Bitcoin's Post-Halving Surge: Is the Bull Run Here to Stay?

Hi Realistic Traders, let's take a look into the technical analysis of BTCUSDT after halving!

Bitcoin has consistently held above its bullish trendline, rebounding from it three times. Recently, it has moved above the EMA90 line again, suggesting the trend could continue. A closer look at the price action shows Bitcoin breaking out of a falling wedge pattern with a bullish Marubozu candlestick. The MACD momentum indicator has shifted from the negative to the positive zone. All these technical factors support the potential for upward movement toward our first target at 79,173 or the second target at 71,415.

It is essential to note that the analysis will no longer hold validity once the target/support area is reached.

Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin."

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Trade active:

Breakout Neckline Inverted HnS, Strong Bullish Momentum Ahead?

Comment:

Weekly Timeframe: Confirmed potential continuation of bullish trend as it rebounded on EMA21 Line, Above 70k Soon?

Trade closed: target reached:

Hit the first target Yeay!