I havw Noticed in recent days, people "Boosting" A chart I posted in Dec 2022, called "BITCOIN Halving cycles and Pump %"
So I thought I would update it and see where we are now.
In it, i said 2024 would be a Good year.
Well, we got that in many ways and not surprisingly but we have seen some things that point towards this being a VERY different cycle and I will explain some of them here
So, as the title suggests, Lets Look at the Halving to ATH - For a start, I need to explain the issue we have with 2021 - 2 major ATH and a divided community about which one was the REAL ATH and so on. There are plenty of reasons to accept the NOV 2021 ATH as the real one, mostly because it was the highest price !
It was also a similar day count from previous Halving to ATH and so I am working with that.
The Current Bitcoin ATH was 280 days after Halving. A Lot Less than any previous day count from Halving to ATH..
We are however, still under the 365 count we had in 2012 Halving to ATH - So...for me, the possibility that we have NOT seen Cycle ATH still exists for many reasons..
And yet, at the same time, I am Very aware that this Cycle has seen accelerated adoption because of ETF's etc,,,,,,so, please Keep an open mind.
Using the day Count system and the Nov 2021 day count, we could expect this Cycle ATH around Oct 2025 - probably safer to say Q4
But how High ?
The % rise from ATH to ATH is an interesting topic here.
https://www.tradingview.com/x/RtfHrYHI/
2012 to 2017 ATH saw a 1144.6% Rise in PA
2017 to 2021 ATH ( Nov ) saw a 326,3% rise in PA - This is 3.5 X SMALLER than the previous Rise.
Using that 3.5 Smaller calculation, that gives us an % rise of 92.4% and an ATH of around 121K for this cycle. Kind of contradicts expectations and this alone could point towards that fact we may have already be near reacheing cycle Top !
(I have posted a Far more detailed chart about this and will be updating it soon)
BUT, the Crunch comes when we look at the Halving to ATH, as mentioned in the title
I wrote in Dec 2022
2012 Halving 10K% rise after
2016 Halving 3,5K% rise after
2020 Halving 700 % rise after
Projected PA in 2024 /5 would also be 700%
BUT, Bitcoin is far more public now and the Halving Pumps will be talked about aLot. Could the Next halving actually be pumped a Lot earlier than previous dates
We got earlier Pumps due to ETF expectations, as can be seen by how far of the Curve PA rose in 2024 - This has completely changed how strong PA was at Halving and how Much further it could rise.
In facr, if you look back over previous Halvings, PA has been FLAT by comparison.
And so, Since the Bitcoin Halving in March 2024, to the current ATH, we have only seen a 62.8% Rise
https://www.tradingview.com/x/nyEB4lQl/
If PA Had been on the Curve in the chart at the halving date, we would have seen a 397.8% eise to the current ATH
This Highlights a Massive change in how PA is rising But, at the same time, We would still most likely be in the Range we are now in.
And Lastly, I want to show you this
I mentioned in Dec 2022 how Bitcoin PA could expect a 700% Rise in Price from Halving to cycle ATH
I was WRONG
From Where PA was at Halving to the Expected ATH mark on Rising trend line, it will be 651% rise and around 500K
https://www.tradingview.com/x/duOU9Lj5/
So, in conclusion, despite a massive change in how PA approached Halving and how Shallow the rise in PA has been compared to previous cycles after Halving, we are Still in a VERY Good place.
However, if you Look at just the ATH to ATH dats calculation, we may already he near TOP....
Take you pick - For Me, I am holding out for Q4 but I have safe guards in place should it turn out we have peaked early.
But do remember, this is a Projection..No guarantees......But we can hope
Stay safe and Love your Neighbour
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.