Why did we talk about the Shooting Star candlestick?Because Bitcoin on the monthly timeframe is showing signs of potentially forming such a candlestick, which we have highlighted on the chart. Currently, we don’t have a specific scenario for it, but we just wanted to share our observations with you.
Chartanalysis
250k Btc (with facts) Bitcoin growth across three Halving CyclesFirst Halving:
Market cap at halving: 146 million
Market cap during run-up: $18.75 billion
Run-up: 20 billion (approx.)
Second Halving:
Market cap at halving: $9.375 billion
Market cap during run-up: $300 billion
Run-up: $290.625 billion (approx., 15 times larger than the first halving)
Third Halving (hypothetical):
Market cap at halving: 150 billion
Possible market cap scenarios during run-up:
a. $1.2 trillion (already achieved)
b. $2.4 trillion (potential)
c. $4.8 trillion (potential)
Run-up (applying the 15x increase pattern): $4.35 trillion approx.
Hope you learned something :)
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RAMCO CEMENT READY FOR ACTION...NSE:RAMCOCEM trade at 830 level. Stock trade in triangle range. You can watch for next trendline resistance at 1000-1100 level.