Crypto Trader Shares Bitcoin Halving ‘Cheatsheet’, Breaks Down the Latest Litecoin Price Action - The Daily Hodl

The Daily Hodl
The Daily Hodl

15 Sep 2023 7:55 PM

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.

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You May Ask

What is the "cheatsheet" for reading Bitcoin price movements as the halving approaches?What is the expected price range for Bitcoin before the halving event?What typically happens to Bitcoin's price after a halving event?What is the possibility of a bearish fractal pattern forming for Bitcoin?How is Litecoin performing after its most recent halving event?

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