Even Bitcoin price went up from 25K USD to 44K USD, Hive price only went up from 0.26 USD to 0.39 USD.. There is a reason that resisted Hive price against Bitcoin price..
When we look at Hive/Bitcoin pair chart, there is falling wedge will be completed in April 2024. We may see the pressure on Hive price until this date..
Here you can see daily chart of Hive/Bitcoin pair. I drew the falling wedge pattern and crossed support and resistance lines. They are crossing in April 2024.. We will see the crossing in halving. If Bitcoin price goes up after halving, It may be possible to see breaking down.. but I don't think like this. Hive price is undervalued. It is possible to see more price pump onb Hive price chart...
We may see double bottom in Hive/Bitcoin pair chart. It may be great time to convert Bitcoin to Hive!
I believe that Hive has more potential than Hive. Hive is one of my favourited crypto in my portfolio druing entering 2024 altcoin season...
Here you can see weekly chart of Hive/Bitcoin pair chart. There is donwtrend line on RSI Indicator. It will be broken uo until June. It means, altcoin season will begin until June 2024!
We are inth red weekly candle on Hive/Bitcoin pair chart. There is great support line on this wedge pattern. So, it may be difficult to see Hive/Bitcoin pair below this level..
As I said, Hive is one of my favourited crypto in my portfolio. I am waiting with my cash to buy more Hive until altcoin season. 0.26 USD is the bottom of Hive price. I will pick up from this level if we see market crash.
Buying lowest level is to buying more Hive. I am waiting.
We will see...
Posted Using InLeo Alpha
