The current situation tells us that we are halfway up in terms of time. Even though many are bearish, that has nothing to do with the overall bullish situation. I remain convinced that around 30k was/is the bottom. The current price action is a classic consolidation. And many are trying to push the price further down with bad news to buy cheaper. For me, however, it is absolutely clear that 62K was not a halving top. Accordingly, I am still strongly bullish.
The chart examines Bitcoin in recent years in the four halving epochs. Each epoch is many times larger than the previous one. We are currently in the fourth epoch. If Bitcoin follows the same path as the last epoch, the peak would be around $400,000. In relative terms the peaks have decreased compared to the previous epoch. So "only" $300,000 are more likely. In any case, more than $100,000. The halvings are characterized by dramatic rises to a new all-time high. In between are regular dumps followed by regular pumps. 😃
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Let's see what happens. Happy trading. :-)
BTCINVESTING
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BTCUSD: Another bad news for bears!
My Post Jun 7, 2021 (2/2)
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My Post May 31, 2021 (1/2)
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My Post Apr 18, 2021
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My Post Apr 15, 2019 (2 year ago!). I was one of the first btw. ;-)
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Comment
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fast update:
clear bulish div and no lower low. 30k is a THE resistance...
MIND BLOWING CHART!! Though I got bit nervous the last couple days all I'm seeing is buying opportunities!!!!!!!!!
BTCINVESTING
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@tradinggof, what a great comment and compliment. thank you so much. i appreciate it so much my friend!!! :-)
iambumblebee
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awesome. following your ideas is always a good strategy. i love it! :-)
BTCINVESTING
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@iambumblebee, thousand thanks for the coins! great motivation for me to share my knowledge. :-))
fract
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BTCINVESTING
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@fract, oh thx for your comment with cheer!!! great motivation. and a great chart. thx for sharing my friend.
Ether2020
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Thank you my dear friend for these great comparison charts of Bitcoin. I think research is great and your perfect analysis proves it once again. The macro economic situation just makes Bitcoin extra attractive in these times because Bitcoin is limited to a maximum of 21 million coins. There are currently only 3 million to mine and it will take until about 2044 to reach the maximum of 21 million. The value can only increase! With the new network upgrade to come, transactions will be processed much faster which is of course good news for Bitcoin. The money presses are working in Europe and the US and trillions are being printed. This is not possible with Bitcoin and therefore THE investment of the century. Not falsifiable and not reprintable. All that is happening is manipulation by the big funds to shake Bitcoin investors out of the tree by creating fear.
So far the horizontal support is holding perfectly. Top!
BTCINVESTING
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@Ether2020, thx for your comment my friend. there is nothing more to add. i agree with everything you said. :-)
Ether2020
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@BTCINVESTING, Yes my dear friend, we have a lot in common about Bitcoin! Thanks so much!