Now that the much-anticipated 2024 halving is in the rearview, the big question is: Will Bitcoin continue its explosive post-halving trend? My long-term chart analysis suggests that BTC remains on track for a powerful rallyāif certain key support zones hold and historical patterns play out. Hereās what Iām seeing:
Post-Halving Volatility
Weāve already witnessed a surge in volatility around the 2024 halving date (which occurred earlier this year). Historically, halvings have often propelled multi-month bull markets, though they donāt always ignite immediately. Keep an eye on the next few quarters for signs of a prolonged uptrend.
Mature Ascending Channel Since 2017
The broad rising channel (outlined on the chart) has been a reliable guidepost. Multiple touchpoints along its upper and lower boundaries highlight how BTC has respected this structure for years. As long as price remains within this channel, the long-term bullish bias stays intact.
Critical Support Zones (S1, S2, S3)
Iāve identified major horizontal levels where strong buying pressure has historically emerged. If the market corrects from current levels, these supports could offer prime ābuy the dipā opportunitiesāor serve as warnings if they fail to hold.
2025 Outlook
If previous cycles are any indication, we may see a continued grind upwards heading into 2025. Bitcoinās supply dynamics, combined with growing institutional interest, support the potential for a high-volatility, high-upside environment. However, itās essential to stay flexible and keep tabs on macro factors.
Bottom Line: The halving has come and gone, but its after-effects may just be warming up. Whether youāre bullish or bearish, always back your technical analysis with robust risk management. What are your thoughts on Bitcoinās post-halving trajectory? Let me know in the comments below!