Bitcoin before and after halvening behaviour
Once again we are checking to logarithmic Bitcoin chart.
We see two mayor resistance lines. Once was broken in the middle of 2019 spring which brought us significant price surge and the second resistance that holds from 2017 still holds.
I think bitcoin will retest that RL again and probably won't brake it. Not just yet. So we can see a slight drop to a most important resistance level which holds also from 2017 till now.
After halvening event daily supply will fall in I think that this will give the necesary push to Bitcoin to finally break the 2017 resistance.
Let's see if bitcoin will follow my idea.
We see two mayor resistance lines. Once was broken in the middle of 2019 spring which brought us significant price surge and the second resistance that holds from 2017 still holds.
I think bitcoin will retest that RL again and probably won't brake it. Not just yet. So we can see a slight drop to a most important resistance level which holds also from 2017 till now.
After halvening event daily supply will fall in I think that this will give the necesary push to Bitcoin to finally break the 2017 resistance.
Let's see if bitcoin will follow my idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.