BTC has just touched an ascending support line that it has not touched for more than 3 years. If the pattern seen above is repeated, we may be facing a possible first touch of this line to retest it later in a little more than a year to start the uptrend of the next halving. Note that the vertical lines are the dates of the having of 2020 and the estimated date of the halving in 2024.
As you can see it is possible that the above mentioned retest sweats before the previous fractal, this is due to the fibonacci values measured at the previous date as well as other values.
As you can see it is possible that the above mentioned retest sweats before the previous fractal, this is due to the fibonacci values measured at the previous date as well as other values.
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