This is what i think will happen with the #btc price ๐
First of All--Happy "420" #BitcoinHalving Day !
Usually after the bitcoin halving, we have a period of consolidation, after which , the price goes parabolic.
๐ฐ๐ก๐ฒ?
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 .
๐๐ฆ๐ณ๐ฆ ๐ช๐ด ๐ฎ๐บ ๐ข๐ฏ๐ข๐ญ๐บ๐ด๐ช๐ด ๐ง๐ฐ๐ณ ๐ต๐ฉ๐ฆ #btc ๐๐ณ๐ช๐ค๐ฆ
โก We have been in a bullish megaphone pattern(Yellow Lines) since 33000.
โกAt 73300 we touched the top of the pattern and got rejected.
โกWe then dumped , and rebounded and got rejected of the heartline(Dotted White line).
โกNow we consolidiate in the descending triangle(white lines) until we touch the lower line of the Megaphone pattern( Bottom yellow line)
โกThen we will go parabolic.
๐๐ก๐ข๐ฌ ๐ข๐ฌ ๐ฃ๐ฎ๐ฌ๐ญ ๐ฆ๐ฒ ๐จ๐ฉ๐ข๐ง๐ข๐จ๐ง -- ๐๐จ๐ญ ๐๐ข๐ง๐๐ง๐๐ข๐๐ฅ ๐๐๐ฏ๐ข๐๐ --
