🚀 BTC Halving Completed: What's Next for Bitcoin and Altcoins?
Following the completion of the BTC halving, Bitcoin experienced a 10-15% correction, leading to a bearish sentiment among investors. As expected, altcoins also corrected, with some experiencing a 30-32% drop.
This correction is a normal part of the market cycle after a halving, eliminating weak hands and preparing for the next phase. Despite knowing the cyclical nature of the market, many still panic during these periods.
Remember, sideways movement often precedes a significant rally. It's crucial to zoom out and analyze higher time frames to gain perspective.
As always, people tend to panic at the bottom and FOMO at the top. Here's what to expect:
Q2: Sideways Movement
Q3 & Q4: Expansion
Watch for the weekly candle body close:
- Above $58,940: Bullish SFP and Po3, signaling a resume pump.
- Below $58,940: Range development and accumulation, with a potential fill of the monthly void before expansion.
In the long term, the bias remains bullish.
