Fractal ID

Litecoin

Bitcoin

Rekt

<div class="dailyhodl"> 
 A widely followed crypto analyst is sharing what he calls a “cheatsheet” for reading Bitcoin (BTC) price movements as the next halving approaches. 
 Pseudonymous trader Rekt Capital shares a graph with his 351,800 followers on the social media platform X that suggests BTC’s current prices are within the expected pre-halving range. 
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 “The Bitcoin Halving Cheatsheet.” 
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F6DzwXWWIAAAiwi?format=jpg&amp;name=large" alt="" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Rekt Capital/X
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 </figure> 
 According to the trader’s chart, BTC currently has some room to fall and still would remain in the expected pre-halving range. The chart indicates that the trader expects prices to not move much initially after the halving, known as the post-halving resistance, followed by a parabolic rally for BTC. 
 Bitcoin’s next halving is expected for April 2024. 
 The halving is an event that occurs every four years when the reward for Bitcoin mining is cut in half. Generally, prices rise soon after. 
 The trader also&nbsp;takes time&nbsp;to address the possibility that BTC is forming a bearish fractal pattern on the price charts. 
 “If we’ve seen this Bearish Bitcoin Fractal before… 
 Maybe we could see it again?” 
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F6D3Jk9WUAAjqPc?format=jpg&amp;name=large" alt="" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Rekt Capital/X
 </figcaption>
 </figure> 
 According to the trader, a bearish fractal could actually present a lucrative opportunity to BTC traders. 
 “Even if there’s a Bearish Bitcoin Fractal forming… 
 It may enable one of the last Pre-Halving bargain-buying opportunities in preparation for the Post-Halving parabola.” 
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" loading="lazy" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F6D5z7gWYAAKvXC?format=jpg&amp;name=large" alt="" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Rekt Capital/X
 </figcaption>
 </figure> 
 BTC is worth $26,272 at time of writing. 
 Looking at Litecoin (LTC), Rekt Capital&nbsp;says&nbsp;Litecoin is still finding its footing after its most recent halving event. 
 “A short story… 
 Picture-perfect Pre-Halving rally rejection at the Lower High&nbsp; 
 Followed by a deep retracement 
 Likely more downside to come upon losing this green Higher Low as support 
 LTC is still likely looking for its new Accumulation Range.” 
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" loading="lazy" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F6Erf_uXMAA55Go?format=jpg&amp;name=large" alt="" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Rekt Capital/X
 </figcaption>
 </figure> 
 Litecoin is trading for $63.76 at time of writing, up 1.6% in the last week. 
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Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/crypto-trader-shares-bitcoin-halving-cheatsheet-breaks-down-the-latest-litecoin-price-action-tbt62931.html">https://thebittimes.com/crypto-trader-shares-bitcoin-halving-cheatsheet-breaks-down-the-latest-litecoin-price-action-tbt62931.html</a>

Crypto Trader Shares Bitcoin Halving ‘Cheatsheet’, Breaks Down the Latest Litecoin Price Action

TheBitTimes

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