Bitcoin Price Indicator Shows Bearish Mood Strongest Since February | BTC News Today

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Bitcoin price is facing its strongest selling pressure since February and has potential to drop below recent lows near $7,750.

The BTC price fell from $8,326 to $7,935 in 60 minutes, confirming a downside break.

In other BTC news today we take a look at PlanB’s tweet on Crypto Twitter regarding the upcoming Bitcoin halving set to take place in May, which is just 6 more months away.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

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Bitcoin Price Indicator Shows Bearish Mood Strongest Since February

We are at about 6 months before May 2020 #bitcoin halving.

In 2012 btc jumped from $5 to $12 (2.3x) in those 6 months before the halving. In 2016 btc jumped from $350 to $650 (1.7x).

— Plan₿ (@100trillionUSD) October 16, 2019

Correct, it is not priced in.

In my article, I simply analyse the effect that the Halving has had on Bitcoin’s price prior to and after each of its Halvings to date

— Rekt Capital (@rektcapital) October 16, 2019