The London Stock Exchange set to launch Bitcoin and Ethereum ETN on May 28. As soon as the news was announced, BTC rebounded instantly. Is the market correction over? Will it break through the previous high again? April is about to usher in the halving of the pie. Historically, there will be a wave of in-depth corrections after halving. At present, the big funds in the market have exited, and the market structure has changed. If anyone dares to sell BTC, it will be below. Other organizations will take over.
Last night, BTC reached 70,000 dollars again. I just gave you an appetizer, let you taste the taste of the appetizer?
After you taste it, you feel it tastes good and your appetite is whetted, and then you will be served a sumptuous meal. That is to say, the current price is just a small test, just a prologue, the story has just begun, and then the feast of the story will slowly unfold, leaving more people stunned.
It has surpassed the previous high of 68,000 dollars and reached 70,000 dollars. It is just a small leap, allowing those who bought at the high point to unwind and make profits.
$70,000 is not the end, but a new starting point. Moreover, without any hold-up, BTC will become a wild horse that can run wild and run smoothly.
Of course, there is a famous saying on Wall Street that trees cannot grow to the sky. It is normal to give you a sharp turn back and make up for a 20% drop. Otherwise, everyone would think that they had just hitched a ride and that it was a smooth journey without any disturbances. This would also be abnormal. There will always be bumps along the way, and we will always stop to have a meal in the service area to replenish energy before starting the next part of the journey.
With the approval of ETF, more capital will legitimately enter the cryptocurrency market and purchase BTC. It is conservatively estimated that this round should at least double based on the previous high.
April is facing the fourth halving in the history of Bitcoin. The number of Bitcoins mined every day is now more than 900. After the fourth halving, the number of daily output will be reduced by half. Bitcoin will face greater scarcity.
Fiat currency can be issued in additional amounts, but the number of Bitcoins is constant. The code is the law and is not affected by human factors. There are only 21,000,000 coins. There is no shame in issuing one more. This is also the charm of Bitcoin. In everyone's expectations, Bitcoin will live up to expectations and reach new heights one after another.
I am Dapeng, nod my head, add a follow, and look at my personal homepage. We come to the currency circle not to double, but to turn over! The bull market is turbulent. If you don’t know what to do now, the bull market spot layout, contract password, and skirt will be shared for free.#BTC #icp #xrp #ETH
