Bitcoin Halving Bulls in control. Bears will suffer badly
Hi everyone,
Btc halving Event is approaching and still people trying to take short positions at the trend line resistance.
Looking at the chart, it clearly reflects that the bottom was in when big volume supported the MEGA trendline support at $4000.
Also, the bear penant which might take the prices lower has broken upwards, as you can see on the charts, marked in orange trianle, clearly reflcting how bullish the chart is.
The Weekly MACD has just crossed bullish so expect May to be Highly volatile.
The strong resistance at $10000 where prices was rejected multiple times is gonna get tested again with a possible breakout. If BTC Halving event cant cross that resistance than no other event can.
I am expecting the prices to reach $14000 mark before it test $10000 region which is a Major support before prices head North
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Btc halving Event is approaching and still people trying to take short positions at the trend line resistance.
Looking at the chart, it clearly reflects that the bottom was in when big volume supported the MEGA trendline support at $4000.
Also, the bear penant which might take the prices lower has broken upwards, as you can see on the charts, marked in orange trianle, clearly reflcting how bullish the chart is.
The Weekly MACD has just crossed bullish so expect May to be Highly volatile.
The strong resistance at $10000 where prices was rejected multiple times is gonna get tested again with a possible breakout. If BTC Halving event cant cross that resistance than no other event can.
I am expecting the prices to reach $14000 mark before it test $10000 region which is a Major support before prices head North
If you guys like the idea, Please like and subscribe.