BitcoinLong
BTC $ 255 000 this BULL RUN?
Updated
Hello, everyone!💥
Today, let's talk about Bitcoin and its prospects for the coming years. What should we expect? Let's compare the two previous bull runs.
To start with, every four years, the reward for Bitcoin miners decreases, a phenomenon known as halving.
Why is everyone so waiting for halving? Well, when the next halving occurs, miners receive half the rewards, reducing the speed of new Bitcoin mining and consequently lowering its inflation rate (devaluation).
No one knows for sure what will happen next time, but it's worth making predictions based on the history of previous years. Especially since it's very transparent and repeats itself time and time again.
Let's take a look at the chart I've prepared for You.🧐
https://www.tradingview.com/x/hMshqkdy/
On the chart, I've marked two wedges, which I've colored white. The blue arrows indicate the regularity of three-year cycles. This is the time it takes for these channels to form and the regular way they break out.
After the breakout, the growth percentage is approximately the same ~550%.🚀
Assuming that the breakout occurred last year, from the $40,000 mark (the price has already corrected as it has done every time before - orange circles), and the growth will be like previous times, theoretically, the price in this bull run could reach the $255,000 mark.😱
https://www.tradingview.com/x/JFTGhb0J/
🧐Do you believe in such growth? Are you concerned about the situation in the world? Share your thoughts in the comments.
💡I also wanted to share my previous chart with you. Perhaps you'll find it interesting.
https://www.tradingview.com/chart/BTCUSD/ri4n3dSp-Could-Bitcoin-be-worth-600-000/
Thanks for Your attention!
Always sincere with You,
Your Kateryna🫶
Today, let's talk about Bitcoin and its prospects for the coming years. What should we expect? Let's compare the two previous bull runs.
To start with, every four years, the reward for Bitcoin miners decreases, a phenomenon known as halving.
Why is everyone so waiting for halving? Well, when the next halving occurs, miners receive half the rewards, reducing the speed of new Bitcoin mining and consequently lowering its inflation rate (devaluation).
No one knows for sure what will happen next time, but it's worth making predictions based on the history of previous years. Especially since it's very transparent and repeats itself time and time again.
Let's take a look at the chart I've prepared for You.🧐
https://www.tradingview.com/x/hMshqkdy/
On the chart, I've marked two wedges, which I've colored white. The blue arrows indicate the regularity of three-year cycles. This is the time it takes for these channels to form and the regular way they break out.
After the breakout, the growth percentage is approximately the same ~550%.🚀
Assuming that the breakout occurred last year, from the $40,000 mark (the price has already corrected as it has done every time before - orange circles), and the growth will be like previous times, theoretically, the price in this bull run could reach the $255,000 mark.😱
https://www.tradingview.com/x/JFTGhb0J/
🧐Do you believe in such growth? Are you concerned about the situation in the world? Share your thoughts in the comments.
💡I also wanted to share my previous chart with you. Perhaps you'll find it interesting.
https://www.tradingview.com/chart/BTCUSD/ri4n3dSp-Could-Bitcoin-be-worth-600-000/
Thanks for Your attention!
Always sincere with You,
Your Kateryna🫶
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