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A cryptocurrency analyst states that Bitcoin is on the rise before the halving. The analyst divides BTC's bull market into three main parts: pre-halving rally, post-halving resistance, and post-halving parabola. According to the statements made on social media, BTC has officially entered the rally phase before the halving.
According to the analyst, Bitcoin's 111-day moving average (DMA), which is the support point of bull runs, and the Pi Cycle Top indicator are important. This indicator signals that the peak of the market cycle is approaching around October.
According to the analyst, if BTC makes a correction before the halving in April, the market peak may occur at a later date. He states that the 111-day moving average is an important support point and unless there is a major correction, the market peak will be around October. However, he emphasizes that in the event of a correction before the halving, this moving average will fall and the bull market peak will occur at a later date.
