Short

BTCUSD - Halving Effect Shorterm

By EasyTradingOnline

snapshot

After the Halving happen on 19-4-2024, Bitcoin making a recover from the 60000 level. However, Price history showing the shorterm effect of the Halving making price drop in the first 30 day

https://www.proshares.com/globalassets/proshares/insights/0324-bitcoin-halving---history-of-btc-prices.png

Technical

snapshot

50% retracement level from the swing from 25000 to 70000 is at 50.000 . This level combine with the 200day moving average on Daily chart, showing a huge potential of Pullback to this level.

EasyTradingOnline

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