The below is the daily chart of BTCUSD. Friday’s candle may be a bullish reference candle (blue arrow). I.e. a candle with a higher low on either side of it. If today’s candle closes above yesterday’s high (black horizontal) it will give weight to the bullish reference candle scenario. We note that the RSI has broken through a down sloping green trendline which indicative that the underlying bullish momentum may be gaining strength.
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Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
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Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?