Crypto Analyst Acknowledges BTC’s Performance as a Halving Insight
CoinEdition
Published Apr 14, 2023 03:54AM ET
Crypto Analyst Acknowledges BTC’s Performance as a Halving Insight
- Bitcoin investor Lark Davis commented on Bitcoin putting in a massively important weekly closing.
- Davis stated that it would put BTC above the mid-2021 support, which has acted as resistance for the last three weeks.
- Bitcoin enthusiast Ali explained Bitcoin’s performance as an insight into its 2024 halving.
Bitcoin enthusiast Ali on his official Twitter page, claimed that Bitcoin’s current performance is a deeper insight into 2024’s Bitcoin halving. His comment was a response to the Bitcoin investor Lark Davis’ Twitter post on Bitcoin’s “massively important weekly closing.”
In the early hours of April 14, Lark Davis, via his official Twitter page, shared his opinions about the current performance of Bitcoin, quoting:
Still a few days before the weekly close, but Bitcoin could be putting in a massively important weekly close putting us above the mid-2021 support which has acted as a resistance for the last 3 weeks.
As an immediate response to the tweet, Ali referred to the tweets that he had posted a few days before, commenting on the financial sustainability of the Bitcoin network:
By reacting to the concerns of Davis on Bitcoin’s recent performance that acted as a “resistance” to the past few weeks, Ali reminded him that whatever changes occur to the path of Bitcoin are deeply rooted in the upcoming halving.
The post Crypto Analyst Acknowledges BTC’s Performance as a Halving Insight appeared first on Coin Edition.
See original on CoinEdition
Get The News You Want
Written By: CoinEdition
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.