Crypto Trader Shares Bitcoin Halving ‘Cheatsheet’, Breaks Down the Latest Litecoin Price Action - The Daily Hodl
A widely followed crypto analyst is sharing what he calls a "cheatsheet" for reading Bitcoin (BTC) price movements as the next halving approaches....
- A crypto analyst shares a "cheatsheet" for reading Bitcoin price movements as the next halving approaches.
- The analyst's chart suggests that BTC's current prices are within the expected pre-halving range.
- BTC is expected to experience a post-halving resistance followed by a parabolic rally.
- The next halving is expected in April 2024, and historically, prices rise after halving events.
- The analyst also discusses the possibility of a bearish fractal pattern forming, which could present a buying opportunity before the post-halving rally.
- Litecoin is still finding its footing after its most recent halving event, with potential downside if it loses support.
The overall sentiment of the article is neutral. It provides information about Bitcoin's price movements, the upcoming halving event, and the potential opportunities for traders.