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πŸ’° Bitcoin exactly rejected from the mentioned resistance level. Expect a few more weeks of sideways and slow action before it drops to $55k - $50k.
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πŸ₯‡ Bitcoin is expected to trade between $60,000 and $66,666 for the next few weeks. Significant Movement / New Trend may occur if weekly candle closes below $60,000 or above $66,666 on the chart. High possibility of a quick drop to $55k - $50k before the bull run resumes.
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πŸ₯‡ Happy Halving Day, Bitcoiners!
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πŸ’° BTC HALVING PRICE HISTORY: β€’2012= $12 halving, $964 1yr later β€’2016= $663 halving, $2550 1yr later β€’2020= $8740 halving, $55801 1yr later β€’2024= ~$63300 at halving Where will price be 1yr later?
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πŸ₯‡ Those expecting #Bitcoin to hit $100k right after the halving should lower their expectations. History shows there's usually about 4 months of sideways movement and re-accumulation before any major price surge. A mini altcoin season is Expected.
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πŸ₯‡ β€œBitcoin Halving" search query on Google set a new ATH, which is nearly 30% higher compared to the data from 2020 πŸš€ Retail a.k.a Exit Liquidity is coming…
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πŸ₯‡ Bitcoin's Halving Effect : The avg direct cost of production of one #bitcoin is expected to increase from $25,000 to $37,800.
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πŸ’° Bitcoin Vs SOL Price Action : #SOL, after losing the 50 EMA support, dropped by 28% towards the 200 EMA. #BTC can follow a similar price action as long as Bitcoin is trading below 50 EMA. Expecting a 15%-20% drop from here πŸ“‰πŸ“‰
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πŸ’° The market is fluctuating between $61.5k and $63.5k range. It could keep moving choppy sideways until it breaks through either of these levels.
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πŸ’° Bitcoin hit the 200 EMA and dropped by $5.3k, as expected. There is a possibility of a small recovery from here before the next drop.
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