Bitcoin bulls are currently attempting to break out from the ongoing correction, aiming to capitalize on the upcoming bitcoin halving event. While historically there hasn't been a rally leading up to the halving, the current situation is unique as Bitcoin trades at new all-time highs. Breaking the previous high of $73,700 and establishing new support around the first supply level indicated above could signal a significant shift in sentiment, potentially igniting a pre-halving rally. I'm bullish on this outlook.
🚀 Long Entry: $70,800
🎯 Targets: $73,700, $76,000, $84,000
🛑 Stop Loss: $67,000
🔹 Leverage: 5x
$BTC #cpi #BullorBear #bitcoinhalving #BinanceLaunchpool #write2earn