The current situation tells us that we are halfway up in terms of time. Even though many are , that has nothing to do with the overall situation. I remain convinced that around 30k was/is the bottom. The current price action is a classic consolidation. And many are trying to push the price further down with bad news to buy cheaper. For me, however, it is absolutely clear that 62K was not a halving top. Accordingly, I am still strongly .
The chart examines Bitcoin in recent years in the four halving epochs. Each epoch is many times larger than the previous one. We are currently in the fourth epoch. If Bitcoin follows the same path as the last epoch, the peak would be around $400,000. In relative terms the peaks have decreased compared to the previous epoch. So "only" $300,000 are more likely. In any case, more than $100,000. The halvings are characterized by dramatic rises to a new all-time high. In between are regular dumps followed by regular pumps. 😃
Let's see what happens.
Happy trading. :-)
BTCUSD: Another bad news for bears!
My Post Jun 7, 2021
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My Post Apr 15, 2019 (2 year ago!). I was one of the first btw. ;-)
clear bulish div and no lower low. 30k is a THE resistance...
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