BitcoinLong
BTC 2024 Halving Expectations
█ OVERVIEW
Historically speaking,BTCUSD halving events have shown that price touches the 38.6% retrace level of the then ATH, to its respective trend low.
On another front, each ATH since 2014 has lasted just under 4 years, at 1100, & 1200 days roughly.
Under these two premise, one could expect 35k to be a support level we touch in April 2024 and the current ATH to be challenged around 70k at the 1150 day mark in Nov/Dec 2024 with price discovery AKA Bulls on Parade thereafter
Historically speaking,
BTCUSD halving events have shown that price touches the 38.6% retrace level of the then ATH, to its respective trend low. On another front, each ATH since 2014 has lasted just under 4 years, at 1100, & 1200 days roughly.
Under these two premise, one could expect 35k to be a support level we touch in April 2024 and the current ATH to be challenged around 70k at the 1150 day mark in Nov/Dec 2024 with price discovery AKA Bulls on Parade thereafter
Eric Thies
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