Bitcoin Price Outlook for 2021 Bitcoin Halving Event

If we study the price action of previous Bitcoin Bull cycles, we can expect that the next top should be able to re-trace down by approx. -95% to the TOP of the PREVIOUS bull cycle. We also look at the timing of the peak to occur at a ratio after the Bitcoin mining halving events which it has done in the previous Bull cycles. See coinwarz.com/mining/bitcoin/... for projected upcoming halving event. The blue vertical lines represent the previous halving events and the projected upcoming halving in 2024.