Bitcoin has officially executed a systematic, hard-coded and highly anticipated event known as the halving. The event, which happens roughly every four years, essentially cuts the Bitcoin reward that miners receive for powering the network in half, reducing the new supply of BTC entering the market. The reward for mining a block has reduced from 6.25 BTC to 3.125 BTC. The halving does not directly impact the price of BTC and is not like a stock split. Instead, it fulfills and showcases Bitcoin’s scarcity, its ever-decreasing rate of inflation and its steady climb to a maximum supply of 21 mil ..read more

A popular crypto trader says the decentralized oracle network Chainlink (LINK) is flashing a short-term bullish signal. Ali Martinez tells his 59,300 followers on the social media platform X that the Tom DeMark (TD) Sequential indicator recently presented a buy signal for LINK on the daily chart, which he says suggests “a potential one to four-day upswing.” Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their 13 previous bars or candles. Source: ali_charts/X LINK is trading at $13.81 at time of writing. The 18th-ranked cr ..read more

A widely followed crypto analyst says Bitcoin relief is on the way as the imminent BTC halving draws closer. The BTC halving is a pre-programmed event that occurs every four years, slashing BTC mining rewards in half. Analysts and experts anticipate the next BTC halving should occur in the coming days or even hours. One analyst, Michaël van de Poppe, tells his 712,800 followers on the social media platform X that BTC has an opportune shot to fight back from the $61,000 region. “Pretty significant chance Bitcoin will be bouncing from this area upwards for some relief. The hype is slo ..read more

Closely followed quant analyst PlanB is predicting that the cycle top for Bitcoin (BTC) will be more than 4x the current value. The pseudonymous analyst tells his 1.9 million followers on the social media platform X that Bitcoin could put up massive gains after the April 19th halving event based on historic precedence. He believes the halving event, when miners’ rewards are cut in half, will once again be a bullish factor for Bitcoin and predicts the crypto king will reach a cycle top of about $300,000 by 2025. “In my opinion, this Bitcoin halving will not be different: All Bitcoin price inc ..read more

A closely followed crypto strategist believes if Dogecoin (DOGE) takes off, then another memecoin stands to benefit from the hype. Pseudonymous analyst Inmortal tells his 212,500 followers on the social media platform X that Floki (FLOKI) is poised to have a breakout on April 20th, dubbed “DOGE Day” by the memecoin’s supporters. “Will pump DOGE on 4/20? If yes, FLOKI will follow. Confirmation above 0.00016.” Source: Inmortal/X Looking at the analyst’s chart, he suggests a FLOKI breakout would be confirmed if it flips the $0.00016 level into support. FLOKI is trading for $0.0001385 at tim ..read more

A cryptocurrency analyst and trader is issuing a warning on Bitcoin (BTC) amid a significant market correction. The analyst pseudonymously known as Rekt Capital tells his 73,400 YouTube subscribers that Bitcoin is currently experiencing a correction which typically occurs ahead of the halving. “So we’ve been talking about this danger zone for a while and we’ve seen retracement in that danger zone. And, in fact, we are in the thick of this danger zone, we’ve been in this danger zone for a month or so. And we’ve already seen two pre-halving retraces.” According to the pseudonymous analyst, goin ..read more

SkyBridge Capital founder Anthony Scaramucci says Bitcoin (BTC) is on track to soar more than 200% within 12 months. In a new interview on CNBC Squawk Box, the hedge fund veteran says that the expected continual adoption of Bitcoin will keep driving the value higher and reduce price volatility. “I wish I could understand the price moves myself. Where I’m coming from is a little bit of longer-term as opposed to just the week-to-week or day-to-day price movements. I think the point I’m trying to make is that Bitcoin is on that adoption curve. If you go back to Web 1, Bitcoin is sort of in the 1 ..read more

One widely followed crypto trader is breaking down Bitcoin (BTC) after a 9% crash over the last week. Pseudonymous crypto analyst Rekt Capital tells his 452,800 followers on the social media platform X that BTC’s current re-accumulation phase may fool some traders into thinking it’s a Bitcoin breakdown. “One of the key things to note about Bitcoin’s Re-Accumulation Ranges throughout this cycle is this: Downside wicks below the Range Lows tend to occur to trick investors into a fake breakdown (black circles) before resuming into an uptrend.” Source: Rekt Capital/X Bitcoin is rapidly ..read more

A computer scientist who claims to be the pseudonymous creator of Bitcoin (BTC) is dropping his lawsuit against Bitcoin developers. According to a new post by the Bitcoin Legal Defense Fund, Craig Wright, who for years proclaimed to be Satoshi Nakamoto, is dropping his case against the 12 Bitcoin developers and others he sued in the UK. Last month, a judge ruled that there is overwhelming evidence that Wright is not actually Satoshi nor is he the author of the Bitcoin White Paper, the original thesis behind the digital asset, paving the way for Wright to drop his current lawsuit. As stated by ..read more

The founder of venture capital firm Pomp Investments, Anthony Pompliano, is predicting Bitcoin (BTC) will soar to six figures in about one year. In a new interview on CNBC Squawk Box, Pompliano says he believes Bitcoin could reach at least $100,000 within 12 to 18 months. However, he warns that Bitcoin may first dip below the current value. “I think the downside is pretty muted at this point. Again, it’s impossible to tell. There’s always an external event that could occur. But I’d say I don’t see it going below $50,000 at any point. I think we’ve kind of crossed over that Rubicon. In terms o ..read more