BTC BOTTOM AND HALVING CYCLES
*Comparison of cyclic behavior of BTC before and after halving*
1st Halving: Nov-2012
2nd Halving: Jul-2016
3rd Halving: May-2020
**4th Halving: MARCH-April-2024**
I have noted the 1st halving data but it is not matching with 2nd and 3rd halving, therefore I have considered it as an outlier.
Conclusion: As per statistics and past data, BTC bottom should be 300-400 days after its top and 500-550 days before its halving, both converges to End of year 2022.
As per harmonics AB=CD pattern, BTC bottom should be around 13,000 and currently it is trading at 19,000 (October).
As per the calculations, we might see a dump to 10,000 to 13,000 by Dec this year.
17.3k July was not the bottom of the cycle, Bottom is yet to come.
1st Halving: Nov-2012
2nd Halving: Jul-2016
3rd Halving: May-2020
**4th Halving: MARCH-April-2024**
I have noted the 1st halving data but it is not matching with 2nd and 3rd halving, therefore I have considered it as an outlier.
Conclusion: As per statistics and past data, BTC bottom should be 300-400 days after its top and 500-550 days before its halving, both converges to End of year 2022.
As per harmonics AB=CD pattern, BTC bottom should be around 13,000 and currently it is trading at 19,000 (October).
As per the calculations, we might see a dump to 10,000 to 13,000 by Dec this year.
17.3k July was not the bottom of the cycle, Bottom is yet to come.
Note
Previous low of 17k broken.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.