Daily TF / logarithmic chart
A trendline has been in play since September 2023 where Bitcoin has found support on multiple occasions (thick white line). With a brief breakthrough in April.
Currently looking a bearish div. on 4H chart which would signify a move down. Using the fib chart, a break below said trendline could take us to the 618 which is also a liquidity-rich zone (around 66-68K price range).
The trendline could begin to act as resistance if this scenario plays out.
Based on previous Bitcoin halving cycles the "peak" always occurs in Nov-Dec of the year following the halving event 2013 / 2017 / 2021... 2025?
A trendline has been in play since September 2023 where Bitcoin has found support on multiple occasions (thick white line). With a brief breakthrough in April.
Currently looking a bearish div. on 4H chart which would signify a move down. Using the fib chart, a break below said trendline could take us to the 618 which is also a liquidity-rich zone (around 66-68K price range).
The trendline could begin to act as resistance if this scenario plays out.
Based on previous Bitcoin halving cycles the "peak" always occurs in Nov-Dec of the year following the halving event 2013 / 2017 / 2021... 2025?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.