Bitcoin is at a very interesting level at the moment. We are months away from the next Bitcoin halving.
The general consensus is that Bitcoin halving events are positive for the price of Bitcoin, and historically they have been. The event often generates optimism among crypto investors, leading to positive price action afterward.
We are anticipating price to come down to atleast our review area. Once there, we will look at our price action is developing and if it appears we are correcting for a move higher, we will be looking for a buy setup.
If price breaks below the 32k, we will be looking at sub 20k for our load up zone for the next bullish move.
Either way, we will be able to catch the next bullish move for Bitcoin!
What do you guys think? Do comment below and let us know.
Good luck and as always, trade safe!
The general consensus is that Bitcoin halving events are positive for the price of Bitcoin, and historically they have been. The event often generates optimism among crypto investors, leading to positive price action afterward.
We are anticipating price to come down to atleast our review area. Once there, we will look at our price action is developing and if it appears we are correcting for a move higher, we will be looking for a buy setup.
If price breaks below the 32k, we will be looking at sub 20k for our load up zone for the next bullish move.
Either way, we will be able to catch the next bullish move for Bitcoin!
What do you guys think? Do comment below and let us know.
Good luck and as always, trade safe!
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