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Hello traders investors and community. There is an interesting observation which i made and want to share with you today. It is revealing the magic bitcoin
halving-cycle in which we seen huge growing of price after the past halvings.
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The last weeks we are facing a consolidation period, exactly what we have seen in the past before halving break-outs happened. Before the first halving and
break-out BTCUSD consolidated between 2 and 15 USD, after the halving we have seen an enormous growth of 90.52 X before the first major top formed.
The same happened after the second halving, in this case BTCUSD made28.74 X after a longer consolidation period in which price consolidated between
160 - 700 USD.
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In my chart you can see the red boxes which show the consolidation periods before BTCUSD broke out and entered the growth phase (green-boxes), exactly
after the halving!
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I am expecting the consolidation period in which we are trading now to hold on until the halving or beyond, after this we will face the next big
bitcoin-halving growth period of BTCUSD.
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Consider this: We made 90.52 times price-growth after the first and 28.74 after the second halving.
Now this gives an average of 59.63 X.
Just when we underbeat this mark and make 10 times more after the next halving that would be 100.000 - 120.000 USD.
Looking on the information i am expecting a similar growth-period for BTCUSD like the one seen after the first halving.
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Okay hopefully everybody enjoyed! May all luck and happiness come to you! For more market insight feel free to support!
The information provided is for educational purposes only and should not be used to take action in markets.
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