Last time it topped it was followed by a bearish formation know as the descending triangle .
This time it "topped" it has been followed by a Bullish formation - the falling wedge
Bitcoin halving is expected for the 12th of May 2020.
- The exact date of the halving is not yet known as the time taken to generate new blocks varies, with the network averaging one block every ten minutes.
''Bitcoin halvings are important events for traders because they reduce the number of new bitcoins being generated by the network. This limits the supply of new coins, so prices could rise if demand remains strong''. - IG
This time it "topped" it has been followed by a Bullish formation - the falling wedge
Bitcoin halving is expected for the 12th of May 2020.
- The exact date of the halving is not yet known as the time taken to generate new blocks varies, with the network averaging one block every ten minutes.
''Bitcoin halvings are important events for traders because they reduce the number of new bitcoins being generated by the network. This limits the supply of new coins, so prices could rise if demand remains strong''. - IG