- March 2, 2023
- Category: Market News
Bitcoin's bullish trend before halving
Bitcoin is a popular cryptocurrency that has been gaining attention from investors and traders around the world. The price of Bitcoin has been known to be volatile, and it has seen significant fluctuations over the years. However, with the upcoming halving event, many are predicting a bullish trend for the cryptocurrency.
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Bitcoin’s price has been on a bullish trend lately, and as we approach the halving event, there is a lot of excitement in the market. The price has started to show signs of a potential breakout above the resistance level, which is indicated as a red box below the price line. Currently, the price is undergoing a retest of this level, and if it manages to break above it, we could see a significant upward movement. Traders and investors are closely watching the market, and the sentiment seems to be positive, suggesting that the price may continue to ascend after this retest. Overall, there is a lot of optimism in the crypto community, and many are hopeful that the halving event will have a positive impact on the price of Bitcoin.
• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore Ltd”. This post has been published only for educational purposes.