Will BTC play ball or play us?
This is my first post so go easy on me.
Presently, Bitcoin is poised at the cusp of intersecting the ascending trend line (depicted in blue) which serves as a pivotal determinant signaling the prevailing bullish sentiment, indicating a potential upward trajectory or a lateral movement known as consolidation, typical during accumulation phases. The forthcoming Halving event on April 20th, 2024, marked by the red line, is anticipated to catalyze significant momentum, potentially propelling Bitcoin's valuation to surge by up to 50%, with a plausible ascent towards the $90,000 price threshold, contingent upon favorable market conditions.
Are you guys feeling scenario 1 or scenario 2? Let me know in the comments!
Presently, Bitcoin is poised at the cusp of intersecting the ascending trend line (depicted in blue) which serves as a pivotal determinant signaling the prevailing bullish sentiment, indicating a potential upward trajectory or a lateral movement known as consolidation, typical during accumulation phases. The forthcoming Halving event on April 20th, 2024, marked by the red line, is anticipated to catalyze significant momentum, potentially propelling Bitcoin's valuation to surge by up to 50%, with a plausible ascent towards the $90,000 price threshold, contingent upon favorable market conditions.
Are you guys feeling scenario 1 or scenario 2? Let me know in the comments!
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