BTCUSD - Halving Effect Shorterm

23 Nis 2024

After the Halving happen on 19-4-2024, Bitcoin making a recover from the 60000 level. However, Price history showing the shorterm effect of the Halving making price drop in the first 30 day

https://www.proshares.com/globalassets/proshares/insights/0324-bitcoin-halving---history-of-btc-prices.png

Technical

50% retracement level from the swing from 25000 to 70000 is at 50.000 . This level combine with the 200day moving average on Daily chart, showing a huge potential of Pullback to this level.