This is what i think will happen with the #btc price 👇
First of All--Happy "420" #BitcoinHalving Day !
Usually after the bitcoin halving, we have a period of consolidation, after which , the price goes parabolic.
𝐰𝐡𝐲?
Because it takes time for the market to feel the supply crunch due to the halving. And since ETFs have launched this year , i believe this supply crunch will come sooner than later .
𝘏𝘦𝘳𝘦 𝘪𝘴 𝘮𝘺 𝘢𝘯𝘢𝘭𝘺𝘴𝘪𝘴 𝘧𝘰𝘳 𝘵𝘩𝘦 #btc 𝘗𝘳𝘪𝘤𝘦
➡ We have been in a bullish megaphone pattern(Yellow Lines) since 33000.
➡At 73300 we touched the top of the pattern and got rejected.
➡We then dumped , and rebounded and got rejected of the heartline(Dotted White line).
➡Now we consolidiate in the descending triangle(white lines) until we touch the lower line of the Megaphone pattern( Bottom yellow line)
➡Then we will go parabolic.
𝐓𝐡𝐢𝐬 𝐢𝐬 𝐣𝐮𝐬𝐭 𝐦𝐲 𝐨𝐩𝐢𝐧𝐢𝐨𝐧 -- 𝐍𝐨𝐭 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐚𝐝𝐯𝐢𝐜𝐞 --
