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Week-25: Bitcoin remained within the range throughout the last week and failed to break above the upper line. The hyper bullish trend doesn't appear on charts so next moves will strongly remain news-driven. Weekly range for Bitcoin is forecasted as under:
$41.2K to $45.7K
Midline may be drawn at $43.4K
Bitcoin Halving:
Bitcoin halving will not cause a big price impact. People are expecting 10-20x, comparing it to what happened during/after previous Halving events and that is hardly relevant anymore. BTC adoption was little to none at that time and BTC was looking to capture a good chunk from the market which stands achieved by now. 120% is the maximum gain you can expect from here.
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