Crypto - Bitcoin Blockchain Background with Hand

Bitcoin Keeps Consolidating Ahead Of Halving

Gregor Horvat Wavetraders Mon Apr 15, 5:32AM CDT
Crypto - Bitcoin Blockchain Background with Hand

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.

BTCUSD Daily Chart by www.wavetraders.com

For a detailed view and more analysis like this you may want to join our live webinar on Youtube later today on April 15 2024 @ 15.00 CET:


On the date of publication, Gregor Horvat did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.