Hi Criptotraders,
This is a study, based on the halvings along with the Bitcoin History.
The 1st halving was on Nov/12
. We had 12 months bullish and a bullish momentum of 11633%
.After this, we sank into 13 Months of Bearish Market that led us to the bottom, something near 85%.
Second Halving was on Jul/16
.Bitcoin had 17 months bullish and a bullish momentum of 3012%.
.The bear market also had the same duration, 13 Months, and almost 79% correction.
Third Halving was on May/20
. We are on the 9th month of the bullish market, but, If we take the last movement as a way to estimate how long can we have the bull market, We still may have at least 1-2 months of bullish momentum.
. Regarding the Price, I took the same proportion that we had between the first halving vs the second halving... So, I'm being conservative, But I think we can reach somewhere near U$70- U$75k USD.
SO, the Top of our movement can be U$70-75k USD and after this, We can expect some bearish months (at least 12 months), and If We have an 80% correction the bottom can be near U$12- U$15k USD.
I also assume that the EMA200 on the Weekly chart is the best guide for the bottom on the next bear market.
Be prepared, and enjoy the ride.
- Tasso Lago
Financial Move Asset Manager.
This is a study, based on the halvings along with the Bitcoin History.
The 1st halving was on Nov/12
. We had 12 months bullish and a bullish momentum of 11633%
.After this, we sank into 13 Months of Bearish Market that led us to the bottom, something near 85%.
Second Halving was on Jul/16
.Bitcoin had 17 months bullish and a bullish momentum of 3012%.
.The bear market also had the same duration, 13 Months, and almost 79% correction.
Third Halving was on May/20
. We are on the 9th month of the bullish market, but, If we take the last movement as a way to estimate how long can we have the bull market, We still may have at least 1-2 months of bullish momentum.
. Regarding the Price, I took the same proportion that we had between the first halving vs the second halving... So, I'm being conservative, But I think we can reach somewhere near U$70- U$75k USD.
SO, the Top of our movement can be U$70-75k USD and after this, We can expect some bearish months (at least 12 months), and If We have an 80% correction the bottom can be near U$12- U$15k USD.
I also assume that the EMA200 on the Weekly chart is the best guide for the bottom on the next bear market.
Be prepared, and enjoy the ride.
- Tasso Lago
Financial Move Asset Manager.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.