BTCUSDT 4H chart is performing amazingly over the last period. We have reached a new ATH even before halving.As we can see in the chart during the last hours we are seeing a consolidation happening. The price has stopped increasing - we are stuck around
73K but the volume seems to be still on a high level.In my opinion we are going to see a correction in the price in the next few days, before the halving event. The first test will happen on $66k which will show us if new analysis is needed.
If the price remains above $70k and we reach the halving even then new analysis is needed, and most probably the price will rise to $85k.
Note: Before the halving events in the past, the price always was dropped. In this market, we are experiencing an uptrend before the halving event, which means that most propably the price is going to be corrected before the halving event.
Note
BTC touched $66k as expected.Note
BTC reached another support "Support 1" as per the diagram.
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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.