Rubbish. Don’t compare apples with oranges. The 2020 halving was preceded with a black swan event, COVID, if you don’t remember. Are you predicting another such case? Before COVID, the market had already printed the first and second wave of the ensuing bull market in anticipation of the supply crunch by the halving. Same in 2024 now. We saw a strong rally from September to January in wave one, followed by the wave 2 correction that the market is recovering still now. If the market reaches the 69000 area before the halving, we may indeed see a pullback from the strong resistance we should expect before price discovery, because that may mark the end of a lower degree motive wave. But this was not possible in 2020, so a comparison is useless.
If the market reaches the 69000 area before the halving, we may indeed see a pullback from the strong resistance we should expect before price discovery, because that may mark the end of a lower degree motive wave. But this was not possible in 2020, so a comparison is useless.