#Bitcoin Gaussian channel 🐍
Well, halving.
This was the first cycle when we reached 1.0 on the Fibonacci mark, instead of the usual 0.786. The adoption of ETFs, namely the purchase of 200,000 bitcoins by institutions, distorted the demand curve this time.
What's next with Bitcoin after #halving? I expect a little calm before the storm. Most likely, we will not see new highs being taken in the next month, but the cumulative effect has already started to work, and I think that in half a year we will begin to approach 100k.
Well, halving.
This was the first cycle when we reached 1.0 on the Fibonacci mark, instead of the usual 0.786. The adoption of ETFs, namely the purchase of 200,000 bitcoins by institutions, distorted the demand curve this time.
What's next with Bitcoin after #halving? I expect a little calm before the storm. Most likely, we will not see new highs being taken in the next month, but the cumulative effect has already started to work, and I think that in half a year we will begin to approach 100k.