LONG WINTERInvestor is back, so it´s Bears hibernation time.
Guess what, my oldie bull divergence explanatory Bitcoin chart is still alive and ...
I think that Bitcoin might be in the anomaly state where HIGH RSI doesnt mean a :poo: bear divergences are painted over higher time frames but yet its ignored and going higher and higher until a huge extended bear divergence smashes for a massive and fast correction and it can even continue growing higher.
There is many reasons for this and if you will studdy the chart further and deeply then you might found the key in this work.
Yet keep in mind, there is still chance to fail if the RED LINE resistance doesn´t get break threw in a short period of time.
This short term chart might be a first confirmation for this theory
Can history repeat itself ? Again & again ?
Crypto TOTAL market cap to 10T ?
s3.tradingview.com
The time is NOW
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BITCOIN HALVING
(MAJOR EVENT) countdown at the time of writing
434days
What is the Bitcoin Halving (Halvening)?
New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the amount halves is called a "halving" or "halvening".
In 2012, the amount of new bitcoins issued every 10 minutes dropped from 50 bitcoins to 25. In 2016, it dropped from 25 to 12.5. In the most recent May 11, 2020 halving, the reward dropped from 12.5 to 6.25 BTC per block.
In the 2024 halving, the reward will drop from 6.25 BTC per block to 3.125 BTC.
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