Bitcoin halving is less than 14 days away! And the performance has been quite fantastic. It’s hasn’t dropped below 60k for a while, and we see good inflows into the market from both institutions and individuals.
The significance of the last three drops from weekly ATHs has been faded by the strong inflows. The pattern of the drop seen in the previous halving years is slowly breaking this year.
We can expect the BTC to stay between 60-70k range going sideways until halving, as I mentioned in my previous posts, also that most significant drops will also happen between this range!
Longs and shorts to be placed with strategic approach, focused on lower leverages as higher leverages always get liquidated when the BTC moves sideways before halving. Last 24 hours almost $29 million got liquidated.
Alt coins seem to be staying strong alongside bitcoin, this support might continue until halving.
