Since the beginning of the year, Bitcoin has gone up by more than 52%. While prices have been strongly trending higher during the first few months, the Bitcoin rally has stalled out since mid-March. Significant milestones, such as the approval of Bitcoin ETFs and the recent halving event in April 2024, had further fueled optimism and created too much euphoria. Now, more than six months into a sideways torture, the end of the consolidation might be in sight.
Continue reading the latest Bitcoin Analysis from Florian Grummes at 👉 https://celticgold.eu/blog/technical-gold-and-bitcoin-analysis-by-florian-grummes-37/bitcoin-not-yet-ready-to-launch-the-breakout-rally-262
Bitcoin in USD, weekly chart as of September 22nd, 2024. Source: Tradingview
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