$BTC 4.20 Bitcoin price today: In the past two Bitcoin halvings, there was a downward spike process within 24 hours of the halving, with an amplitude of about 6% to 7%.
Based on yesterday's analysis, we expect Bitcoin to plunge in the range of 60,000 to 59,000. Yesterday during the day, Bitcoin did plunge six or seven points below the expected target area to around 60,000, and we chose to continue to increase our positions to go long.
At present, long orders have been arranged three times, and we plan to hold them in the middle line. As long as it does not break down again, our goal is to break through the new high of 73,000.
The trend of Bitcoin is more complicated than expected. Although it was said before that it would at least hit ABC, it actually inserted three low points and formed a flag shape at the end. After breaking through the flag shape, partners with insufficient positions can continue to increase long orders and continue to look for upward breakthroughs.
