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Since we've been on a greed factor for pretty much the whole correction and the indicator suddenly turned to "extreme" greed in the last 24hrs, i expect $BTC to breach the current resistance of 72k in the next 48hrs and immediately testing the resistance at the 73k level where it will fail a few times. Because the real resistance is at 74k and thats what the bulls are aiming for to get that sweet ATH spot. Some consolidation will happen at 72k-73k while the market gathers more liquidity. If the pump is strong enough while breaking through 74k we can definitely see a 75k attempt within the next 7 days too.
Im sure some manipulation will happen like when we hit 69k and it dipped to 61k before recovering again within 24hrs. But a 75k price point will definitely be achieved pre-halving. I also personally expect an 82-84k ATH before the post halving correction, but theres not enough market data to support this claim, yet.
The correction after halving will definitely be massive if this scenario plays out though and we can expect prices to go down as far as 60k (58k being the strongest support and lowest price BTC can get to in current market circumstances). After that a slowrise back to 80k which will take anywhere from 6-8months and another 4 months before 100k or 120k ATH. Some say even higher but its still to soon to make such assumptions and most people throwing numbers like 200k 300k are part of the sell-the-news team trying to hype up the market to draw in more inflows.
Current weekly chart:
71.6k resistance. closing above this will ensure continuining bullish momentum.
73.7k resistance. breaking this will mean attempting a 75k is definite.
75.4k the most possible goal to achieve as an ATH before another small and temporary retracement.
70k current consolidation zone and also the consolidation zone after a retracement from either 72k resistance fail or even the 74k resistance fail.
66k-68k strong support zone in case of bull momentum fading and a retracement happens.
Ofcourse i will provide daily updates as the market develops and more data presents itself
$BTC
Im sure some manipulation will happen like when we hit 69k and it dipped to 61k before recovering again within 24hrs. But a 75k price point will definitely be achieved pre-halving. I also personally expect an 82-84k ATH before the post halving correction, but theres not enough market data to support this claim, yet.
The correction after halving will definitely be massive if this scenario plays out though and we can expect prices to go down as far as 60k (58k being the strongest support and lowest price BTC can get to in current market circumstances). After that a slowrise back to 80k which will take anywhere from 6-8months and another 4 months before 100k or 120k ATH. Some say even higher but its still to soon to make such assumptions and most people throwing numbers like 200k 300k are part of the sell-the-news team trying to hype up the market to draw in more inflows.
Current weekly chart:
71.6k resistance. closing above this will ensure continuining bullish momentum.
73.7k resistance. breaking this will mean attempting a 75k is definite.
75.4k the most possible goal to achieve as an ATH before another small and temporary retracement.
70k current consolidation zone and also the consolidation zone after a retracement from either 72k resistance fail or even the 74k resistance fail.
66k-68k strong support zone in case of bull momentum fading and a retracement happens.
Ofcourse i will provide daily updates as the market develops and more data presents itself
$BTC
Bitcoin halving amazing charts
First BTC halving, November 2012: $12
Price after halving, November 2013, $1,146, increased 95 times
Second BTC halving, July 2016: $658
Price after halving, December 2017, 20,089 US dollars, increased 30 times
BTC’s third halving, May 2020: $8,800
The price after the halving will be $69,000 in November 2021, an increase of about 8 times.
Bitcoin’s fourth halving is on April 2024, what do you think the price would be before and after halving?
#Bitcion
First BTC halving, November 2012: $12
Price after halving, November 2013, $1,146, increased 95 times
Second BTC halving, July 2016: $658
Price after halving, December 2017, 20,089 US dollars, increased 30 times
BTC’s third halving, May 2020: $8,800
The price after the halving will be $69,000 in November 2021, an increase of about 8 times.
Bitcoin’s fourth halving is on April 2024, what do you think the price would be before and after halving?
#Bitcion
