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TradingShot
Mar 6, 2024 9:08 PM

BITCOIN Volatility to kick in as we approach the Halving?Β Long

BitcoinCRYPTO

Description

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So far since the November 2022 bottom, Bitcoin (BTCUSD) has formed the same pattern twice: roughly +100% rise, a Triangle that preceded the rally's top, followed by a roughly -20% decline in the form of a Channel Down.

The latest high volatility of the past 3 days resembles those Triangle patterns before the peak. A +96.43% rise, similar to the previous Wave, gets completed around $75500. If BTC continues to replicate those patterns, then a -20% correction should coincide with April's Halving.

Do you think that Bitcoin will continue following that blue-print? Feel free to let us know in the comments section below!


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Comments
panickyBird23636
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if this pattern is correct it means the all time high after halving is invalidated
trading219219
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I think it will be around 40% correction after halving
MyCryptoParadise_Nathan
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agree with your Idea
TheRealDezB
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Eth analysis?
nagihatoum
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@TheRealDezB, parabolic.
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