Bitcoin short - Supply Demand - weekly, Halving, Investment

Hello Traders!

Yesterday we had a nice Bitcoin Event. It was halving. The daily candle closed as an indecision candle which shows us that we do not have a clear direction in the markt right now. Therefore we might see shifting momentum. Bitcoin went up the last couple of weeks and price rejected at the 2 weekly Supply Zones marked on the charts.

Halving:
As part of Bitcoin's coin issuance, miners are rewarded a certain amount of bitcoins whenever a block is produced (~ every 10 minutes). At the beginning of BTCUSD 50 Bitcoins per block were given as a reward to miners. After every 210,000 blocks are mined the block reward halves and will keep on halving until the block reward per block becomes 0 (~ by year 2140). As of now, the block reward is 12.5 coins per block and will decrease to 6.25 coins per block post halving.

This will help Bitcoin to push the price higher over time. This does not mean that Bitcoin will immediately will fly like the rocket at halving. It will slowly grow over time.

What next?:
I see 2 possible scenarios on BITCOIN.

#1 bearish: Price will drop down from here down to the weekly Demand Zone. Afterwards we could expect a push to the upside.
#2 bullish and bearish: Price will go up to the weekly Supply Zone to grab more liquidity and then to drop down to the weekly Demand Zone.

Recommendation
If you want to trade Bitcoin then you should look for a nice short opportunity. Like mentioned we have 2 weekly Supply Zones here and they can push the Price down again. Just watch Price Action for your trading setup.

Investment:
Investment is also a very great opportunity for Bitcoin. Investing in Bitcoin is at every price possible. Important is to hold it for a longer time period and not sell it if the price will drop. The stage were Bitcoin is lower is a good possibility to invest in Bitcoin when price is cheaper. On the long run I see Bitcoin going up a lot. A lot of great advantage on Bitcoin makes it very valuable for our time and the future.

That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.

Thank you and we will see next time
- Darius.