To date, only three Bitcoin Halving took place, that is in 2012, 2016 and the latest on May 11, 2020.
Bitcoin has continued to surge to new highs today and appears to stop at nothing. Earlier in the week, it retraced from 34K to 27.5K in a matter of MINUTES which offers a taste of how dramatic a normal and healthy retrace can be.
At the current rate, it is within reach of 40K, and many are getting caught in the fear of missing out on routine. This is what you need to CONSIDER: The higher it goes, the greater the chance of retrace. All of the longs piling in at these highs will be the source of the dramatic selling pressure to follow once the buying activity is absorbed. The zone between 34K and 36K is a proportional area where a fake out is likely to unfold. At the time this video was made, the price has pushed through the zone which is a bullish sign.
===============
