🚀 Bitcoin price has the potential to shoot up before the halving 🚀

pointing to the Moving Average Convergence Divergence (MACD) indicator plunging into negative territory, a sign of growing bearish momentum that could lead to a short-term price drop below US$51,000.

However, the analysis also identified key support and resistance. If Bitcoin price falls, the US$47,764 support will be crucial for bulls to defend to trigger a rebound.

Conversely, a breach above the US$52,051 resistance level could set the stage for a rally towards US$60,000, underscoring the volatile yet potential nature of Bitcoin trading.

Adding complexity are the technical indicators from the daily charts. The indicator's cross of the 20-day EMA above the 50-day EMA and Bitcoin price positioning above both indicate an underlying bullish sentiment that could shrug off the short-term bearish trend and push BTC towards the predicted US$63,000 mark. $BTC