🔥 Bitcoin Halving - Sell The News Signal

Normally I don't look that much at moving averages because they are largely lagging indicators. However, sometimes the indicator shows a strong divergence.

As seen on the chart, the 200 EMA has offered strong support on the way up, but has now caused a strong rejection, making way for the bears to push the price further down.

Like mentioned in the analysis below, there's a chance that the Halving will be a sell-the-news event, especially since we had a new all-time high for the first time ever before the halving.

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Likely going to retest the dump's low. If this support fails, expect a lot of selling.

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Retested the yellow support on the chart above. It can get scary from here.