BITCOIN - Why is there no growth after halving?

BTCUSD is not on the rise. Surprisingly to many, the price continues to decline even after the halving. The situation reminds vvot BTC-ETF, when before the growth, MM collected liquidity accumulated at the bottom.

The trend is still strong and bullish. The price is in a sideways range and continues to collect liquidity. The range boundaries are 73500 - 60000K. The key level below which there is a huge pool of liquidity is 59300-59500, there is a high probability that Bitcoin can test this area before further growth. I am expecting a rise because Bitcoin's technical and fundamental components look very promising: Bullish trend, liquidity gathering at the expense of sellers (potential for growth), buyers are very confident to keep the price in the range, introduction of BTC-ETF in Hong Kong, which will only attract new investors and their money.

Resistance levels: 64550, 65500, 67300
Support levels: 61500, 60200, 59300

Within the range you should consider the appropriate trading style (bounce or false breakout). Don't forget to watch the price reaction to strong levels and zones. The outlook is still bullish.

Regards R. Linda!

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63300

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Comment:

Consolidation in the 64K area continues

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Volatility is declining

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The price is approaching the risk zone

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The market is testing 61750

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A retest of 60K support is forming

The reaction is ambiguous. A rebound may follow, as the test of the lower boundary of the range was very fast

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The market is testing the area below 60K

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Increased volatility is forming on the back of the news

Bitcoin could go much lower

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The dollar is rising on the back of Initial Jobless Claims news.
Bitcoin may decline

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BTC is testing a key area of liquidity 59313

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61K retest

Comment:

Retest 62250

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62500

Comment:

63560 test

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All eyes on 64500. Breakthrough and consolidation of the price above this level will be the reason for further growth to 73000

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Local consolidation on the local timeframe. The chart as a whole looks good

Comment:

Bitcoin on the local timeframe looks quite confident at the moment. The coin is strengthening by 14% and testing the key area.

A breakout and consolidation of the price above this zone may cause further growth, as the market will then change the market plane to a bullish one.

! Risk zone - 58900

Comment:

For the first time in two weeks, global btc-etf outflows changed to capital inflows.

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Bitcoin looks very confident on H1. A break of 64700 could give a bullish momentum. In such a scenario, the coin could strengthen to 66-67K

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Another retest of 64500 may allow the price to break through this resistance with further upside continuation

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Bitcoin bounces from 61500 amid bullish news
Waiting for price appreciation