Bitcoin Post 4th Halving Price Prediction for 2024
Updated
Hello my friends!
I am back after a long break. Bitcoin has just experienced it's 4th halving event.
I took it upon myself to look into past Bitcoin price movement patterns, looking into how Bitcoin's price reacted immediately after Bitcoin experienced a halving event. I'm primarily using a historical time-based analysis approach.
Here are my findings:
- Bitcoin's prices seem to hold for about 60 days, and then either pump or dump.
- Bitcoin appears to experience its constant bullish price movements (bull run) 60 days immediately after each halving event.
- Bitcoin appears to reach its final top 133 to 525 days after each halving event (average is 329 days).
- Bitcoin appears to reach its top every 1162 to 1449 days each time it touches the upper trend line.
- Bitcoin is currently in a major Cup and Handle pattern spanning from 8th of November 2021. We are currently in the 'Handle' phase.
My Predictions:
- I predict that Bitcoin will go down to 52000, and hover around 53K and 54K for the next 2 months (29th of April 2024, until the 4th of July 2024).
- I believe we will promptly head back to 70K at around the 11th of July 2024 (± 5 days).
- I predict that there will be a FOMO event once we break all-time-high (73K), and a major psychological FOMO event once we reach 100K as everyone tries to get their hands on some Bitcoin before it's price gains another significant figure for the first time since November 29th 2017 (9999 -> 10000).
Entry and Exit Strategies:
- I believe we will reach tops of anywhere between 160K to 185K sometime in December 2024, which will be the most ideal time to exit one's Bitcoin position.
- Possible entry options are 52-58K, and 78K-88K (once we exist the Cup and Handle).
- The least riskiest entry option is approximately 62 days from the 4th halving event, just as it's breaking upward past 57500.
Don't forget, Patience is Paramount.
Happy trading :)
I am back after a long break. Bitcoin has just experienced it's 4th halving event.
I took it upon myself to look into past Bitcoin price movement patterns, looking into how Bitcoin's price reacted immediately after Bitcoin experienced a halving event. I'm primarily using a historical time-based analysis approach.
Here are my findings:
- Bitcoin's prices seem to hold for about 60 days, and then either pump or dump.
- Bitcoin appears to experience its constant bullish price movements (bull run) 60 days immediately after each halving event.
- Bitcoin appears to reach its final top 133 to 525 days after each halving event (average is 329 days).
- Bitcoin appears to reach its top every 1162 to 1449 days each time it touches the upper trend line.
- Bitcoin is currently in a major Cup and Handle pattern spanning from 8th of November 2021. We are currently in the 'Handle' phase.
My Predictions:
- I predict that Bitcoin will go down to 52000, and hover around 53K and 54K for the next 2 months (29th of April 2024, until the 4th of July 2024).
- I believe we will promptly head back to 70K at around the 11th of July 2024 (± 5 days).
- I predict that there will be a FOMO event once we break all-time-high (73K), and a major psychological FOMO event once we reach 100K as everyone tries to get their hands on some Bitcoin before it's price gains another significant figure for the first time since November 29th 2017 (9999 -> 10000).
Entry and Exit Strategies:
- I believe we will reach tops of anywhere between 160K to 185K sometime in December 2024, which will be the most ideal time to exit one's Bitcoin position.
- Possible entry options are 52-58K, and 78K-88K (once we exist the Cup and Handle).
- The least riskiest entry option is approximately 62 days from the 4th halving event, just as it's breaking upward past 57500.
Don't forget, Patience is Paramount.
Happy trading :)
Note
Note
Even the experts say the Bitcoin post-halving consolidation could last 2 months:(Article published 1 hour ago).
tradingview.com/news/cointelegraph:d4415989a094b:0-bitcoin-post-halving-price-consolidation-could-last-2-months-says-bitfinex/
Note
All Bitcoin ETFs Are Dropping Their Holdings:tradingview.com/news/u_today:aba32708c094b:0-all-bitcoin-etfs-are-dropping-their-holdings/
Expect these big players to re-enter the BTC market in 2 months from now.
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