Hive Analysis with Bollinger Band

The long-awaited block reward halving in Bitcoin has occurred. Miners will now earn 3,125 BTC per block instead of 6.25 BTC. As such, there will be a serious decrease in miner revenues. In order for miners to avoid losses and for this to become sustainable, the price of bitcoin must increase. The demand for Bitcoin is increasing day by day. Bitcoin inflation will decline due to block reward halving. We can expect this situation to directly affect the price due to the change in the demand-supply balance. When the price of Bitcoin increases, altcoins also increase after a while.

(Tradingview Hive /USDT 1 D chart)

Currently, hive price is $0.3366. There is an increase of around 2% compared to last week and we are in a better position, but the price has not yet settled in the reliable zone.

Hive price is located between the lower band and the middle band on the Bollinger band. The middle band and the upper band are a reliable region. From here on, increases will be healthier. The mid band price is $0.359. To overcome this point, bitcoin must increase. When it is on weekdays, the increases occur more healthily and regularly.

Unless there are unusual developments, if you are thinking long term, hive price should be bought at these levels. There is also a power up option after purchasing Hive. We will increase the number of hives we have, both from interest income and curation income.