Doesn't look good to me at first glance on the weekly
Like everyone else I want it to go up
But it is way over-extended and the last 2 times it has become
over-extended it has crashed back down.
I'm just saying BTC has so often supposed to have been just going up up up straight to the moon for it next to just collapse.
Outcome End of the day : Positive
After the May 2020 Bitcoin halving, its price didn't immediately drop significantly but gradually increased. Bitcoin's value is affected by diverse factors, making halving impacts unpredictable.
Here's a summary of Bitcoin's post-halving performance:
Anticipation Rally: Before the halving, speculation and anticipation often trigger price rallies as investors buy Bitcoin, expecting scarcity.
Stable Post-Halving: Initially, Bitcoin's price remained relatively stable with minor fluctuations.
Gradual Appreciation: Over months, Bitcoin's value slowly rose.
Long-Term Growth: Despite short-term volatility, Bitcoin's long-term trend has been upward, reaching new highs post-halving.
While Bitcoin's price didn't sharply drop after the last halving, predicting future results is challenging due to various influences like market sentiment, regulations, and technological advancements.
Like everyone else I want it to go up
But it is way over-extended and the last 2 times it has become
over-extended it has crashed back down.
I'm just saying BTC has so often supposed to have been just going up up up straight to the moon for it next to just collapse.
Outcome End of the day : Positive
After the May 2020 Bitcoin halving, its price didn't immediately drop significantly but gradually increased. Bitcoin's value is affected by diverse factors, making halving impacts unpredictable.
Here's a summary of Bitcoin's post-halving performance:
Anticipation Rally: Before the halving, speculation and anticipation often trigger price rallies as investors buy Bitcoin, expecting scarcity.
Stable Post-Halving: Initially, Bitcoin's price remained relatively stable with minor fluctuations.
Gradual Appreciation: Over months, Bitcoin's value slowly rose.
Long-Term Growth: Despite short-term volatility, Bitcoin's long-term trend has been upward, reaching new highs post-halving.
While Bitcoin's price didn't sharply drop after the last halving, predicting future results is challenging due to various influences like market sentiment, regulations, and technological advancements.