- Bitcoin has recently been very sideways and volatile
- I wouldn't call it bearish since the price has been consolidating in a range and the movements are quite range bounded
- The only concern for Bitcoin, IMO is that it can get dangerous if it closes a weekly candle below 58,000$ and post that we will see more downside in Bitcoin watch that out.
- Bitcoin...
Bitcoin recently hit a new ATH of around $74k and is now showing signs of forming a local top before a potential correction. There is a significant amount of liquidation expected below $50,700.
The next $Bitcoin halving is predicted to occur on April 21, 2024. The first support level is at 60k, followed by support around 40k. A correction to 50k is expected...
Bitcoin Halving 2024: Ride to $250K?
Introduction:
In the crypto realm, Bitcoin reigns supreme.
As we gear up for the upcoming Bitcoin halving in April 2024, the excitement is tangible.
The halving, a historic price catalyst, has set the stage for Bitcoin's surge.
Let's delve into the phases of the halving and the prospect of Bitcoin hitting $250K.
5 Zone of...
This chart shows the historical price of BTC relative to the 'Bitcoin halving' which happens every 4 years. The halving event creates a supply shock as the issuance of Bitcoin to minders is cut in half. The next halving is scheduled around April, 2024 where BTC issuance will be cut from 6.25 BTC every 10 minutes to 3.125 BTC. Reference the law of supply and...
This is a comprehensive overview of Bitcoin behaviour prior & after it's first 2 halving phases.
Currently it's has formed a Triangle / Pennant pattern & seen to have taken support over its weekly 200 moving average .
Let's see what's in store for it.
