Here is my prediction of the possible price action for BTCUSD leading up to and a bit after the Bitcoin Halving. Previously I expected a big dump pre-halving but it looks like that has already happened if we look at the technicals. BTC looks to be creating higher lows and I think it will continue to do so until the halving whilst topping out. After Bitcoin consolidates post-halving I would expect it to continue its upward bullish momentum leading up into the summer where I believe rate cuts will change the pace and the sudden supply shock of BTC will allow it to break above the 80k range and push for six figures.
Comment:
Hopefully next week is green
Trade closed: stop reached