BTC Expected reaction to Halving and Reaching the previous Top
I extracted a segment from Bitcoin's previous behavior... it closely mirrors what is expected for the two major events (the halving + reaching the previous peak).
Interestingly, the prediction aligns with what is expected from movements in these two events..
For instance, the halving in April... and historically, after reaching the halving, there is a correction...
Also, reaching the previous peak occurs in November-December of the halving year...
This puts us in front of a Rounded Bottom model... aiming for 122 thousand!
Summary:
Halving event .. (April +-) ==> $63,000
Previous Top .. (November - December) ==> $70,000
Bull Run Target ==> $124,000
Interestingly, the prediction aligns with what is expected from movements in these two events..
For instance, the halving in April... and historically, after reaching the halving, there is a correction...
Also, reaching the previous peak occurs in November-December of the halving year...
This puts us in front of a Rounded Bottom model... aiming for 122 thousand!
Summary:
Halving event .. (April +-) ==> $63,000
Previous Top .. (November - December) ==> $70,000
Bull Run Target ==> $124,000