Bitcoin – Halving lag

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Just a reminder.

Took approx 22 weeks after the last halving (2016) before bitcoin started it’s major bull run. If history repeats then this October will be the month to watch. First clue will be the break and hold over 13k followed by the break of the yellow line (above) around 16k.

Note also we are currently sitting on the RSI pivot line. It’s relatively important that this line holds as it represents the battle line between the bulls and the bears. Any significant move below this line would greatly hinder or at least delay any possible repeat of the bullish action seen after the 2016 halving.