BITCOIN WEEKLY UPDATE

$BTC BRIEFLY REACHED NEW ATH LAST WEEK. HOWEVER, IT IS NOTICEABLE THAT THE VOLUME IS NOT RELATIVELY HIGH TO THE PRICE RALLY.

IT IS CURRENTLY FORMING A CUP AND HANDLE PATTERN WHICH SUGGESTS THAT THE PRICE WILL PULL BACK BETWEEN $42.5K - $50K.

HISTORICALLY, $BTC HAD A STRONG RALLY JUST BEFORE HALVING. IF THIS SCENARIO REPEATS, WE CAN EXPECT A GOOD BUYING OPPORTUNITY BETWEEN 6 WEEKS BEFORE AND 6 WEEKS AFTER BITCOIN HALVING EVENT.

IF THE VOLUME CHANGES AND STARTS TO INCREASE RELATIVE TO THE PRICE, WE CAN EXPECT A STRONG PRICE EXPECTATION OF $100K.

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