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traderman001
Apr 29, 2020 3:53 PM
Bitcoin (BTC): Symmetrical Triangle + Bitcoin Halving event
Long
COINBASE:BTCUSD
1W
Bitcoin / United States Dollar
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Apr 29, 2020 3:53 PM
A symmetrical triangle is evident, which means drastic price change in either direction. Looking back at BTC history and previous Bitcoin halving events (every 4 years), the price starts to increase about a year after.
The upcoming BTC halving event is estimated at May 11th 2020 at block 630,000 (source:
buybitcoinworldwide.com/bitcoin-clock/).
So, will BTC skyrocket? Or will mining hit the unprofitable threshold that will shift demand to altcoins?
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