Bitcoin Satoshi Vision (BSV) rose sharply at the start of the day, peaking at $ 9,690 today, April 1, 2020, before dropping back to the $ 9,370 level at the time of writing. April Fool! and our apologies to The Coin Tribune readers who believed it … In real life, Bitcoin Satoshi Vision is currently trading around $ 150, and the only fundamental analysis that makes any sense is that the price is probably overvalued by 150 dollars.
Bitcoin – the real one, the only one – ended yesterday’s day on March 31, 2020 with a doji, while today’s day promises to be bearish. The daily BTC / USD candlestick shows that the BTC has lost 3.37% (about 220 USD) of its value at the time of printing.
One month from halving
Bitcoin launches this April 2020 with a decline: the price of BTC has dropped to the level of 6,200 USD.
PlanB has chosen its day well to share its analyzes of Bitcoin post-halving 2020 with its famous Stock-to-Flow model: the flow of mined BTC will according to him go from 1,800 BTC to 900 BTC per day, while Stock-to -Flow (the rarity) of BTC will double from 27 to 54 years.
#Bitcoin halving .. 1 month
to go 🚀
1) miner flow will halve from 1800 to 900 btc/day
2) scarcity (stock-to-flow) will double from 27 to 54 yrs pic.twitter.com/e15AoslgKg
— PlanB (@100trillionUSD) April 1, 2020
Will we have to wait 4 to 6 years?
Analysis Crypto Michaël published a tweet today about his impressions of a bearish Bitcoin in the short term: the gap in BTC CME futures is now closed, the support at 6,600 USD had given way and, Bitcoin continues to go down, while still remaining below 6,900 USD. Bitcoin remains confined to a range – between USD 6,000 and USD 6,600 in recent days – explaining the current low volumes on the market.
Crypto Michaël adds that Bitcoin is bullish in the long term, over 4 to 6 years.
$BTC #BITCOIN
Well,
CME gap closed, rejection at the previous support at $6,600 and we’re moving
slightly down.
Still mainly range-bound, hence the low volume levels on the markets.
Still remaining bearish sub $6,900.
Long term (next 4-6 years) extremely bullish on $BTC. pic.twitter.com/S9NThvtVJ1
— Crypto Michaël (@CryptoMichNL) April 1, 2020
An April 1 which will probably end in red for the BTC, with an analyst who insists on a bearish Bitcoin on the short term and, another who insists on a post-halving Bitcoin – it is in about 1 month – with a rarity which approaches that of gold: and I reassure you, it is not an April Fool! But on hearing these analyzes and given the current situation, April should reserve us some pleasant surprises, Bitcoin must now run for a month to get as close as possible to its digital gold status before the halving.