Bitcoin Tests $10,000, ‘Halving Dump,’ $1M BTC Predicted: Hodler’s Digest, May 4

[SRShanuka2020]

Bitcoin Tests $10,000, ‘Halving Dump,’ $1M BTC Predicted: Hodler’s Digest, May 4–10

Three reasons for the Bitcoin “halving dump” from $10,000 to $8,100

We’re less than 48 hours away from “the halvening” — and there’s been no end of drama over the past week. Initially, there was hype as Bitcoin soared, with the world’s biggest cryptocurrency testing $10,000. But over the weekend, a dramatic and sudden sell-off began — a sharp correction that caused BTC to slide all the way back to $8,100. Bitcoin plunged by 9% in a single hour as it failed to tackle the $10,200-to-$10,500 range, which has historically served as a strong level of resistance. Some analysts had been arguing that a sell-off was inevitable because BTC was overbought, but even they were predicting that this would happen after the halving. The big question now is whether that “fear of missing out” remains, whether Bitcoin can bounce back, and whether crypto executives, such as Decred Founder Joseph Young, believe prices will “roughly double” in the short term.

Visit For More info: Here

[rasangaya]

Thank you for sharing your news with this news.