With Halving just days away, the price of Bitcoin is falling: Will the trend change in the short term?

The price of Bitcoin is becoming more volatile as the next Halving approaches, which is expected to take place on May 12 in the morning (approximately 07:30 AM GMT). Below is my analysis with the short, medium and long term trend of the BTC.

In the chart you can see how the Bitcoin price is going down in the last hours
In the graph you can see how the price of Bitcoin has fallen in the last few hours
Here is an excerpt from Friday’s release, exactly: „Supports the possibility of a rally, but with caution, for the next few hours: +55% | -45% … No sales are ruled out near the close of Wall Street or even before“; and as you can see from the chart … The above.

You can also see the decline announced near the close of Wall Street. For not taking into account how it tipped to bearish, or loss of buying power, from almost the time of the release.

After the close of Wall Street, it recovered. During the weekend it recovered even more but did not reach the maximum of May 30th: $9,500; all this alternated with lurches. Since yesterday: drops, and we’re still in those until this time of writing this article at 1:30pm Spanish time.

In short, we are a few days away from Halving and the price of Bitcoin is falling: Will the trend change in the short term?

We will try to answer this question in the following analysis…

The answer to our headline is NO. Sales should still dominate … But a hint of a turnaround looking for a turnaround, if we look at the bottom of the chart on the right side.

Our CryptoTrend indicator in INTRADY:

Supports the possibility of a bearish move in the next few hours: The News Spy – Bitcoin Profit – Bitcoin Circuit – Bitcoin Revolution – Bitcoin Code – Immediate Edge – Bitcoin Trader – Bitcoin Billionaire – Bitcoin Evolution – Bitcoin Era +40% | -60% … No buys are ruled out near the close of Wall Street.

Analysis of the BTC price in the medium term
Chart with the analysis of the BTC price in the medium term
Chart with the analysis of the BTC price in the medium term
Medium-term trend remains upward: 11 days now. Brown line above, as appropriate, BUT HEADING THE BROWN LINE. Signs of narrowing.

This does not help the Short Term trend to recover so easily and go back up. No.

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