Approximately every 4 years comes the 'bitcoin halving', where the reward for mining bitcoin is halved with the goal of preventing an exponential increase in the amount of bitcoin in circulation 'capping supply'. As history has show, after each halving comes a bull run..
Halving 1: 28th November 2012
Halving 2: 9th July 2016
Halving 3: 11th May 2020
After finding strong support in the 12498-12520 area, now looking for a reversal.
60m showing a macd crossover, and potentially forming an inverse h&s. Looking for entry on formation of right shoulder, or on a break & retest of a neckline.