Bitcoin: Consolidation Post-Halving Defies Expectations

In Bitcoin, there has been a pronounced consolidation since mid-March. The halving had practically no impact on price development, although both bulls and bears hoped for this event to trigger movements in their favor. What happens now with Bitcoin? Is the rally over? Are we stuck in a boring sideways market? Are $100,000 out of reach? Let's look at the technical analysis. We have several target areas above, with the most apparent being around $73,000, the area reached in March's all-time highs. Below, the area around $60,000 provides support. Looking at the MACD, we see a classic bullish divergence. However, the MACD provides further information: the histogram is very low compared to previous price lows, yet the price is significantly higher now. This situation is clearly bullish. Therefore, we remain optimistic about Bitcoin. The trade idea represents just one of many ways to trade the positive sentiment.