Bitcoin Perspective
Many people have been confused by this Bitcoin cycle. Here I offer a different perspective taking into consideration both the halving dates and US Interest Rates.
Keep in mind that interest rates tend to have a lagging effect on the market.
Observations:
- Slightly lagging behind interest rates higher rates seem to suppress Bitcoin's upward movement. Cause consolidation.
- When interest rate hikes paused Bitcoin immediately started climbing.
- Interest rates did not start rising until after the 2nd halving.
- Interest rate hikes had already paused before the 4th halving.
- During times of low interest rates Bitcoin has seen large growth.
- (Outside this chart) The last 2 times the FED started cutting rates we reached 0.25 in less than 1 1/2 years.
- The average Bitcoin Bull Cycle lasted between 756 days and 826 days.
- We are currently 665 days into this cycle.
I'll let you decide what this all means. I just thought I would share my observations.
Keep in mind that interest rates tend to have a lagging effect on the market.
Observations:
- Slightly lagging behind interest rates higher rates seem to suppress Bitcoin's upward movement. Cause consolidation.
- When interest rate hikes paused Bitcoin immediately started climbing.
- Interest rates did not start rising until after the 2nd halving.
- Interest rate hikes had already paused before the 4th halving.
- During times of low interest rates Bitcoin has seen large growth.
- (Outside this chart) The last 2 times the FED started cutting rates we reached 0.25 in less than 1 1/2 years.
- The average Bitcoin Bull Cycle lasted between 756 days and 826 days.
- We are currently 665 days into this cycle.
I'll let you decide what this all means. I just thought I would share my observations.
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.