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The Bitcoin halving will be happening in just over three weeks from now. If Bitcoin consolidates until then, we are looking at entering the halving cycle at around $70,000 per $BTC . We have witnessed BTC break the ATH before the halving. We have been moving faster than expected. We should be breaking the #ATH. several months after the cycle, although it will do once again.
We have to pay attention to the reason behind this early BTC price rise. The main reason behind this is because of the ETF hype both before and after approval. Due to this, we have more institutional and retail investors entering the market. We will be seeing corrections along the way but due to the above, it looks like we are going to leave the bull cycle and enter a SUPER CYCLE! We are looking at a 2025 BTC price target of $120k - $140k. give us your thoughts 🤔💭
In the current market scenario, $BTC is consolidating between the $69400 and $70700 range with each 4-hour close. I'm exercising #Patience with #Entries as we're trading amid two significant liquidity areas. Based on the heatmap, there's growing interest at $71600 and $67000 suggesting an imminent sweep of one of these levels to gauge the market's reaction.
The Monday High at $71000 holds significant importance, and a successful flip above this level could pave the way for a rapid ascent to a new #all-time high.
Let's see what will happen, Thanks for your support Have a nice day,