if it will collapse again.
Ethereum, unlike Bitcoin, has not yet surpassed its All Time High, in my opinion it is only a matter of time before it registers a new ATH, let me know what you think.
And finally... 6 FREE AIRDROP for my followers. Because this community is going to Make_It_Real. All together.
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