BitcoinLong
BTC - Great buying op next 2 months
Hey, folks. Great buying opportunity for BTC coming up in December and January.
But first, BTC should fall 50%. Don't be afraid. It has happened before, as shown in the chart above.
Two cycles ago, in 2014, BTC fell from about $450 in October 2014 to around $175 by January 2015. That was a drop of about 61% in just 3 months. January 2015 was the low.
One cycle ago, in 2018, BTC fell from about $6,500 in October 2018 to around $3,200 by December 2018. That was a drop of about 51% in just 2 months. December 2018 was the low.
This time should be the same. We should see BTC fall about 50% to 60% from October to December or January. Currently at around $19,500, it should fall to around $9,500 to $7,500 over the next 2 or 3 months.
One reason why this happens at this time in the cycle is because of the US mid-term elections, which occurred in November 2014, November 2018, and will occur again next month in November 2022. The US dollar generally strengthens following the mid-term elections which take place at the beginning of November. When the dollar strengthens, BTC, gold, and currencies tend to fall.
Keep in mind that following the mid-term elections of 2014, BTC rose a bit and then fell 60%, so it may rise a bit this time too before falling 50-60%. However, following the mid-term elections of 2018, BTC did not rise at all but simply fell right away.
Either way, this December and January should be great buying opportunities. Be prepared for a big fall first. The price could be cut in half soon. That would be a great opportunity.
But first, BTC should fall 50%. Don't be afraid. It has happened before, as shown in the chart above.
Two cycles ago, in 2014, BTC fell from about $450 in October 2014 to around $175 by January 2015. That was a drop of about 61% in just 3 months. January 2015 was the low.
One cycle ago, in 2018, BTC fell from about $6,500 in October 2018 to around $3,200 by December 2018. That was a drop of about 51% in just 2 months. December 2018 was the low.
This time should be the same. We should see BTC fall about 50% to 60% from October to December or January. Currently at around $19,500, it should fall to around $9,500 to $7,500 over the next 2 or 3 months.
One reason why this happens at this time in the cycle is because of the US mid-term elections, which occurred in November 2014, November 2018, and will occur again next month in November 2022. The US dollar generally strengthens following the mid-term elections which take place at the beginning of November. When the dollar strengthens, BTC, gold, and currencies tend to fall.
Keep in mind that following the mid-term elections of 2014, BTC rose a bit and then fell 60%, so it may rise a bit this time too before falling 50-60%. However, following the mid-term elections of 2018, BTC did not rise at all but simply fell right away.
Either way, this December and January should be great buying opportunities. Be prepared for a big fall first. The price could be cut in half soon. That would be a great opportunity.
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