Will #Bitcoin Make a Comeback?

#bitcoinhalving

Following the Bitcoin-halving, the BTC price showed a modest uptick of 0.36% on Saturday to currently trade at $64162. While the demand pressure at $60000 psychological level is still intact, the daily indicates the continuation of sideways action.

#bitcoinhalving

For over two months, the BTC price has been trading sideways resonating between the two horizontal levels of $73850 and $60000. The consolidation came after a notable rally from late January to Mid-March, which revealed the formation of a bullish flag pattern.

In theory, this pattern provides buyers a break period to recuperate their exhausted bullish momentum. Amid the Bitcoin’s resilience to geopolitical tension in the middle, the buyers uplifted the coin from 7% from the $60000 support.

Amid the post-halving rally, the BTC price could breach the pattern’s overhead trendline as a signal of uptrend continuation. If the pattern holds true, the buyers may lead a rally to $85000 followed by $95000.