
Mehdi π©
@mehdisaeedi
I'm a 2003-born electrical engineering student, passionate programmer, and active in the financial market.
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#Bitcoin halving day!
Good response from the range low.
Things are looking great.
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Capitulation is often the period of reversal.
It might be that the #Bitcoin dominance has peaked after this consolidation and a reversal is on the horizon.
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#BTC
Historically, before Bitcoin halvings, there's a retrace phase setting up the next cycle.
This forms a re-accumulation range. Once the bottom is reached, it acts as the base.
Then, consolidation follows, gearing up for a potential breakout into parabolic upside.
#Crypto #Bitcoin π
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