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BITCOIN - Why is there no growth after the halving?
BTCUSD is not on the rise. Surprisingly for many, the price continues to fall, even after the halving. The situation is reminiscent of vvot BTC ETF, if before growth, MM accumulated liquidity at the bottom.
The trend is still strong and bullish. The price is in a sideways range and continues to collect liquidity. The limits of the range are 73500 - 60000K. The key level below which a lot of liquidity has accumulated is 59300-59500. There is a high probability that Bitcoin will be able to test this area before it continues to rise. I expect an increase because the technical and fundamental components of Bitcoin look very promising: upward trend, increasing liquidity at the expense of sellers (growth potential), buyers are very confident to keep the price in the range, launch of BTC ETF in Hong Kong, which will only attract new investors and their money.
Resistance levels: 64550, 65500, 67300
Support levels: 61500, 60200, 59300
Within this range, one should choose the right trading style (bounce or false breakout). Don't forget to watch the price reaction to strong levels and zones. The outlook remains bullish.
Sincerely, R. Linda!
Source: TV