#BTC/USD Next ATH $132,000+ within MAY 2022. Here's Why! Thanks again for coming by to this update guys.
It is very important for us to look at the long term outlook of BTC as an Investor. Everyone's busy predicting mid term or short term price actions (including me) but when you see the long term picture everything becomes so clean and clear and most importantly Highly Profitable.
Here's my overview on BTC after the Halving. To keep this article short and simple I am using approximate levels.
Let us look at the history first:
First Halving: 26 NOV 2012
1.Period of Bull Market: After the first halving BTC reached it's ATH in approximately 371 days.
2.ROE: BTC reached approximately 100x of its price during the halving.
Second Halving 11 July 2016
1.Period of Bull Market: BTC had a decline of approx 30% after the halving within the first 5 weeks. After that BTC started an unstoppable rally reaching its new ATH in 518 days (approx).
2.ROE: Almost 40X
What do we understand from these two events?
1. The period of bull market increased by 140% (371 days to 518 days).
2. ROE decreased by 60% in total (100x to 40x).
IF WE APPLY THE ABOVE DATA WE CAN COME TO THE FOLLOWING CONCLUSION:
Keeping in mind we reach $8300 within Halving we can expect :
1. Period of Bull Market: 725 days of Bull Market ! Yes you read it right, confused How? It's simple, (140% of 518 days which is the period of bull Market after the second halving gives us 725 days).
So yes we can expect a bull market for more than 2 years.
2. ROE: Well this is the most Interesting part:
Keeping in mind $8300 as the base price during the Third halving we can expect $132,800 as our Target till May 2022.
Confused How? => (-60% OF 40X WHICH THE ROE of the second halving gives us 16x).
So 16x of 8300= $132,000.
Not millions, Not crazy targets this is something reasonable isn't it? I am pretty much sure you can agree with me. If yes Hit that like button!
NOW LETS COME TO THE CHART
You can see the parabolic move of BTC has been trading under the GIANT CURVED CHANNEL.
BTC touched the lower trenline already and guess where the top of the curved channel reaches after 725 days of Halving? Approx $138,000! Yes! We also managed to close the weekly above the 200D Weekly MA and trading above it. aLL WE NEED IS THE BREAK ABOVE THE DOTTED TRENDLINE RESISTANCE. Break and close above that trendline will open the possibilities to new ATH. i EXPECT IT TO BREAK WITHIN THE FIRST FEW WEEKS of HALVING!
So we could call it our best call.
IN A NUTSHELL:
After halving we might see some ups and down in BTC even reaching 5k or 4k consider it as the best opportunity of the lifetime to buy BTC. We will have a bull market for more almost 2 years with a Target of around $132,000 per BTC!
Eventually, I know it's not necessary that history will repeat itself and everything written in this idea will be correct but all the data and TA are coinciding at the same price right?
Many thing's have changed fundamentally now, more adoption more exchanges etc and everyday new people are joinig crypto. So I would say that we are in an imminent uptrend. So stop predicting the short term predictions and selling your bitcoins for these prices. HODL YOUR BITCOINS and brace your SEAT BELTS. We will have the best 2 YEARS OF OUR LIFE starting within few months.
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Do share your views, ideas in the comment section.
It will be highly appreciated :)
#Peace
