Bitcoin Price Prediction: Impending Selloff Expected Post 4/20 Halving

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Bitcoin Price Surge

Bitcoin has been on an absolute tear for the past few months, and its run from 27K to 70K+ was one with no major corrections, which is something to be cautious of.

Market Analysis

If you study the charts, you'll see that BTC generally sells off for a period after the halving (buy the rumor, sell the news) at its finest. I think we are going to see a sell-off shortly after the halving that's going to liquidate many traders who joined the party a little too late and will be major profit-taking for those who got in early, using the euphoric buying as exit liquidity.

Final Thoughts

Be cautious! Good luck, and always use a stop-loss!

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