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MrCryptoBTC

Bitcoin 2024 Pre-Halving ‘PULLBACK’

Bitcoin / TetherUS PERPETUAL CONTRACT (BINANCE:BTCUSDT.P)  
MrCryptoBTC  
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
Technical Indicators Beyond Technical Analysis Fundamental Analysis
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indicator beyondta fundamental

Bitcoin is expected to undergo a pre-halving pullback, potentially testing support at the $16,000 price level.

This anticipated event may lead to a temporary decrease in Bitcoin's value, revisiting the resistance level it has held since 2021.


I have been anticipating this market correction for several months now and, as a result, I am refraining from entering into any long positions on Bitcoin until after the expected dump occurs. Following this pullback, there is a projected period of bullish momentum that is forecasted to continue until March 2025. Having experienced two previous Bitcoin Bull Runs, I am optimistic about the potential financial opportunities that may arise during this upcoming period of market growth.
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