Thursday, April 22, 2021

Thoughts on Halving, ATH, Bear Market, etc

Seems like most analysis I've seen tends to into BTC halving events as an anchor/precedent along with cyclical events to determine/predict BTC targets.

  1. 1st halving 1 year later stabilized at a ridonculous 8000%
  2. 2nd halving 1 year later around 300%
  3. 3rd halving 1 year later is 05/2020, maybe ~500%

It seems halvings have been followed up with strong bull runs coupled with usual minor corrections and then an eventual bear market, perhaps due to a negative sentiment catalyst. The overall pattern seems to be repeating itself now, and it's fair to reason that BTC bear market hasn't started and eventual support level will be well above previous cycle 2018 ATH.

This isn't advice, just sharing some thoughts.

https://hedgetrade.com/bitcoin-halving-chart-complete-guide/

https://www.publish0x.com/changelly-blog/bitcoin-price-prediction-after-halving-in-2020-xpkyej


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