A bit of hope for BTC bulls!
Hey guys, how's everyone? I tried posting some charts for you guys a while back only to find out that they were "hidden" from you guys for "violating the house rules"
So I'm going to keep this one short as the chart is self explanatory.
What I did here was mark the BTC halving events on the chart and also the bull market top that followed! If you've noticed, each year the bull market cycles have lasted longer with diminishing returns.(this is an idea I've mentioned in many of my previous charts) This makes sense because as BTC's price increases, naturally more and more buying volume is required to further increase the price. That's why the logarithmic chart curves the way it does.
So with those ideas in mind you see the 2013 bull market top was about 364 days since the halving event where it started.
The 2017 bull market top was about 518 days since the halving event where it started. According to my math, this represents a 42.3% increase in time. (my math is on the chart for you to do yourself if you'd like)
If this continues, we could figure out what is 42% of 518(the number of days from 2017 halving until the top), which is 217.5 (according to my math) So if we add 217.5 days to 518 days we get a total of 735.5days.
So if this bull market which started in 2020 also sees an approximately 42% increase in length compared to the previous one (which was 518 days) then we could expect to see the top somewhere around 735 days from the last halving event.
On the chart you can see the last halving event was on May 11, 2020. 735 days after this event = MAY 16th, 2022
As I've written on the chart, I PERSONALLY DO NOT think this idea will play out, however it definitely IS something to keep in mind, especially if BTC just starts pumping out of nowhere really soon. I Personally think this market cycle double-topped and we are in a bear market now. I'd be looking to accumulate later this year (past August) or even in 2023 as the next halving event is not until March of 2024.
What do you guys think about this? Please LIKE, SHARE, and FOLLOW me if you like my analysis.
So I'm going to keep this one short as the chart is self explanatory.
What I did here was mark the BTC halving events on the chart and also the bull market top that followed! If you've noticed, each year the bull market cycles have lasted longer with diminishing returns.(this is an idea I've mentioned in many of my previous charts) This makes sense because as BTC's price increases, naturally more and more buying volume is required to further increase the price. That's why the logarithmic chart curves the way it does.
So with those ideas in mind you see the 2013 bull market top was about 364 days since the halving event where it started.
The 2017 bull market top was about 518 days since the halving event where it started. According to my math, this represents a 42.3% increase in time. (my math is on the chart for you to do yourself if you'd like)
If this continues, we could figure out what is 42% of 518(the number of days from 2017 halving until the top), which is 217.5 (according to my math) So if we add 217.5 days to 518 days we get a total of 735.5days.
So if this bull market which started in 2020 also sees an approximately 42% increase in length compared to the previous one (which was 518 days) then we could expect to see the top somewhere around 735 days from the last halving event.
On the chart you can see the last halving event was on May 11, 2020. 735 days after this event = MAY 16th, 2022
As I've written on the chart, I PERSONALLY DO NOT think this idea will play out, however it definitely IS something to keep in mind, especially if BTC just starts pumping out of nowhere really soon. I Personally think this market cycle double-topped and we are in a bear market now. I'd be looking to accumulate later this year (past August) or even in 2023 as the next halving event is not until March of 2024.
What do you guys think about this? Please LIKE, SHARE, and FOLLOW me if you like my analysis.
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