The main event of 2020 in the crypto world, halving bitcoin, is just over a week away. In the last month and a half since the collapse of the markets, the main cryptographic currency, and with it the whole market of digital assets, have fully recovered and are gaining strength for a new rise. A study by Currency.com crypto analysts shows that Bitcoin behaves quite predictably, repeating the scenario of the previous two halves, showing approximately the same dynamics, but adjusted for the global crisis and pandemic, which for a short period of time collapsed BTC.
The dynamics of bitcoin before and after halving are the same. First the bitcoin rises to a historical high, then drops by more than 80%, gradually recovers to the average of the previous peak and halving begins, after which a new peak is reached within 13-17 months. We get the scheme "Peak - Bottom - Restoration (Halving) - New Peak". By the way, this model fully corresponds to the standard economic cycle.
🔸 2011-2013
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Peak is $32.
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Bottom - $2
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Restore to hawling - $12.5
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New peak in 13 months, $1177.
🔸2013-2016
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Peak is $1177.
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Bottom - $163
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Restoration for the Hawling - $665
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New peak in 17 months, $19,800.
🔸2017-202?
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Peak is $19,800.
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Bottom - $3148.
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Restoration to Hawling - $9400-10400
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A new peak in ???? months ????
As you can see, the scenarios are almost identical and the current course is very close to the expected values. Given the growing open interest in bitcoin futures on the CME and increased activity of large investors, the price is likely to reach $9400-$10400 for the remaining days.
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