Bitcoin long term analysis
Hey everyone!
Here is a bitcoin chart i put together on
BLX
We can clearly see bitcoin is following its usual cycles, just as most trader expected :)
Something interesting i noticed was the following:
Halving 1: It took 3 months to break the previous all time high after the first halving
Halving 2: It took 6 months to reach the previous all time high, and approx. 9 months to break the overhead resistance after the second halving
Could a similar pattern continue? Maybe this time we need to wait 9-12 months after the 3rd halving to break $20 000?
This would put a bitcoin breakout somewhere between February and May 2021. This makes a lot of sense to me as bitcoin becomes more mainstream, gains liquidity and the volatility lowers.
Let me know what you think! When will bitcoin break $20 000?
Cheers. Happy hodling
If you like my bitcoin charts!
bc1qrp8ajsj46dutllyuxch226qac3nce2e0t53t96
Here is a bitcoin chart i put together on
BLXWe can clearly see bitcoin is following its usual cycles, just as most trader expected :)
Something interesting i noticed was the following:
Halving 1: It took 3 months to break the previous all time high after the first halving
Halving 2: It took 6 months to reach the previous all time high, and approx. 9 months to break the overhead resistance after the second halving
Could a similar pattern continue? Maybe this time we need to wait 9-12 months after the 3rd halving to break $20 000?
This would put a bitcoin breakout somewhere between February and May 2021. This makes a lot of sense to me as bitcoin becomes more mainstream, gains liquidity and the volatility lowers.
Let me know what you think! When will bitcoin break $20 000?
Cheers. Happy hodling
If you like my bitcoin charts!
bc1qrp8ajsj46dutllyuxch226qac3nce2e0t53t96
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