Bitcoin
Long

BITCOIN Volatility to kick in as we approach the Halving?

2 110
So far since the November 2022 bottom, Bitcoin (BTCUSD) has formed the same pattern twice: roughly +100% rise, a Triangle that preceded the rally's top, followed by a roughly -20% decline in the form of a Channel Down.

The latest high volatility of the past 3 days resembles those Triangle patterns before the peak. A +96.43% rise, similar to the previous Wave, gets completed around $75500. If BTC continues to replicate those patterns, then a -20% correction should coincide with April's Halving.

Do you think that Bitcoin will continue following that blue-print? Feel free to let us know in the comments section below!


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