InvestingScope
Long

Bitcoin: Fibonacci Channels & Halvings Signals.

BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
Following our previous study on how the length of the Bull Cycles can estimate the upcoming Bull Market and set a $100,000 target for Bitcoin , we decided to add the Fibonacci Channels/ Retracement levels and Halving elements for a more complete understanding of the next peak.

The Fibonacci Channels suggest that every time the price enters the -0.5 zone, it is a buy signal.

The Fibonacci Retracement levels show that every time BTC reaches half the Fibonacci extension of the previous price peak (X/2) it makes a new top (all time highs) and enters into a bear cycle, a clear sell signal.

The Halvings (buy signal) show that each time Bitcoin makes a new top for the bull market (all time highs) around +45% of the previous Halving - Peak length.


Combining the above we can reach the conclusion that a price target around $130,000 is even possible at the peak of the next Bull Cycle.


Take a look at our Bull Cycle study below:




A a more analytical perspective on Bitcoin's Halvings, Reward phases and cycles

.png' src='/static/images/svg/idea-image-placeholder.svg' alt='Bitcoin: Roadmap to the next Halving. Reward phases and cycles.' class="js-image-lazy-load">


Roadmap to price stability:




** If you like our free content follow our profile (https://www.tradingview.com/u/InvestingS...) to get more daily ideas. **

Comments and likes are greatly appreciated.
High quality signals (http://www.investingscope.com) for live buy/sell opportunities on a variety of financial assets.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out