Bitcoin Is Consolidating Ahead Of Halving
Concerns about Bitcoin’s recent decline, driven by fear and a risk-off attitude due to Middle East tensions, have arisen. However, this appears to be a healthy correction within the ongoing uptrend, ahead of the upcoming halving.
On a daily chart we are currently observing wave III after recent extension and there can be space for more upside, so after current subwave 4 correction, the uptrend for subwave 5 of III may resume.
On a daily chart we are currently observing wave III after recent extension and there can be space for more upside, so after current subwave 4 correction, the uptrend for subwave 5 of III may resume.
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