Last btc halving was 11th May 2020. I've added 2 vertical lines, first line is what happened in Feb 2020, a 63% drop pre-halving, now I'm not saying we are going to drop that much, but what I am saying is that its time to be careful around this area.
No one knows what will happen now that the hedge funds are invested, but nothing is going to go up in a straight line. In Oct 2023 I published a view that bitcoin would rise to $56k (that is still on TV) but I see $57,142 as an area that we need to be careful of.
No one knows what will happen now that the hedge funds are invested, but nothing is going to go up in a straight line. In Oct 2023 I published a view that bitcoin would rise to $56k (that is still on TV) but I see $57,142 as an area that we need to be careful of.
Comment:
I also forgot to mention, there is a saying, sell in May and walk away, so we could correct into June 2024