Bitcoin Halving Effect on Price Dynamics

Bitcoin Halving: Price Holds Between Support & Resistance

Published At: Apr 19, 2024 by Gareth Soloway
Bitcoin Halving: Price Holds Between Support & Resistance

Bitcoin halving has happened. Bitcoin are now 2x as hard to mine, reducing the mined supply in half.

The price of Bitcoin is holding between major resistance at $68,000 and major support at $60,000. Each level is confirmed as major. Investors need to watch to see which level breaks. A large move in that direction is then likely.

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