Based on historical track records, after every halving cycle, it will result in a significant spike in price action. Refer to chart below for the timeline in price action after halving.
In short, halving means that the block reward is cut in half. This process is predetermined and will continue until the last bitcoin is mined sometime in the year 2140. This process can have long-term effects on the price of BTC. As shown in the chart above, it resulted in significant changes in price action each time.
Technical: Based on my waves analysis, one more downmove is incoming before the next upmove. That upmove would either be a correction for a final downmove or, is a start of the big impulse to the upside. This has to be analysed upon updated structure. Do a shoutout in my future Youtube Live streams if you have any questions. Search up "Alpha Smurf" on youtube.
Fundamental: How the price action plays out is very likely to be aligned with the technical prediction, i.e. early stages of China introduction of their Cryto would result further decline in BTC price action. China's Cryto might not be as successful as expected, coupled with the halving timeline in May2020, it will result in the start of the big upmove.
In short, halving means that the block reward is cut in half. This process is predetermined and will continue until the last bitcoin is mined sometime in the year 2140. This process can have long-term effects on the price of BTC. As shown in the chart above, it resulted in significant changes in price action each time.
Technical: Based on my waves analysis, one more downmove is incoming before the next upmove. That upmove would either be a correction for a final downmove or, is a start of the big impulse to the upside. This has to be analysed upon updated structure. Do a shoutout in my future Youtube Live streams if you have any questions. Search up "Alpha Smurf" on youtube.
Fundamental: How the price action plays out is very likely to be aligned with the technical prediction, i.e. early stages of China introduction of their Cryto would result further decline in BTC price action. China's Cryto might not be as successful as expected, coupled with the halving timeline in May2020, it will result in the start of the big upmove.