This is what i think will happen with the #btc price 👇

First of All--Happy "420" #BitcoinHalving Day !

Usually after the bitcoin halving, we have a period of consolidation, after which , the price goes parabolic.

𝐰𝐡𝐲?

Because it takes time for the market to feel the supply crunch due to the halving. And since ETFs have launched this year , i believe this supply crunch will come sooner than later .

𝘏𝘦𝘳𝘦 𝘪𝘴 𝘮𝘺 𝘢𝘯𝘢𝘭𝘺𝘴𝘪𝘴 𝘧𝘰𝘳 𝘵𝘩𝘦 #btc 𝘗𝘳𝘪𝘤𝘦

➡ We have been in a bullish megaphone pattern(Yellow Lines) since 33000.

➡At 73300 we touched the top of the pattern and got rejected.

➡We then dumped , and rebounded and got rejected of the heartline(Dotted White line).

➡Now we consolidiate in the descending triangle(white lines) until we touch the lower line of the Megaphone pattern( Bottom yellow line)

➡Then we will go parabolic.

𝐓𝐡𝐢𝐬 𝐢𝐬 𝐣𝐮𝐬𝐭 𝐦𝐲 𝐨𝐩𝐢𝐧𝐢𝐨𝐧 -- 𝐍𝐨𝐭 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐚𝐝𝐯𝐢𝐜𝐞 --

#write2earn #bitcoin #Priceanalysis #TechnicalAnalysis