Is the Ethereum Classic (ETC) Pre-Halving Rally Finished?
The estimated halving date for ETC is March 5th, roughly 10 days away and after quite the price move higher earlier this month sellers came in and knocked it back a bit.
The Halving Party Over?
Looking at the chart we can see a triple top around $13 with three different intraday spikes before price dumped to $10 before consolidating a bit.
That could be the pre-halving top when it comes to it. Doesn't mean there can't be a crazy spike out of nowhere but it has me thinking of the last Litecoin (LTC) halving and how price topped out well before the actual halving occurred.
Downside support is from here to the $8.30 area. Anything below that likely gets ugly.
Upside is basically that triple top around $13.
Posted via Steemleo
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I think this is a make or break week for BTC with all the news and money flows out of the stock market. If it is stagnant or headed lower, then I will give credence to those who say the halving is already priced in.
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