š¢ Trade Signals & Crypto market Update:
š„ Take short position with 5X to 30X leverage between with close Stop loss.
ā ļø Disclaimer!
š„ I'm not financial advisor so always do your own research before any investment because crypto market is inherited risky .
š¢ Crypto Trader Says Bitcoin Halving Still Not Priced in Despite Run-Up to New Highs ā Hereās Why
š„A widely followed analyst in the crypto space says that markets still havenāt fully adjusted to Bitcoinās recent halving, which slashedĀ BTCĀ minersā rewards in half.
In a new video update, pseudonymous trader Rekt CapitalĀ tellsĀ his 77,000 YouTube subscribers that Bitcoin has historically ignited a parabolic rally after the halving.
š„But the trader notes that actual pricing in of the halving tends to happen a few months after the event.
āThe Bitcoin halving is not priced in. Historically, whenever weāve seen a halving, weāve seen phenomenal upside at this point in the cycle, where already weāve seen new all-time highs but weāve been consolidating for a long time, and so breaking to new all-time highs once again is only a matter of time.Ā
Of course, this is not on the logarithmic scale so I donāt expect price to be rallying to $400,000 or whatever the case may be.Ā
Historically, we tend to see consolidation for over 150 days before finally seeing a breakout to a parabolic rally which lasts multiple months. Weāre currently in a re-accumulation period again so the fact that weāre re-accumulating here, the longer the better, the more we pause and capture a breather here will be better for the uptrend that inevitably ensues afterward.ā
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